CARTIER WOMEN’S INITIATIVE AWARDS – 2018 – ELIGIBILITY
In order to apply, following criteria must be considered-
- The entrepreneur must be women.
- The project must be an original for-profit business creation in its initial phase (2 to 3 years old) led by a woman.
- The “for-profit” requirement means the project should be designed to generate revenues, non-profit project proposals not accepted.
- The “originality” requirement means the project should be a new concept, wholly conceived by the founder or team, and not a copy or subsidiary of an existing business.
- The “initial phase” requirement means the project should be in the first stages of its development (between 2-3 years).
- Main leadership position must be filled by a woman, good command of English required (both verbal and written).
- Legal entry age is 18 or the age of legal majority in the country of citizenship (whichever is older) on the day of the application deadline.
HIGHLIGHTS OF THE COMPETITION
The 18 finalists, representing the top 3 projects from each of the 6 regions, will receive:
• One-to-one personalized business coaching prior to the Awards week
• Series of entrepreneurship workshops, knowledge sessions and networking events during the Awards week
• Media visibility
• A place on the INSEAD Social Entrepreneurship 6-Day Executive Programme (ISEP)
• Networking opportunities through the Cartier Awards community
First prize for the 6 laureates:
• US$ 100 000 in prize money
• One-to-one personalized business mentoring
Second prize for the 12 finalists:
• US$ 30 000 in prize money
To be considered for the Cartier Women’s Initiative Awards, the project must be an original for-profit business creation in its initial phase (2 to 3 years old) led by a woman.
• The “for-profit” requirement: should be designed to generate revenues, non-profit project proposals not accepted
• The “originality” requirement: should be a new concept, wholly conceived by the founder or team, and not a copy or subsidiary of an existing business
• The “initial phase” requirement: should be in the first stages of its development (between 2-3 years)
• Main leadership position must be filled by a woman, good command of English required (both verbal and written)
• Legal entry age: 18 or the age of legal majority in country of citizenship (whichever is older) on the day of the application deadline
HOW TO APPLY
APPLICATION PROCESS CHECK-LIST
To apply to the Cartier Women’s Initiative Awards, 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:
• Scanned copy of business registration
• Proof of patent (if applicable)
• Detailed financials
• 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.
The Jury evaluates the projects based on criteria of creativity, sustainability (potential for growth) and impact.
• The creativity criterion: degree of innovation shown by the overall business concept, uniqueness of the project on the market or country where it is being developed
• The sustainability criterion: financial impact of the business; revenue model, development strategy and other aspects indicating its chances of long-term success and future growth
• The impact criterion: 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
The selection process is divided into two rounds: the finalists’ selection and the laureates’ selection.
The jury selects 18 finalists, the top three projects of each region (Latin America, North America, Europe, Sub-Saharan Africa, Middle East & North Africa, Asia-Pacific), on the basis of their application form in February 2017. They receive coaching from experienced businesspeople to move to the next round.
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 six regions is selected. The announcement of the laureates takes place during the Awards Ceremony in Singapore on April 12th, 2017.