2023 Cartier Women’s Initiative Award for Women Entrepreneurs Worldwide
Deadline: June 30, 2022.
The Cartier Women’s Initiative is an annual international entrepreneurship program that aims to drive change by empowering women impact entrepreneurs. Founded in 2006, the program is open to women-run and women-owned businesses from any country and sector that aim to have a strong and sustainable social and/or environmental impact.
Their regional and thematic awards recognize and fund talented impact entrepreneurs from around the world who are leveraging business as a force for good.
They are constantly looking for ways to extend opportunities to more impact entrepreneurs worldwide. For the 2023 edition, we have added two new regional categories: Francophone Sub-Saharan Africa and Oceania.
A Diversity, Equity & Inclusion Award has been created to encourage entrepreneurial solutions designed to close gaps of access, outcome or opportunity for communities that have been underrepresented or underserved. While the other regional and thematic awards of the Cartier Women’s Initiative focus on supporting women, this pilot award is open to all genders.
Thematic awards are open to impact entrepreneurs from any country and sector. For each edition, three fellows will be selected for each of the two thematic awards below:
- SCIENCE & TECHNOLOGY PIONEER AWARD: Launched in 2021 and open to women impact entrepreneurs from any country and sector, this award highlights disruptive solutions built around unique, protected, or hard-to-reproduce technological or scientific advances.
- DIVERSITY, EQUITY & INCLUSION AWARD: Open to all genders, this new thematic award has been created for the 2023 edition to encourage entrepreneurial solutions designed to close gaps of access, outcome or opportunity for communities that have been underrepresented or underserved.
The Regional Awards of the Cartier Women’s Initiative are looking for women-run and women-owned impact-driven businesses. Entrepreneurs across all sectors and geographies are encouraged to apply.
To be considered for the Regional Awards, the applicant and her business must meet the following eligibility criteria:
A. For-profit: The business should be designed to generate sufficient revenue to support its operations and return some level of profit to its owners. Non-profit enterprises are not eligible.
B. Early-stage: The business should have a proven business model and be in the initial phase of its development and growth (between 1 and 6 years of licensed/registered operations as of the date of application). This means that businesses applying to the 2023 edition must have been incorporated between June 2016 and June 2021.
C. Revenue generation: The business should be generating revenue from the sales of its products and/or services for at least 1 year as of the date of application. For businesses applying to the 2023 edition, this means that they need to have been generating revenue since June 2021. It is understood that a business that is generating revenue is not necessarily profitable in its first years of operations.
D. Fundraising: The business should not have raised more than US$2 million in dilutive funding as of the date of application. Dilutive funding is any kind of funding that requires you to give away a piece of your company, including not only future profits, but possibly control. The Regional Awards cap the funds raised in order to ensure that the businesses selected fall within a similar range of development. Please note that businesses that have not raised any external funding are also welcome to apply.
E. Positive impact: The business should demonstrate that it has realized strong positive impact in its industry and that it has the potential to realize even more impact down the road. It should contribute to at least one of the United Nations Sustainable Development Goals (SDGs). The SDGs are a collection of 17 global goals set by the United Nations General Assembly in 2015 for the year 2030. The SDGs are a call for action by all countries to promote prosperity while protecting the environment. They cover a series of social, economic, and environmental development issues.
F. Leadership: The applicant must be a woman and she must fill one of the main leadership positions, for example as CEO, COO, CTO, General Manager, or Managing Director of the business.
G. Ownership: The business must be majority owned by its founders and team members at the time of application. The applicant must be part of the founding team. Moreover, at least one of the business’s founders must be a woman and a woman and/or multiple women must be the largest shareholder(s) of founder equity (not total equity) in the business or own a share at least equal to that of her/their male co-founder(s).
H. Legal entry age: The applicant must be at least 18 years of age on the day of the application deadline (June 30, 2022).
I. English proficiency: A good command of the English language is required (both verbal and written).
The fellows, representing the top three businesses from each of the nine regions, will receive:
A. FINANCIAL CAPITAL SUPPORT
• US$ 100,000 grant for each first-place awardee
• US$ 60,000 grant for each second-place awardee
• US$ 30,000 grant for each third-place awardee
B. HUMAN CAPITAL SUPPORT:
Their fellowship program focuses on several key areas of human capital support for women impact entrepreneurs and offers a combination of 1:1 training and collective workshops.
• 1:1 training in financials, storytelling, impact measurement, etc.
• 1:1 advice sessions with subject matter experts in the Cartier Women’s Initiative community
• Community peer learning sessions
• Online and in-person leadership communications and media training workshops
• Online knowledge sessions, group coaching, and in-person INSEAD Social Entrepreneurship Program and/or INSEAD Executive Education Program (pending admission based on INSEAD’s eligibility criteria and selection process)
• 1:1 leadership capacity executive coaching by The Coaching Fellowship
C. SOCIAL CAPITAL SUPPORT:
Throughout the program, we strive to highlight the social and environmental impact created by our fellows and bridge connections between women impact entrepreneurs and their supporters.
• International exposure & media visibility
• Access to an online & offline community of 500+ experts and peers
• Ongoing support for the development of the fellows’ businesses