Information

The National Black MBA Association (NBMBAA) Scale Up Challenge is a pitch competition designed to support and uplift Black entrepreneurs. Winning the 1st place in the 2018 Scale Up Challenge Pitch Competition offers significant benefits including increased visibility, access to a network of successful professionals, and potential funding opportunities. The NBMBAA provides a platform for entrepreneurs to showcase their business ideas to a panel of judges and an audience of industry leaders, investors, and potential customers. This exposure can lead to valuable connections, mentorship, and resources that can help scale their businesses.

How to Apply

To apply for the National Black MBA Association Scale Up Challenge, entrepreneurs need to visit the NBMBAA website and look for the Scale Up Challenge application section. The application process typically involves submitting a detailed business plan, a pitch deck, and a video pitch. Applicants should be prepared to demonstrate their business's potential for growth, innovation, and impact. Keep an eye on the application deadlines and ensure all required materials are submitted on time. Additionally, being a member of the NBMBAA may be required or beneficial for the application process.

Total number of startups invested: 1

Average Funding: The average funding round can vary, but winners can expect significant financial support, ranging from $10,000 to $50,000 in funding, depending on the year and specific competition details.

Industry: The Scale Up Challenge is industry-agnostic, meaning it is open to businesses across various sectors including technology, healthcare, consumer products, and more.

Market: United States