Pharrell has taken the name of his hit song “Black Ambition”, which features Jay-Z to new heights. The music mogul has created a non-profit that will help Black and Latinx founders succeed in launching tech, design, healthcare, and consumer products/ services start-ups.
“Recent events and tragedies have illustrated the always existent stark divisions in the American experience, and while entrepreneurship has long been a tenet of the American dream, marginalized people have faced long-standing barriers to success. With Black Ambition, the goal is to help strengthen the pipeline of talented entrepreneurs and close the opportunity and wealth gaps derived from limited access to capital and resources”, stated Pharrell.
He continued by stating, “We want to highlight the fact that it’s a huge market opportunity. Black and Latinx folks spent $3 trillion in the marketplace. That’s a market that’s worth investing in.”
For more information about this initiative head on over to www.blackambitionprize.com.
