Information

The National Black MBA Association (NBMBAA) Scale-Up Pitch Challenge is designed to support and encourage Black entrepreneurs in scaling their businesses. Winning this competition can provide entrepreneurs with significant financial support, mentorship, and networking opportunities. The challenge is a unique platform that allows participants to pitch their business ideas to a panel of seasoned investors and business leaders. First-place winners of the competition gain substantial visibility and credibility, which can open doors to further investment, partnerships, and market opportunities.

How to Apply

To apply for the NBMBAA Scale-Up Pitch Challenge, entrepreneurs need to visit the official NBMBAA website during the application period. Applicants are required to submit a detailed business plan, a pitch deck, and any other required documentation that showcases their business idea, market potential, and growth strategy. The application process typically involves multiple stages, including initial screening, semi-final rounds, and the final pitch competition. Detailed instructions and deadlines are provided on the website.

Total number of startups invested: 1

Average Funding: The average funding round for winners can vary, but the first-place prize often includes a significant cash award along with potential follow-on investment opportunities.

Industry: The competition is industry-agnostic, meaning it welcomes business ideas from various sectors including technology, healthcare, finance, consumer goods, and more.

Market: United States