The call for applications for the 2021 Cartier Women’s Initiative Award is now open! The Cartier Women’s Initiative is looking for women-run and women-owned impact-driven businesses from across the world.
The Cartier Women’s Initiative is an annual international entrepreneurship programme that aims to drive change by empowering women to impact entrepreneurs. Founded in 2006, the programme 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.
In addition to the 7 existing Regional Awards, the initiative has launched the Science & Technology Pioneer Award, a new thematic category for the 2021 edition that aims to support women impact entrepreneurs at the forefront of scientific and technological innovation.
Regional Awards: Every year, the Regional Awards recognise 21 talented women impact entrepreneurs who are leveraging business as a force for good. These women hail from seven regions across the globe: Latin America & the Caribbean, North America, Europe, Sub-Saharan Africa, Middle East & North Africa, East Asia and South Asia & Oceania. Three finalists are selected per region during the first round of evaluation and one laureate is selected per region during the second round of evaluation. Each of the 7 laureates is awarded US$ 100,000 in grant whereas each of the14 remaining finalists (second and third runner-up for each region) receives US$ 30,000 in grant.
Science & Technology Pioneer Award: As of the 2021 edition, three more women impact entrepreneurs at the forefront of scientific and technological innovation will be recognised for this new thematic award. Open to women entrepreneurs from any country and sector, this award will highlight disruptive solutions built around unique, protected, or hard-to-reproduce technological or scientific advances. The laureate will be awarded US$ 100,000 in grant whereas each of the two remaining finalists will receive US$ 30,000 in grant.
Their vision is a world in which every woman impact entrepreneur driving change can achieve her full potential. Their mission is to shine a light on these women and provide them with the necessary financial, social and human capital support to grow their business and build their leadership skills.
Location: United States
- Regional Awards: Each of the 7 laureates is awarded US$ 100,000 in grant whereas each of the14 remaining finalists (second and third runner-up for each region) receives US$ 30,000 in grant.
- Science & Technology Pioneer Award: The laureate will be awarded US$ 100,000 in grant whereas each of the two remaining finalists will receive US$ 30,000 in grant.
HUMAN CAPITAL SUPPORT
- Their fellowship programme focuses on several key areas of human capital support for women impact entrepreneurs, including developing a strategic financial mind-set, speaking to inspire and scaling social impact.
- Community peer learning sessions
- Strategic financial mind-set’ module that aims to support fellows in building their roadmap for growth
- Speaking to inspire’ communication module that focuses on leadership presence and media training
- Strategy mentoring module developed by our academic partner INSEAD business school that supports fellows in refining their business strategies
- A scholarship to attend a one-week INSEAD Social Entrepreneurship Programme pending admission based on INSEAD’s eligibility criteria and selection process.
SOCIAL CAPITAL SUPPORT
- Throughout the programme, they 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
To be considered for the Regional Awards, the applicant’s business must meet the following eligibility criteria:
- For-profit: the business should be designed to generate sufficient revenues to support its operations and return some level of profit to its owners. Non-profit enterprises are not accepted.
- Early-stage: 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). For the 2021 edition, we are looking for businesses that have been incorporated between August 2015 and August 2019. Moreover, they are focused on companies that are majority-owned by founders and employees at the time of application.
- Revenue generation: 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 is understood that a business that is generating revenue is not necessarily profitable in its first years of operations.
- Fundraising: the business should not have raised more than US$2 million in dilutive funding. 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.
- Impact: the business should meet 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.
- Leadership: A woman must fill the main leadership position, for example as CEO, General Manager or Director of the company.
- Ownership: The founder needs to be a woman and she must be the largest shareholder of founder equity in the company or own a share at least equal to that of her cofounder(s).
- Legal entry age: The lead entrant must be 18 on the day of the application deadline (July 31, 2020).
- English proficiency: A good command of the English language is required (both verbal and written). We require the Common European Framework of Reference Level B2 or above. This level requires an understanding of the main ideas of complex text, technical discussion in business and your field of specialisation, and an ability to interact with fluency and spontaneity with native speakers.
- Time commitment: The applicant must commit to participating in the fellowship programme from February 2021 to November 2021. She will be expected to dedicate up to 4 hours/week virtually to the programme from January 2021 to May 2021 and up to 2 hours/week virtually from June 2021 to November 2021. In addition to the virtual programming, the applicant will also be expected to attend two weeks of in-person training: one week from May 21st to May 28th 2021 and one week in November 2021.
Eligible Regions: Latin America & the Caribbean, North America, Europe, Sub-Saharan Africa, Middle East & North Africa, East Asia, South Asia & Oceania and open for all women for Science & Technology Pioneer Award