Black Business Residency
2025 Applications
The Black Business Residency is currently closed for applications
Developed in partnership with DOES and sponsored by Morgan Stanley, the Black Business Residency at Somerset House aims to help early-stage Black entrepreneurs that have an impactful creative idea that embraces innovation, pushes boundaries, and pioneers new ways of thinking, unlock their full potential and allow their creative enterprises to thrive.
Black Business Residency – formerly the Black Business Incubator – is a twelve-month programme that provides founders access to Somerset House Exchange coworking space and become part of a dynamic and diverse mix of creative talent. We believe entrepreneurial success relies on being part of a supportive and inclusive creative community, and our hybrid programme provides participants with monthly expert-led masterclasses, mentorship from industry specialists as well as a variety of networking events.
“Being a part of the Black Business Residency programme has been transformative. It has not only enhanced my entrepreneurial skills but also instilled a greater sense of confidence and resilience.”
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Key achievements of the Black Business Residency programme to date:
- 70% of creative entrepreneurs have increased their business opportunities
- Two thirds of participants improved their network
- 72% of entrepreneurs have gained new skills
- 72% of participants are more aware of the opportunities in the creative sector