The Center for Black Entrepreneurship

The Center for Black Entrepreneurship (CBE) is an academic center based in Atlanta that aims to eliminate the barriers between Black entrepreneurs, professional investors, and business builders by leveraging education, mentorship, finance.
What are the main aims and objectives?

The Center for Black Entrepreneurship (CBE) has several key aims and objectives. Its primary goal is to empower Black entrepreneurs by creating a strong entrepreneurial ecosystem in Atlanta and beyond. The CBE also aims to bridge the gap between Black entrepreneurs and the investment and business sectors, thereby growing the pipeline of Black business talent. The CBE also aims to provide academic training to Black entrepreneurs. Overall, the central mission of the CBE is to address and overcome the historic and systemic obstacles faced by Black entrepreneurs in accessing capital, training and networks.

How does the program work?

The Center for Black Entrepreneurship (CBE) intends to offer a comprehensive set of features designed to empower Black entrepreneurs. The CBE achieves this through a tripartite approach that encompasses education, mentorship, and access to capital and opportunity.

The CBE's academic training is to be facilitated through its partnership with Spelman and Morehouse Colleges. This collaboration allows the CBE to tap into the rich academic resources and robust intellectual community of these renowned Historically Black Colleges and Universities (HBCUs). The center also has a connection with Clark Atlanta University, which helps catalyze the development of its graduate-level programming. 

Spellman currently runs several co-curricular programs including the student run entrepreneur’s club, a dedicated space for entrepreneurship training (the Entrepreneurship Hub Science Center 240), a student fellowship program (Blackstone LaunchPad) and a comprehensive educational initiative (Spelpreneur) which includes workshops, an entrepreneur chat series, one-on-one mentorship and an annual Startup pitch competition. The CBE curriculum aims to teach students how to:

  • Create a business.
  • Launch a start-up.
  • Evolve and translate and business concept.
  • Acquire and existing business and/or reposition a business.
  • Scale promising innovations into commercially viable products or services.
  • Connect with potential investors including venture capital and other sources of funding.
  • Learn core skills in marketing, pitching, customer discovery, business planning, branding, business financials and other foundational elements.

A significant part of the CBEs strategy is to increase funding opportunities through mentorship. The center seeks to address the barriers that Black entrepreneurs often face in securing capital and expertise. In particular they intend to do this by building strategic partnerships and leveraging public-private collaborations. The CBE will work with seasoned professionals like Margaret Anadu, Senior Partner at The Vistria Group, who offers expert guidance to black entrepreneurs on equitable access to capital.

What is the overall cost?

The Center for Black Entrepreneurs is supported by a $10 million grant from Bank of America. The CBE is funded through donations to support their mission, allowing them to offer free access to the knowledge, tools, and support that Black entrepreneurs need.

How was it implemented?

The Center for Black Entrepreneurs will be fully launched in 2024 and has been created by the Black Economic Alliance Foundation, Spelman College and Morehouse College. It was built on an existing culture of entrepreneurship programs at both Spelman and Morehouse which are two of the highest-ranking Black colleges and universities (HBCUs) in the US.

In addition to the students of Spelman and Morehouse, CBE curriculum will be available to students from Clark Atlanta University and Morehouse School of Medicine; and online portable certificate programs will be available to students from any school and even non-student entrepreneurs.

What impact has been measured?
The Center for Black Entrepreneurs will launch in 2024 so there is currently no information available on impact. 

CURATED BY

Research Associate
Global Entrepreneurship Network
United Kingdom