According to Blavity, Michael B. Jordan and Serena Williams are partnering together to give students or alumni of an HBCU a chance to win $1 million. Participants will submit their unique business plans to the Black Panther actor’s Invesco QQQ Legacy Classic, Serena Ventures, the tennis star’s investing company, and MaC Venture Capital in order to win.
“Historically black colleges and universities have long been hubs of entrepreneurial prowess and are an important element of our educational environment.” In a press statement, Alison Stillman, general partner at Serena Ventures, said, “We are excited to be teaming with Michael B. Jordan and MaC Ventures on spotlighting the talented student and alumni founders.”
The winners will be announced during halftime of the Invesco QQQ Legacy Classic Basketball Showcase Finals, which will take place on Dec. 18 in New Jersey. The HBCU college basketball showcase will feature North Carolina Central University, North Carolina A&T University, Hampton University, and Howard University. TNT will also broadcast the event.
“Talent is around, but opportunity isn’t,” said Michael Palank, a general partner at MaC Venture Capital. “We couldn’t be more excited to uncover and support the amazing entrepreneurial talent we know is thriving at these universities,” says one of our partners.
Invesco, Serena Ventures, MaC Ventures, Thirty-Five Ventures, Cake Ventures, and Harlem Capital Partners executives will assist the winners in developing their concepts in the coming months.
Jordan spoke to Variety earlier this month about his impending basketball classic. The Creed actor remarked, “I am delighted to finally unveil the four HBCUs that will be competing in the inaugural Legacy Classic.” “Invesco QQQ and Turner Sports have been incredible collaborators in bringing this experience to life.” I grew up watching basketball games on TNT, so I’m confident they’ll present an entertaining set of games to a true basketball fan base and their families.”