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Be a for-profit venture operating in the sectors of consumer products and services, healthcare, media and entertainment, technology, etc.
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Are currently incorporated in the U.S. or have concrete plans to complete legal incorporation.
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Have secured less than $1 million in dilutive funding at the time of applying for the award.
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Ensure all team members are at least eighteen (18) years old.
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Eligible teams should include at least one founding member who identifies as Black/African/African American and/or Hispanic/Latino/Latina/Latinx. A founding member holds a key role such as CEO, Vice President, or another executive level position.
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Each team must consist of a minimum of two members, where a team member is defined as an individual playing a critical role in the venture with specific responsibilities for work streams or deliverables.
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The lead of the venture, defined as the CEO, President, or most senior role on the founding team, must be a legal U.S. resident and based in the U.S.