Pharrell’s latest venture promises to give back to Black and Latinx entrepreneurs.
The artists just created a new non-profit called Black Ambition.
In a statement released Tuesday, Pharrell says the civil unrest that suffused 2020 moved him to create an organization to support Black and Latinx entrepreneurs who are launching tech, design, healthcare, consumer products, and service startups.
“Recent events and tragedies have illustrated the always existent stark divisions in the American experience, and while entrepreneurship has long been a tenet of the American dream, marginalized people have faced long-standing barriers to success,” the statement reads. “With Black Ambition, the goal is to help strengthen the pipeline of talented entrepreneurs and close the opportunity and wealth gaps derived from limited access to capital and resources.”
Along with Pharrell, the Black Ambition’s advisory team includes support from the Bridgespan Group—a global nonprofit organization that advises mission-driven organizations, nonprofits, philanthropists, and impact investors as well as Off-White’s Virgil Abloh.
Virgil also created the Black Ambition logo and identity concept design.
To learn more about Black Ambition, click here.