The Cartier Women’s Initiative is looking for committed women entrepreneurs heading businesses with the potential to grow significantly in the years to come. It is a unique opportunity for them to take their companies to the next level.
Eligibility and Criteria.
To be considered for the Cartier Women’s Initiative, the business must meet the following eligibility criteria:
• The business should be designed to generate sufficient revenues to support its operations and return some level of profit to its owners. Non-profit project proposals are not accepted.
• The business should have a proven business model and be in the initial phase of its development and growth (between 1 and 5 years of licensed/registered operations). We are focused on companies that are majority owned by founders and employees at the time of application.
• The business should currently be generating revenue from the sales of its products and/or services for at least 1 year as of the date of application. It being understood that a business that is generating revenue is not necessarily profitable in its first years of operations.
• The business should not have raised more than US$2 million in dilutive funding. The Cartier Women’s Initiative caps the funds raised in order to ensure that the businesses selected fall within a similar range of development.
• The business should meet at least one of the United Nations Sustainable Development Goals (SDGs).
• The main leadership position must be filled by a woman either in the capacity of Director, General Manager or CEO. She must also own significant stake within the company. The ownership of the business is evaluated based on the position of the candidate in relation to other stakeholders.
• The lead entrant must be 18 or the age of legal majority in country of citizenship (whichever is older) on the day of the application deadline.
• A good command of the English language is required (both verbal and written).
• The lead entrant must commit to dedicating 3 – 4 hours/week virtually from January to April to participate in the Cartier programme, can commit to submitting deliverables on time, and can attend 1 week of in-person workshops in early May (exact date TBC).
Awards and Benefits.
The 21 finalists, representing the top 3 businesses from each of the 7 regions, will receive:
- One-to-one training prior to the Awards Week
- A series of business coaching workshops and networking sessions during the Awards Week
- Media visibility for the finalists and their businesses in the months leading up to the Awards Week and interview opportunities with local & international press during the Awards Week
The 7 laureates (1 from each region) will receive:
- US$ 100 000 in prize money
The 14 finalists (the two runners-up from each region) will receive:
- US$ 30 000 in prize money
In addition to the prize money, all 21 finalists will be awarded:
- A scholarship to attend the six-day INSEAD Social Entrepreneurship Executive Education Programme (pending admission to the programme based on eligibility criteria and selection process)
- Ongoing support for the further growth and development of their business
How To Apply
To apply please click here