{"id":886393,"date":"2025-09-15T15:03:11","date_gmt":"2025-09-15T19:03:11","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/spelman-college-wins-7th-annual-moguls-in-the-making-entrepreneurial-pitch-competition\/"},"modified":"2025-09-15T15:03:11","modified_gmt":"2025-09-15T19:03:11","slug":"spelman-college-wins-7th-annual-moguls-in-the-making-entrepreneurial-pitch-competition","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/spelman-college-wins-7th-annual-moguls-in-the-making-entrepreneurial-pitch-competition\/","title":{"rendered":"Spelman College wins 7th annual Moguls in the Making entrepreneurial pitch competition"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<ul type=\"disc\">\n<li>Ally and Thurgood Marshall College Fund gathered 50 students to compete for over <span class=\"xn-money\">$200k<\/span> in scholarships and prizes<\/li>\n<li>A team of students from <span class=\"xn-org\">Spelman College<\/span> received first place for their pitch that explored the intersection of entrepreneurism and impact in <span class=\"xn-location\">Detroit<\/span> through helping women-owned businesses grow<\/li>\n<li>Winning team from <span class=\"xn-org\">Spelman College<\/span> will be featured on &#8220;The Jennifer Hudson Show&#8221; airing on <span class=\"xn-chron\">Sept. 25<\/span><\/li>\n<\/ul>\n<p>\n        <span class=\"legendSpanClass\"><br \/>\n          <span class=\"xn-location\">DETROIT<\/span><br \/>\n        <\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">Sept. 15, 2025<\/span><\/span> \/PRNewswire\/ &#8212;\u00a0Spelman College students took top honors in the seventh annual <b><u><a href=\"https:\/\/www.ally.com\/go\/moguls\/\" target=\"_blank\" rel=\"nofollow\">Moguls in the Making<\/a><\/u><\/b>\u00a0entrepreneurial pitch competition, where 50 students from Historically Black Colleges and Universities (HBCUs) developed innovative and impactful solutions to address economic mobility challenges in\u00a0Detroit.\u00a0The winning team will be featured on &#8220;The Jennifer Hudson Show&#8221; on <span class=\"xn-chron\">Sept. 25<\/span> to speak about their Moguls in the Making experience and winning idea.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/2773116\/Ally_Financial_2025_Moguls_in_the_Making_winning_teams.html\" target=\"_blank\" rel=\"nofollow\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/2773116\/Ally_Financial_2025_Moguls_in_the_Making_winning_teams.jpg\" title=\"2025 Moguls in the Making winning teams with their mentors. Third Place: North Carolina A&amp;T State University, Second Place: Hampton University, and First Place: Spelman College\" alt=\"2025 Moguls in the Making winning teams with their mentors. Third Place: North Carolina A&amp;T State University, Second Place: Hampton University, and First Place: Spelman College\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>The Moguls in the Making competition, held <span class=\"xn-chron\">Sept. 11-14<\/span> in <span class=\"xn-location\">Detroit<\/span>, was hosted by Ally Financial in collaboration with the Thurgood Marshall College Fund (TMCF). Since the program&#8217;s inception in 2019, nearly 400 students have participated. To date, Ally has awarded nearly\u00a0$1.5 million\u00a0in scholarships and prizes through Moguls in the Making.\u00a0<\/p>\n<p>&#8220;Moguls in the Making provides invaluable early business experience for future leaders, offering students the opportunity to learn from experts and explore how different industries can make an impact,&#8221; said <span class=\"xn-person\">Kathie Patterson<\/span>, chief human resources and corporate citizenship officer, Ally. &#8220;At Ally, we&#8217;re focused on creating brighter futures by intentionally addressing economic mobility challenges facing our communities.&#8221;<\/p>\n<p>Fifty students \u2013 10 teams with five students each \u2013 toured Ally&#8217;s hometown of <span class=\"xn-location\">Detroit<\/span> to learn about the city&#8217;s rich heritage, community and challenges. They were then assigned industries and asked to develop a concept to support economic mobility in <span class=\"xn-location\">Detroit<\/span>, creating business plans to put those ideas into action. This year, in addition to learning experiences, students also explored how to integrate artificial intelligence (AI) into their processes responsibly, learning how AI will support the workforce of the future.<\/p>\n<p>The Moguls in the Making program included motivational messages from executives and community leaders, workshops, fireside chats and mentor engagement. A mogul in his own right, actor, television personality and author Terrence J, shared his career journey and spoke about how grit and determination allowed him to follow his passions and build a name for himself in the entertainment industry. \u00a0<\/p>\n<p>On the final day, each team presented their business plan to a panel of judges who awarded prizes to the top three teams based on the pitch. Members of those top teams each received a scholarship for the 2025 school year and other prizes to support their education.<\/p>\n<p>The\u00a02025\u00a0top\u00a0three\u00a0teams\u00a0and\u00a0their\u00a0pitch\u00a0concepts\u00a0were:<\/p>\n<p>\n        <b>First\u00a0Place: <\/b><br \/>\n        <b><br \/>\n          <span class=\"xn-org\">Spelman College<\/span><br \/>\n        <\/b>, <span class=\"xn-money\">$20,000<\/span> scholarships for each student.<br \/>Their idea, Prospera, creates an ecosystem that builds up women-owned small businesses, increasing economic mobility in <span class=\"xn-location\">Detroit<\/span> and beyond.\u00a0Prospera is more than a <span>Fintech<\/span> platform; it&#8217;s a partner in financial well-being.\u00a0<\/p>\n<ul type=\"disc\">\n<li>\n          <span class=\"xn-person\">Aubria King<\/span>, Junior, Biology<\/li>\n<li>Ca&#8217;Miyah King, Junior, Political Science<\/li>\n<li>\n          <span class=\"xn-person\">Kennedy Washington<\/span>, Sophomore, Sociology<\/li>\n<li>\n          <span class=\"xn-person\">Madison Harris<\/span>, Sophomore, Literature, Media and Writing<\/li>\n<li>\n          <span class=\"xn-person\">Sydney Johnson<\/span>, Sophomore, Economics<\/li>\n<\/ul>\n<p>\n        <b>Second\u00a0Place:\u00a0Hampton University, <\/b><br \/>\n        <span class=\"xn-money\">$10,000<\/span> scholarships for each student.<br \/>Their idea, FuelU, addresses food insecurity through meal plans at community college campuses across the city of <span class=\"xn-location\">Detroit<\/span>. FuelU lockers are temperature controlled and provide healthy, fresh, ready to go meals directly to students with AI powered technology.<\/p>\n<ul type=\"disc\">\n<li>\n          <span class=\"xn-person\">Arthur Green<\/span>, Senior, Strategic Communications<\/li>\n<li>\n          <span class=\"xn-person\">Kaleb Moore<\/span>, Junior, Business Management<\/li>\n<li>\n          <span class=\"xn-person\">Lynnette Smith<\/span>, Sophomore, Finance<\/li>\n<li>\n          <span class=\"xn-person\">Symonne Brooks<\/span>, Senior, Marketing<\/li>\n<li>\n          <span class=\"xn-person\">Trinity Polk<\/span>, Senior, Journalism<\/li>\n<\/ul>\n<p>\n        <b>Third\u00a0Place:\u00a0North Carolina A&amp;T State University, <\/b><br \/>\n        <span class=\"xn-money\">$5,000<\/span> scholarships for each student.<br \/>Their idea, Detroit Capital Connect, is an AI-powered tool that supports economic mobility by helping small businesses identify grants, loans and funding opportunities while simplifying the application and submission process.<\/p>\n<ul type=\"disc\">\n<li>\n          <span class=\"xn-person\">Akevia Wilkerson<\/span>, Sophomore, Psychology<\/li>\n<li>\n          <span class=\"xn-person\">Bryce Ferebee<\/span>, Senior, Supply Chain Management<\/li>\n<li>\n          <span class=\"xn-person\">Dorian Jackson<\/span>, Junior, Marketing &amp; Sales<\/li>\n<li>Enioluwa Olabode, Sophomore, Computer Science<\/li>\n<li>\n          <span class=\"xn-person\">Jakari McIver<\/span>, Sophomore, Finance<\/li>\n<\/ul>\n<p>All other students who competed received a <span class=\"xn-money\">$1,000<\/span> scholarship for their participation.<\/p>\n<p>\u00a0&#8220;The Thurgood Marshall College Fund is incredibly proud to extend our relationship with Ally for the seventh year,&#8221; said Dr. <span class=\"xn-person\">Harry L. Williams<\/span>, TMCF president &amp; CEO. &#8220;Ally&#8217;s investment in the innovation and entrepreneurial talent at HBCUs highlights its commitment to empowering students to improve their socioeconomic standing\u2014benefiting not only the students but also their communities.&#8221;<\/p>\n<p>More than 460 students completed the application process for this year&#8217;s competition. Those chosen to compete hail from\u00a0Delaware State University, <span class=\"xn-org\">Florida A&amp;M University<\/span>, <span class=\"xn-org\">Hampton University<\/span>, <span class=\"xn-org\">Howard University<\/span>, <span class=\"xn-org\">Morgan State University<\/span>, <span class=\"xn-org\">Norfolk State University<\/span>, <span class=\"xn-org\">North Carolina A&amp;T State University<\/span>, <span class=\"xn-org\">North Carolina Central University<\/span>, Prairie View A&amp;M College and <span class=\"xn-org\">Spelman College<\/span>.<\/p>\n<p>Mentors and team coaches from the\u00a0Detroit\u00a0business community including Ally executives, past Moguls in the Making participants and HBCU alumni donated their time to work with students, providing valuable perspective throughout the competition.<\/p>\n<p>Learn\u00a0more\u00a0about\u00a0the\u00a0program\u00a0at\u00a0<b><u><a href=\"https:\/\/www.ally.com\/go\/moguls\/\" target=\"_blank\" rel=\"nofollow\">www.ally.com\/moguls<\/a><\/u><\/b>.<\/p>\n<p>\n        <b><br \/>\n          <u>Additional Moguls in the Making quotes for use:<br \/><\/u><br \/>\n        <\/b><br \/>\n        <b>Terrence J, actor, television personality and author<br \/><\/b>&#8220;As a graduate of an HBCU, I know the importance of opportunities like Moguls in the Making\u00a0for young leaders. I could not pass up the chance to once again work with Ally to elevate students from all backgrounds and encourage them to pursue their dreams.&#8221;<\/p>\n<p>\n        <b><br \/>\n          <span class=\"xn-person\">Natalie Brown<\/span>, senior director of corporate citizenship at Ally<br \/><\/b>&#8220;As a proud HBCU alumna, the work we do with Moguls in the Making is deeply personal, investing in future leaders to create pathways to lasting success. By providing essential access and exposure for these talented students in a city like <span class=\"xn-location\">Detroit<\/span> \u2013 which has a rich legacy of innovation and resilience \u2013 we&#8217;re contributing to the economic mobility and future of the community by proving that when you empower students with the right tools, they can truly change the world.&#8221;<\/p>\n<p>\n        <b><br \/>\n          <span class=\"xn-person\">Andrea Brimmer<\/span>, chief marketing and public relations officer at Ally<br \/><\/b>&#8220;Moguls in the Making is full of rigorous learning and ideation, and these students once again impressed us with their energy and creativity for solving real-life challenges. After events like these, I come away feeling inspired by the impact this next generation will have in shaping the future of business and society. The city of <span class=\"xn-location\">Detroit<\/span> is known for its entrepreneurial, creative spirit, and this year&#8217;s students harnessed that passion, making me even more confident that when provided the opportunity, students like these have limitless potential to shape our future for the better.&#8221;<\/p>\n<p>\n        <b><br \/>\n          <u>About Ally Financial<br \/><\/u><br \/>\n        <\/b>Ally Financial Inc. (NYSE: ALLY) is a financial services company with the nation&#8217;s largest all-digital bank and an industry-leading auto financing business, driven by a mission to &#8220;Do It Right&#8221; and be a relentless ally for customers and communities. The company serves customers with deposits and securities brokerage and investment advisory services as well as auto financing and insurance offerings. The company also includes a seasoned corporate finance business that offers capital for equity sponsors and middle-market companies. For more information, please visit <a href=\"http:\/\/www.ally.com\/\" target=\"_blank\" rel=\"nofollow\">www.ally.com<\/a>.<\/p>\n<p>For more information and disclosures about Ally, visit <a href=\"https:\/\/www.ally.com\/#disclosures\" target=\"_blank\" rel=\"nofollow\">https:\/\/www.ally.com\/#disclosures<\/a>.<\/p>\n<p>For further images and news on Ally, please visit <a href=\"http:\/\/media.ally.com\/\" target=\"_blank\" rel=\"nofollow\">http:\/\/media.ally.com<\/a>.<\/p>\n<p>\n        <b><br \/>\n          <u>About\u00a0the\u00a0Thurgood\u00a0Marshall College\u00a0Fund\u00a0(TMCF)<br \/><\/u><br \/>\n        <\/b>Established in 1987, the\u00a0Thurgood Marshall College Fund (TMCF) is the nation&#8217;s largest organization exclusively representing the Black college community. TMCF member schools include the publicly supported historically Black colleges and universities, predominantly Black institutions and historically Black community colleges, enrolling nearly 80% of all students attending Black colleges and universities. Through scholarships, capacity building and research initiatives, innovative programs and strategic partnerships, TMCF is a vital resource in the K-12 and higher education space. The organization is also the source of top employers seeking top talent for competitive internships and good jobs. TMCF is a 501(c)(3) tax-exempt, charitable organization. For more information about TMCF, visit\u00a0<a href=\"https:\/\/www.tmcf.org\/\" target=\"_blank\" rel=\"nofollow\">www.tmcf.org<\/a>.<\/p>\n<p>\n        <b>Contacts:<\/b><br \/>\n        <br \/>\n        <span class=\"xn-person\">Alex Moore<\/span><br \/>\n        <br \/>Ally Public Relations<br \/><b><u><a href=\"mailto:Alex.Moore@ally.com\" target=\"_blank\" rel=\"nofollow\">Alex.Moore@ally.com<\/a><\/u><\/b><\/p>\n<p>\n        <span class=\"xn-person\">Cindy Kamerad<\/span><br \/>\n        <br \/>The Allen Lewis Agency<br \/><b><u><a href=\"mailto:cindy@theallenlewisagency.com\" target=\"_blank\" rel=\"nofollow\">cindy@theallenlewisagency.com<\/a><\/u><\/b><\/p>\n<p>\n        <span class=\"xn-person\">Clara Ross Stamps<\/span><br \/>\n        <br \/>TMCF<br \/><u><b><a href=\"mailto:clara.stamps@tmcf.org\" target=\"_blank\" rel=\"nofollow\">clara.stamps@tmcf.org<\/a><\/b><\/u><\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/2773115\/Ally_Financial_2025_Moguls_in_the_Making.html\" target=\"_blank\" rel=\"nofollow\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/2773115\/Ally_Financial_2025_Moguls_in_the_Making.jpg\" title=\"Moguls in the Making Logo\" alt=\"Moguls in the Making Logo\" \/><br \/>\n          <\/a>\n        <\/p>\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/1743708\/Ally_Financial_Logo.html\" target=\"_blank\" rel=\"nofollow\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/1743708\/Ally_Financial_Logo.jpg\" title=\"Ally Financial (PRNewsfoto\/Ally Financial)\" alt=\"Ally Financial (PRNewsfoto\/Ally Financial)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/edge.prnewswire.com\/c\/img\/favicon.png?sn=DE73511&amp;sd=2025-09-15\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"https:\/\/www.prnewswire.com\/news-releases\/spelman-college-wins-7th-annual-moguls-in-the-making-entrepreneurial-pitch-competition-302556575.html\" target=\"_blank\">https:\/\/www.prnewswire.com\/news-releases\/spelman-college-wins-7th-annual-moguls-in-the-making-entrepreneurial-pitch-competition-302556575.html<\/a><\/p>\n<p>SOURCE  Ally Financial<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=DE73511&amp;Transmission_Id=202509151500PR_NEWS_USPR_____DE73511&amp;DateId=20250915\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire Ally and Thurgood Marshall College Fund gathered 50 students to compete for over $200k in scholarships and prizes A team of students from Spelman College received first place for their pitch that explored the intersection of entrepreneurism and impact in Detroit through helping women-owned businesses grow Winning team from Spelman College will be featured on &#8220;The Jennifer Hudson Show&#8221; airing on Sept. 25 DETROIT , Sept. 15, 2025 \/PRNewswire\/ &#8212;\u00a0Spelman College students took top honors in the seventh annual Moguls in the Making\u00a0entrepreneurial pitch competition, where 50 students from Historically Black Colleges and Universities (HBCUs) developed innovative and impactful solutions to address economic mobility challenges in\u00a0Detroit.\u00a0The winning team will be featured on &#8220;The Jennifer Hudson Show&#8221; on Sept. &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/spelman-college-wins-7th-annual-moguls-in-the-making-entrepreneurial-pitch-competition\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Spelman College wins 7th annual Moguls in the Making entrepreneurial pitch competition&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-886393","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - 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