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The CEO and co-founder of Black Ambition, Felecia Hatcher, describes the initiative as more of a “movement than a moment.” With the second annual prize competition open for applications as of March 17th, many entrepreneurs will try to get funding through their tech, design, healthcare, and consumer products/services start-ups. Interested parties can go to BlackAmbitionPrize.com to submit their ventures in consumer products and services, media and entertainment, healthcare, technology, and Web3 for a chance at one million dollars. 34 companies were funded last year with the companies going on to make $40 million. The Black Ambition is like “Shark Tank,” where in addition to the capital, winners receive mentorship and access to resources with the help of Pharrell Williams.