Entrepreneurship is a vital contributor to the economic health of America, with startups playing “an outsized role in boosting innovation, productivity and job creation” in the communities they serve. However, minorities are not only underrepresented as startup founders (pitching only 8.5% of businesses to angel investors), they are also less likely to receive investment.

As a nationally-renowned leader in business education, NBMBAA ® continues adapting its programming model to more efficiently serve as a catalyst for ‘entrepreneurial thinking’, and to provide the necessary tools, resources and connections for aspiring and/or existing startups to thrive. The organization believes that by providing entrepreneurship and funding opportunities for African Americans, we can foster a rapid and lasting impact on the financial prosperity of Black communities nationwide.

Underserved communities show a consistent trend of increasingly becoming more savvy users of technology, more enga...
Entrepreneurship is a vital contributor to the economic health of America, with startups playing “an outsized role in boosting innovation, productivity and job creation” in the communities they serve. However, minorities are not only underrepresented as startup founders (pitching only 8.5% of businesses to angel investors), they are also less likely to receive investment.

As a nationally-renowned leader in business education, NBMBAA ® continues adapting its programming model to more efficiently serve as a catalyst for ‘entrepreneurial thinking’, and to provide the necessary tools, resources and connections for aspiring and/or existing startups to thrive. The organization believes that by providing entrepreneurship and funding opportunities for African Americans, we can foster a rapid and lasting impact on the financial prosperity of Black communities nationwide.

Underserved communities show a consistent trend of increasingly becoming more savvy users of technology, more engaged consumers of media, and more empowered socially. As these trends continue, it is important that African-Americans become stronger producers as opposed to only being consumers of these innovations.

Acknowledging that about 87% of VC-backed founders are White, and less than 1% are Black, Black founders continue to be both overlooked and lack equitable levels of investment, requiring new investment strategies. With many of these founders addressing issues that strongly cater to the fastest growing multicultural segments of trillions of dollars of spending power, it is important that we invest in these businesses in ways that help them scale and continue to grow, becoming sustainable mainstays of our community. Therefore, the National Black MBA Association has created the Scale-Up Pitch competition, which gives these founders an opportunity to receive the social and intellectual capital necessary to secure the financial capital to accelerate their growth through a day of programming, culminating with the selection of the finalists and winners of the Scale-Up Pitch Challenge at the 2021 NBMBAA National Competition.
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Staff