Business accelerator from Millionaire Mastermind Academy is now accepting
applications for 2023 spring program.
Phoenix, Ariz. – Designed to make an impact for Black-owned businesses in the new
year and beyond, IMPACT AZ 2025 focuses on supplier diversity readiness to close the
racial wealth gap for diverse business owners. The Millionaire Mastermind Academy
program is accepting applications from serious entrepreneurs interested in a solutions-
driven accelerator program that will help them grow business with corporations, expand
customer discovery and market validation, and enhance financial management and
IMPACT AZ 2025 is the first direct response to the State of Black Business Report,
which highlighted both the financial gaps in this community as well as the opportunity:
The Black community is fastest-growing demographic in Arizona, with 33% growth from
2010 to 2020. The nine-month program is a collaboration between the Millionaire
Mastermind Academy, a leading nonprofit organization that has mentored more than
8,000 diverse women entrepreneurs while addressing barriers to economic mobility, in
conjunction with the Arizona Black Chamber of Commerce.
“While Arizona continues to grow its commitment to diverse business ownership,
institutional barriers to success such as lack of access to capital and quality business
trainings are still a reality. That’s what we’re here to change,” said Dr. Velma Trayham,
founder of the Millionaire Mastermind Academy. “This unique program invites more
voices to the table and more support in developing and realizing entrepreneurial goals.”
Applications opened Jan. 10 with a deadline of March 15. The initial accelerator
program will kick off April 24. The Millionaire Mastermind Academy’s Scottsdale, office,
located at Arizona State University’s Skysong 3, will provide a physical space for
entrepreneurs to meet with mentors and corporations part of the Supplier Diversity
program. The space will also support collaboration, networking opportunities and round
table discussions for business growth.
By 2025, the initiative aims to expose more than 25,000 individuals to entrepreneurship
opportunity and education, a minimum of 50 businesses awarded contracts with
companies for supplier diversity while empowering more than 200 new businesses to
launch and more than 500 established businesses to grow their employee base.
IMPACT AZ 2025 is targeting the food service, real estate, beauty/fashion, technology,
professional services, retail and trade, and manufacturing industries.