ELIGIBILITY CRITERIA
The Cartier Women’s Initiative is looking for women-run and women-owned impact-driven businesses. Entrepreneurs across all sectors and from around the world are encouraged to apply.
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 registered between August 2015 and August 2019. Moreover, we 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.
