Application Process

Application Process

In this section, you will find everything you need to know about the Cartier Women’s Initiative’s application process and selection process. Women entrepreneurs in the initial stages of development, in any country, of any nationality and operating in any industry are welcome to submit their application. 

WE WILL START ACCEPTING APPLICATIONS FOR THE 2020 EDITION FROM 11TH JUNE 2019. PLEASE SIGN UP FOR OUR NEWSLETTER IF YOU WISH TO BE NOTIFIED BY EMAIL WHEN IT OPENS.  

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WHY APPLY?

The Cartier Women's Initiative is looking for committed female entrepreneurs heading initiatives with the potential to grow significantly in the years to come. It is a unique opportunity for early-phase women entrepreneurs to take their companies to the next level.

 

HIGHLIGHTS OF THE COMPETITION

The 21 finalists, representing the top 3 businesses from each of the 7 regions, will receive:

• One-to-one personalized business and financial coaching prior to the Awards Week

• A series of business coaching workshops and networking sessions with impact investors & the Cartier community 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

 

PRIZE MONEY

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

 

AWARDS PACKAGE

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 and/or mentoring for a year following the Awards Week to support the further growth and development of the business

APPLICATION PROCESS

ELIGIBILITY CRITERIA

 

To be considered for the Cartier Women's Initiative, the project must be a for-profit early-stage business (1 to 3 years old) led by a woman.

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 project proposals 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 1-3 years of licensed/registered operations).

Revenue generation: the business should currently be generating revenue from the sales of its product and/or service. It being understood that a business that is generating revenue is not necessarily profitable in its first years of operations.

Women leadership & ownership: 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.

Legal entry age: 18 or the age of legal majority in country of citizenship (whichever is older) on the day of the application deadline.

English: Good command of English required (both verbal and written).

 

HOW TO APPLY

 

APPLICATION PROCESS CHECK-LIST

To apply to the Cartier Women's Initiative, you only need to complete the online application form (see questions here). In the form, the supporting documentation listed below will be required from you:

 

Compulsory

• Resume

• Business registration document

• Proof of patent (if applicable)

• Latest company tax returns

• A receipt from tax authorities indicating that you have filed your tax returns (or not filed your taxes if you are exempted)

• Capitalization table

 

Optional

• Three additional attachments of your choice (logo, images of your product, press articles...)

These documents must be submitted as attachments along with your application form in the "Attachments" section and cannot be sent separately by e-mail.

SELECTION PROCESS

Evaluation Criteria

The Jury evaluates the projects based on criteria of creativity, sustainability (potential for growth) and impact.
Creativity: degree of innovation shown by the overall business concept, uniqueness of the project on the market or country where it is being developed
Financial sustainability: financial impact of the business; revenue model, development strategy and other aspects indicating its chances of long-term success and future growth
Social impact: effect of the business on society, in terms of jobs created or its effect on the immediate or broader environment
• The overall quality and clarity of the material presented

Selection Process

The selection process is divided into two rounds: the finalists' selection and the laureates' selection.

Round 1
The jury selects 21 finalists, the top three projects of each region (Latin America, North America, Europe, Sub-Saharan Africa, Middle East & North Africa, East Asia, South Asia & Oceania), on the basis of their application form. They receive coaching from experienced business people to move to the next round.

Round 2
The finalists are invited to the final round of the competition which includes submitting a detailed business plan and presenting their projects in front of the Jury during the Cartier Awards Week. Based on the quality of the plan and the persuasiveness of the verbal presentation, one laureate for each of the seven regions is selected. The announcement of the laureates takes place during the Awards Ceremony in April/May 2019.