Business Resources
P&G and Fairchild Media Group Launch Diversity Fund For Beauty, Fashion & Wellness Founders
Applications are due March 7.
P&G and Fairchild Media Group just launched a fund for beauty brands and entrepreneurs. The new Fairchild Founders Fund: Diversity Equity and Inclusion will award one winning business a $15K grant, business mentorship from P&G Beauty, and a feature on WWD Digital Daily E-Reader and on WWD.com.
[SEE ALSO: March Grants & Resources For Black-Owned Beauty Brands]
The program is open to start-up and entrepreneurial brands, agencies, retailers, and suppliers in fashion apparel, footwear, beauty, and wellness.
“We’re proud to be partnering with P&G Beauty, a global leader of industry who has consistently upheld its commitment to supporting equality and inclusivity for their consumers, business partners, and the industry overall,” said Amanda Smith, Fairchild Media Group President in a recent statement. “We are excited to see the ideas and innovations that this program helps spotlight and look forward to the opportunities it presents.”
The Fairchild Founders Fund aligns with P&G’s “Responsible Beauty” commitment to being a positive force for beauty and business in the world.
“P&G Beauty is committed to enabling equity and inclusivity for all: the more we can raise each other up, the more we will all rise together,” said Kelly Vanasse, Chief Communications Officer, P&G Beauty. “We’re excited about the opportunities for growth we can enable through our partnership with Fairchild’s Founders Fund.”
The selection process includes a review of applicants from a council of industry leaders, including executives from P&G Beauty, WWD, and Beauty Inc. Ideal applicants and brands will have an existing DE&I program in place, with a founder who is of a diverse race, gender, ethnicity, age, sexual orientation, nationality, socioeconomic status, or disability.
Three finalists will then be invited to pitch their business to attendees and a council of executives chosen specifically to determine the winner at the Virtual Diversity Forum on March 23.
Applications are open now at www.research.net/r/Foundersfund.
***UPDATE***
The application deadline has been extended to March 24, 2022. Winners will be notified on or before April 7, 2022.
