Back in December 2020, mega music producer Pharrell Williams announced the launch of an initiative for Black and Latinx entrepreneurs called Black Ambition. The purpose of the nonprofit is to provide a bridge to success for entrepreneurs of color working in tech, design, healthcare, and consumer products/services startups.
According to Billboard, the winners were announced by Williams and his nonprofit initiative, Black Ambition, earlier this week. Cash prizes ranged from $50,000 to $1 million.
The ceremony, which was held as a private virtual event on Tuesday, was hosted by Black Ambition CEO Felecia Hatcher and saw Williams announce the $1 million Grand Black Ambition Prize winner. Livegistics, which is a team of software developers, accounting professionals, and former construction managers, have used their expertise to build a cloud-based platform that innovates the methods in which companies manage civil projects, was the recipient of the top prize.