Elevate Black Entrepreneurs Scholarship
Empowering the next generation of Black entrepreneurs.
About the Scholarship
Talent is evenly distributed, but opportunity is not.
Although African-Americans comprise 13.4% of the US population, just 1% of start-ups receiving venture funding have Black founders.
While entrepreneurship is one of the most impactful ways to move communities and the country forward, the pipeline of funded entrepreneurs does not reflect the diversity of our country.
And since the focus of funded start-ups tends to reflect the experience of their founders, lack of representation means blindspots in innovation. Critical, solvable problems go unaddressed. Concurrently, funding often flows in favor of ideas for businesses in saturated markets with less potential for impact and scale.
Solving this problem will take deep dedication across the start-up, tech, and venture capital world.
As one small part of this, the Elevate Black Entrepreneurs Scholarship will be awarded each year to a Black undergraduate or graduate school entrepreneur who is currently building or who aspires to build a new business. The scholarship is funded by Calvin of calvinrosser.com and three of his friends, Dror, Cole, and Taylor.
The scholarship will be awarded to one undergraduate or graduate school student.
$2,000 Cash Award
Pay it Forward
If you know someone who might be a good fit, encourage them to apply. If you win the scholarship, pay it forward by helping others.
To be eligible for this scholarship, you must meet the requirements below. Please read the requirements carefully to ensure you meet eligibility before applying.
How to Apply
You can apply for this scholarship on the Bold.org scholarship platform. To apply, you will need to set up a student profile on Bold.org and write a 500-1,000 word essay about the following:
Please tell us a bit about yourself and your business (or business idea). What inspired you to start it? What do you hope it will achieve?
The scholarship is open to current or aspiring Black entrepreneurs across any field or business stage will be considered. Winners will be selected on the merit of their business idea, and on the impact that additional support would have for them.
When is the scholarship deadline?
The application deadline is December 1, 2020. Winners will be announced on December 31, 2020.
What is the scholarship prize?
The scholarship award is $2,000.
When will the winner be chosen and notified?
The winner will be publicly announced on December 31, 2020. Prior to the announcement date, we may contact finalists with additional questions about their application. We will work with donors to review all applications according to the scholarship criteria. Winners will be chosen based on the merit of their application.
How will the scholarship be paid?
We will send the $2,000 award check to the winner’s academic institution in their name, and in the name of their institution (depending on the school’s requirements).
How will my application be verified?
Before we award the scholarship, the winner will be required to verify their academic enrollment status by providing a copy of their most recent transcript.
How can I contact you with questions?
If you have any question about the scholarship, you can email Calvin at [email protected] Please use the subject line “Elevate Black Entrepreneurs Scholarship.”
How will my application information be used? What are the scholarship terms and conditions?
Life Reimagined Ventures manages this scholarship with the support of the Bold.org scholarship platform. Bold.org takes student confidentiality and privacy incredibly seriously. Please refer to the application page on Bold.org for full details.
Find more balance and meaning across your career, finances, health, and relationships. Sign up to receive Life Reimagined, a weekly Sunday email with articles, ideas, and resources to help you design a life with more joy, less pain, and success as you define it.