The SoGal Foundation is teaming up with Bluemercury, twelveNYC, Winky Lux, Lively and more sponsors to make a small stride toward progress for Black women or nonbinary entrepreneurs!
According to the company’s website, “Black women founders are the fastest-growing demographic out of any throughout history,” yet they are always met with the greatest barriers when it comes to accessing capital.
In order to change this systemic discrimination, the foundation will provide those nonbinary and Black women entrepreneurs with several $10,000 and $5,000 grants. They’ve also partnered with Howard University to award five $2,000 cash grants to five Howard University student entrepreneurs who qualify. Students will receive their grants at the end of the Fall 2020 semester.
Recipients will also receive tactical help navigating the fundraising space at large in order to have a more equitable opportunity at scaling the next billion-dollar idea along with lifetime “ask-me-anything” access to the SoGal Ventures and SoGal Foundation teams.
“We know this is a small start, and we are hopeful that it will grow,” says the statement on the company’s website. “We believe in a brighter future where the next world-changing business does not go unrealized because of systemic discrimination.”
For more on the qualifications of the program and how to apply, visit their website here.