SoGal Foundation and Winky Lux partnered to provide at least two $10K cash grants to Black women or nonbinary entrepreneurs.
Black women founders are the fastest growing demographic of entrepreneurs out of any throughout history.
These founders are best equipped to solve some of the world’s largest unmet needs, and have a legacy of reinvesting in their communities and creating intergenerational wealth. However, Black women entrepreneurs are met with the greatest barriers to accessing capital.
This perpetual systemic discrimination, the unwillingness and inability of Silicon Valley and VCs to diversify their investments, the disproportionate effects of COVID-19 on entrepreneurs of color, and the ongoing violence against Black people are absolutely inexcusable.
SoGal Foundation and Winky Lux have partnered to make a small step towards progress by providing at least two $10K grants to Black women or nonbinary entrepreneurs. SoGal and Winky Lux believe in a brighter future where the next world-changing business does not go unrealized because of systemic discrimination.
To qualify, you should:
self-identify as a Black woman or Black nonbinary entrepreneur
have a legally registered business
plan to seek investor financing in order to scale
have a scalable solution or idea with the ambition to be the next billion-dollar business
Applications are rolling; SoGal intends to continue growing the grant.
For more information visit www.iamsogal.com