An impressive boost from Capital One Business has put three Black women entrepreneurs on the fast track to success.

Black women business owners, founders, creators, and more gathered the last weekend of September in Dallas, TX, for the fifth annual Black Magic Reimagined 2023 — an event created by Boss Women Media and Elle Olivia Founder Marty McDonald to inspire and ignite entrepreneurs.

This year, while attendees joined in sisterhood to learn, connect, and gain access to valuable resources for their businesses, three Black women entrepreneurs were the ultimate winners of the event’s Capital One pitch competition — receiving $100,000 in funding.

“Empowerment of Black women can’t stop with telling them a very unique and inspiring story,” McDonald said in a sit-down interview with AFROTECH. “The empowerment of Black women is a 360 approach to making sure that they are well-rounded with tools and resources to truly propel themselves forward.”

She added, “Specifically with us and the pitch competition, …winning $50,000, $30,000, and $20,000 can be monumental to change your business. That’s the amount of funds that we’re giving out today on behalf of Capital One.”

Dayna Fleming, head of customer growth, business cards and payments at Capital One, who also served as one of the judges, explained in a statement to AFROTECH:

“We’re thrilled to partner with Boss Women Media to provide grants that will help these entrepreneurs continue to achieve their dreams and build sustainable, thriving businesses.”

The recipients of the Black Magic Reimagined Summit Pitch Competition are as follows:

“Securing the $50,000 first place pitch investment from the Black Magic Reimagined Summit and Capital One is a validation of our mission but also a powerful catalyst for CPRWrap’s continued growth and impact,” Grand prize winner Jackson told AFROTECH.

Boss Women Media

Jackson’s company offers an easy-to-use CPR aid that is geared toward non-medical responders, caregivers, new parents, and business owners.

She was inspired to launch the company after nearly losing her son during an emergency situation. Her company website mentions she felt “panicked” and “froze” when her son stopped breathing, and she could not remember the steps to perform CPR.

Since then she has dedicated her time to saving lives by providing people the tools to complete CPR in four simple steps.

Jackson says the $50,000 grant will be helpful to enhance the product through research and development.

Additionally, the investment will support educational initiatives and extend the reach of CPRWrap to more individuals, community organizations, and schools, she says.

“We aim to collaborate with schools, community organizations, and healthcare providers to ensure that CPRWrap becomes a standard tool for emergency response,” Jackson expressed. “This investment is not just a financial boost; it’s a vote of confidence in our mission and a catalyst for greater impact. We are excited about the future and the positive change we can bring about together.”