Elevate Black Entrepreneurs Scholarship

A $1,000 semi-annual grant designed to empower 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.

Note: Creating a scholarship has never been easier. You can learn how to start your own scholarship fund here.

Scholarship Details

The scholarship will be awarded to one undergraduate or graduate school student.

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The next application deadline is June 30, 2021.  Winners will be announced on July 31, 2021. 
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$1,000 Cash Award

Life and school are expensive. The $1,000 cash award is designed to lessen the financial burden of life.

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.

Eligibility Requirements

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.

Meet Mazey, the 2020 Scholarship Winner

I aspire to provide opportunities for talented and underprivileged filmmakers to tell their stories.

Mazey Copeland is a a 19-year-old student at Mt. Hood Community College who is building a production company that will help break down barriers and equalize opportunity in Hollywood. The company’s purpose is to be able to develop films and projects outside of the constraints of Hollywood and large-scale funding. In doing so, the company hopes to provide independence for artists and give them more ownership over their creative ideas.

Other Scholarships to Apply For

These are some easy no-essay scholarships for students from all education levels and fields of study. If you’re in high school, you can also check out this list of the top scholarships for high school seniors.

Scholarship FAQ

When is the scholarship deadline?

The application deadline is June 30, 2021. Winners will be announced on July 31, 2021.

What is the scholarship prize? 

The scholarship award is $1,000.

When will the winner be chosen and notified?  

The winner will be publicly announced on July 31, 2021. 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 $1,000 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.

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