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Opportunity for USA BIPOC Students to Participate in a Business Accelerator Program

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IMPORTANT DATES:
Application Deadline

12/16/22

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ELIGIBILITY:
Geographic Focus

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RFP & SUPPORTING DOCUMENTS:

Full Grant Text RFP

BGV NextGen Program

Black Girl Ventures (BGV) Foundation


Agency: Foundation

GrantWatch ID #201095

Grant Description

Opportunity for USA students at HBCUs to participate in a business accelerator program. Eligible applicants are BIPOC individuals between the ages of 18 and 24. Participants will receive a $5,000 stipend as well as in-kind support to grow their business idea. The purpose of this program is to develop the entrepreneurial mindset of HBCU students via access to capital, training, mentoring, and new networks.

The BGV NextGen Program was created for the next generation of Black and Brown entrepreneurs in mind attending HBCUs nationally. This experience will create access to capital, capacity, and community for student visionaries ranging from 18 to 24 years old.

Student Visionaries will work through a curated curriculum in preparation for a demo day to show off their business acumen. Next they will move into a tournament-style BGV Pitch Competition, giving them a chance to win additional capital and rep their HBCUs! Additionally, they will also have access to Supplier Diversity opportunities to increase visibility to their businesses. BCV is ready to usher in a new age of dynamic Black/Brown founders.

Through multi-pronged efforts, BCV will help prepare students for a highly competitive workforce as well as providing experiences design to elevate entrepreneurship as a practical avenue for employing themselves and others. 

BCV's vision is to democratize entrepreneurship for the NextGeneration of business leaders. This will help change the playing field for Black and Brown women-identifying founders while closing the generational wealth gap, strengthening families, and creating a more equitable society.

During the 8-week accelerator training, student visionaries will:

  • Be matched with a group of peers across of the country.
  • Access culturally-centered entrepreneurial education through BGV's 8-week JetPack Accelerator program.
  • Develop money management and business development skills.
  • Gain the opportunity to pitch for access to capital to grow their businesses. 
  • Gain the opportunity to get mentorship and feedback on your business.

Participants will receive:

  • A stipend plus in-kind resources to grow their business idea
  • Entrepreneurship skills development training through the BGV Jetpack for Early Entrepreneurs curriculum.
  • Lifetime membership to the BGV Connect platform: BGV Connect is Black Girl Ventures' online incubator for Black/Brown founders. 
  • Access to a network of student visionaries, mentors and expert feedback to solidify and grow your business. 
  • The opportunity to showcase your business to funders.
  • Access to BGV’s expanding network of partners and capital providers.
  • The opportunity to qualify to participate in a BGV Pitch competition and gain access to more capital to grow your business. 
  • Black Girl Ventures co-branded swag from BGV and BGV sponsors

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Eligibility:

  • Others (see text field entitled "Additional Eligibility Criteria" for clarification)

Additional Eligibility Criteria:

To be considered for admission to the program, applicants must be:
- Have a business or viable business idea.
- Must Identify as a Black or Brown
- Must be enrolled at a HBCU.
- Must be 18-24 years old.
- Have the ability to commit to approximately 3 hours per week for 8 weeks.
- Have interest in growing your network and being a part of a community of student entrepreneurs across the country.

Currently, this opportunity is only available to full-time students (Women or Men) enrolled in the Fall 2022 and Spring 2023 semesters at a Historically Black College or University..

Pre-Application Information:

Applications Open: October 13, 2022
Applications Close: December 16, 2022

How to Apply:
1. Complete the application form, meeting the eligibility criteria
2. You’ll then receive an invitation to submit a short video introduction of you and your business/business idea.
3. You’ll receive an email notification of a decision

Additional Funding Information:

Number of Grants:

The first cohort will be 25 founders.

Estimated Size of Grant:

Participants will receive a $5,000 stipend - plus in-kind resources to grow your business idea!

Contact Information:

Application Form: https://blackgirlventures.submittable.com/submit

If you have questions email BGVNextGen@blackgirlventures.org.

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