Important dates
1871 is hosting a three-round pitch competition, in which early stage Black-led tech startups will pitch their company for a chance to win a cash prize and equity opportunities from our notable VC partners.
We are excited to hear from Black founders about the solutions & products you are building and support you [and your business!] with the right funding and resources.
Free to enter. Open to the public, nationwide!
Applications open
4.27.22
Applications close
5.20.22
Semi-finals
6.9.22
Finals
6.23.22
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Funding & awards
We want to be an early stage advocate and fundraising partner to you! In addition to building valuable connections to the best and brightest business leaders, tech entrepreneurs, and investors.
Participants have a chance to win:
- $50k minimum committed prize money will be awarded at the final event. Prize money will consist of both cash and equity investments from our sponsoring VC partners
- Top 5 finalists will receive free virtual membership to 1871 for 6-months
About BLKtech
Our BLKtech initiative supports Black entrepreneurs & leaders with regular programming, tailored resources, mentorship, & community designed to help them embrace their unique strengths & break down the barriers they face.
Why?
In 2020, venture capital investors funneled $150 billion to startups. But only ~1% of those funds were distributed to Black founders, despite the rapid growth of Black entrepreneurship. There is a vast and growing funding gap!
This event activates our community of early stage startups, corporate partners, venture capitalists and the wider tech ecosystem. As a collective, we aim to deepen the pool of funds that Black founders can access.
Learn more about our affinity programs under BLKtech—BLKtech leaders & BLKtech founders.
Eligibility to enter
- Need to have a deep understanding of the problem they seek to solve and for whom.
- Clear definition of their user and key value propositions
- Have developed a highly effective go-to-market strategy and have tested and verified these strategies
- Clear and defined business model that ties into the overall strategy of the business
- Need to show some traction with your business through customers success
- Applicants are no longer eligible if you have already closed a series A funding round
Breakdown
App phase
Closed screening
4.27.22 - 5.20.22
The applicants are screened and the top 20 are notified if they are to move onto the semi-finals. The competition is open to non-members, across the US. See eligibility before applying.
Semi-finals
Private - Virtual
6.9.22
The top 20 founders will pitch virtually to a panel of business leaders for a chance to win a finalist spot in the next phase. Only the top 5 will advance to our finalist event. This round will be closed to the public.
Finals
Public - Hybrid
6.23.22
Top 5 finalists will participate by pitching [hybrid options available] to a panel of judges consisting of business leaders and major VC’s in our network for funding & awards.
Sponsors
Corporate
Venture Capital
