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Rhodes State College News

October 15, 2020
WBENC Cummins Grant for Black Student Female Founders Applications End October 23, 2020

We wanted to let you know about a grant opportunity for Black Female Business Owners! Applications are due NEXT WEEK on Friday, October 23, 2020 for the WBENC Cummins Grant for Black Student Female Founders.

The WBENC Cummins Grant for Black Student Female Founders is a new funding initiative to invest in the next generation of the fastest growing segment of women-owned businesses – Black female founders. The grant program will provide $2,000 to $6,000 funding awards to Black female entrepreneurs in STEM currently enrolled in college or university, or a recent college or university graduate.

Black women are starting businesses faster than any other segment in 2019, 1,625 new businesses were started by women of color every single day. Despite this, these businesses experience greater difficulties in securing access to capital and receiving funding to grow their businesses.

WBENC is working to address these disparities through education, opportunities, funding and mentorship programs, including the Student Entrepreneur Program, NextGen Program, and Women of Color Development & Outreach Program. This new grant program, in partnership with Cummins, will help fill a critical funding gap and support emerging Black female entrepreneurs with innovative companies focused on sustainability.

 Who Should Apply
 

  • Black female entrepreneurs     
        
  • Collegiate level; undergrad, graduate or doctorate; or recent graduate (within the last 6 months)          

 Preference will be given to:

  • Businesses in STEM fields       
  • Businesses that address a sustainable future       
  • A demonstrated need for funds       

How it Works

  1. Friday, October 23 at 11:59 PM EST. The grant application period are open through         
  2. WBENC and Cummins will review all grant applications and determine awards based on specific scoring criteria and demonstrated need.         
  3. November 12, 2020. Grant awardees will be announced on         
  4. WBENC and Cummins will host a special webinar event to announce the grant awardees.        

 Questions?

Contact . nextgen@wbenc.org

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