The event will give students and young entrepreneurs around the DC metropolitan area an opportunity to compete for $10,000 in startup capital. Urban entrepreneurs from all business disciplines will have an opportunity to pitch their business ideas to a panel of judges that include 100 Urban Entrepreneurs CEO and co-founder, Magnus Greaves, Grammy Award winning producer, Bryan-Michael Cox and Vice President of Corporate Real Estate for ADP, Brian Banks. Winners will receive the $10,000 dollars in startup capital and gain admittance to 100 Urban Entrepreneurs “Funding and Mentoring Program”, an intensive eight week professional mentoring program that offers recipients a unique opportunity to interact with business leaders and other talented entrepreneurs. Members gain access to professional networks that provide valuable resources to help build successful and sustainable businesses.
“Howard University is known around the world for producing successful leaders within all facets of business, politics and community. We are extremely excited and honored to work with the university through The Institute for Entrepreneurship, Leadership and Innovation” stated Magnus Greaves, CEO and co-founder of 100 Urban Entrepreneurs (http://www.100urbanentrepreneurs.org).
In 2010 ages 20–34 comprised 26% of the total new entrepreneurship activity in the United States and the African American entrepreneurial activity rate decreased from 0.27% in 2009 to 0.24% in 2010 according to the 2010 Kauffman Index of Entrepreneurial Activity. 100UE’s mission is to help provide a meaningful, long-term economic boost to urban communities by supporting minority entrepreneurship at its earliest stages. This mission continues to be supported by Howardites both past and present. Notable Howard University graduate and music mogul, Sean “Diddy” Combs recently donated $100,000 to 100UE. Combs’ donations will be used to supplement the Sean "Diddy" Combs Entrepreneurial Fund established by 100 Urban Entrepreneurs and The Carriere Foundation.
100 Urban Entrepreneurs encourages everyone in the DC Metropolitan area with a great business plan to sign up and attend the pitch competition at Howard University’s Blackburn Center Thursday, April 21, 2011 from 6 p.m. to 8 p.m. Participants must register online at www.100urbanentrepreneurs.org to compete.
About 100 Urban Entrepreneurs
100 URBAN ENTREPRENEURS (www.100urbanentrepreneurs.com) is a nonprofit foundation dedicated to helping provide a long-term economic boost to urban communities throughout the United States by supporting entrepreneurship at its earliest stages. In partnership with TheCASHFLOW, 100 Urban Entrepreneurs seeks to identify, fund and mentor 100 of the most promising young business people that might otherwise lack access to startup capital and a professional network. Our goal is to provide the tools to help talented young dreamers create viable, profitable companies.