Michael B. Jordan and Serena Williams partner to help launch the businesses of HBCU students and alumni by starting a Startup Pitch Competition, aimed to inspire future business leaders who may not have equal access to opportunity.
Jordan’s firm Invesco QQQ Legacy Classic and Serena’s investment company, Serena Ventures have partnered with MaC Venture Capital for participants to submit a business proposal so that young entrepreneurs will have the opportunity to win up to $1 million to grow their business.
“HBCUs are an integral part of our educational ecosystem and have long been centers of entrepreneurial excellence. We are thrilled to be partnering with Michael B. Jordan and MaC Ventures on highlighting the brilliant student and alumni founders.” Alison Stillman, the general partner at Serena Ventures.
There will be three finalists chosen, who will then have to make a final pitch to the two firms, as well as Harlem Capital and Cake Ventures, who are also serving as advisors to the competition.
Participants who want their piece of the pie will be required to submit business proposals and investor decks online now through Nov. 18 to qualify.
The winner will be announced December 18 during TNT’s broadcast of an HBCU college basketball showcase featuring four institutions: Howard University, Hampton University, North Carolina A&T University and North Carolina Central University.
Following the competition, winners will also continue to be advised by executives from MaC Ventures, Serena Ventures, Invesco.