Two lucky HBCU students will be getting $2,000 each, in scholarships thanks to five Black entrepreneurs who got together to make it happen.

According to Black News, CEO Wesley Jacques of BlueDrem Media & Marketing Services; Lauren and Zevi Lacey, founders of Urban Business Directory; Gia Mac, CEO of Infinite 7; and Ashley Johnson, owner of the Vegan Chef Ash, are the five Black entrepreneurs who have formed the scholarship.

These entrepreneurs united to form the Step into Greatness Scholarship after realizing that they needed to give back to the community that had given them so much support in the past.

“Entrepreneurship takes a lot of work and dedication, and we believe it’s our responsibility to champion those who have the dedication and drive to go after their dreams, especially at such young ages,” Mac said in the announcement. “By cultivating this call to action for HBCU students, it adds to the greatness of all that entrepreneurs stand for, especially those who go on to curate Black businesses.”

Wesley Jacques of BlueDrem agrees.

“Food, expenses, and tuition are expensive, so I am truly honored to be in a position to pour into the lives of young people by any means necessary. Our college students need to be uplifted because they are the pillars of the future,” he said.

Applications are being accepted now through May 31, 2021. You can submit your application for the scholarship here, and the winners will be announced on July 7, 2021.