Pharrell Williams' Black Ambition opens applications for its second annual Prize competition

Leigh Vogel/Getty Images for Pharrell Williams

Pharrell Williams’ non-profit Black Ambition has announced that applications for its second annual Black Ambition Prize are now open.

The company, founded by Williams in 2020 to empower Black and Latinx entrepreneurs, is looking to fund and support ventures in consumer products and services, media and entertainment, healthcare, technology and Web 3.0.

To enter, ventures must have at least one founder or co-founder that identifies as Black or Latinx. The grand prize winner will receive a $1 million prize. At least six additional teams will receive smaller prizes.

Black Ambition is also offering the HBCU Prize, in