Five of North Carolina’s Historically Black Colleges and Universities (HBCUs) will receive more than $2 million collectively to establish a new initiative to strengthen the future of entrepreneurship in the state.
Announced last week and named the “PNC North Carolina HBCU Initiative,” the grants will come from the PNC Foundation which receives its principal funding from The PNC Financial Services Group. The funds will be distributed over three years and will be made to Elizabeth City State University, Fayetteville State University, Johnson C. Smith University, North Carolina Central University and Winston-Salem State University.
With an emphasis on entrepreneurship and economic empowerment, the “PNC North Carolina HBCU Initiative” will enable grantee institutions to enhance their respective entrepreneurship curricula and offerings – from the introduction of new programs to capacity-building opportunities and technology enhancements. Additionally, students from all five schools will have the opportunity to participate in the “PNC Pitch Competition,” an annual forum where student-entrepreneurs can showcase innovative ideas and demonstrate their marketing skills.
Click here to access the announcement.