- A BIPOC-identifying entrepreneur who owns the largest or equal stake in a qualifying business
- 21 years or older as of the application due date, September 1, 2022
- Proficient in English
- A legal resident of the United States
- For profit, from any industry
- Early-stage (less than 10 years of operations)
- Generating revenues (minimum of $50,000 preferred)
- Formed under United States law and operating in the United States