The 2020 Cartier Women’s Initiative program has named 21 female entrepreneurial finalists, including three women from North America, who will compete to become one of seven laureates. More than $1.1 million in prize money will be distributed among these women business owners.
The annual international business competition was created to identify, support and encourage projects by women entrepreneurs. It was founded in 2006 by Cartier in partnership with the INSEAD Business School. It is open to women-run and women-owned businesses from any country and sector that aim to have a strong and sustainable social or environmental impact. Since its inception, the program has supported 240 promising female entrepreneurs from 56 countries and awarded more than $3 million to support these businesses.
A total of 21 finalists representing seven global regions were selected among 1,200 applications from 162 countries. It is the first time that countries such as Australia, Benin, Denmark, New Zealand and Sweden are represented in the program.
The seven winners, known as laureates, from each region will take home $100,000 in prize money; the second and third runner-ups will each receive $30,000. Finally, the seven laureates and 14 finalists will all benefit from financial advisory services, one-on-one strategy coaching, media visibility and international networking opportunities, as well as a place on an INSEAD executive education program. The three finalists from North America and their businesses are:
* Stephanie Benedetto, founder of Queen of Raw, N.Y. The company buys and sells unused textiles, via the Queen of Raw online marketplace, keeping them out of landfills and making the world a less wasteful place.
* Kelly Nguyen of IDLogiq, Santa Clara, Calif. This firm empowers patients to proactively verify, authenticate and manage medications with a single mobile scan using strong cryptographic identity authentication, real-time tracking and intelligent medication management.
* Sarah of Tuneberg, Geospiza, Denver, Col. This company analyzes and visualizes risk for climate-exposed organizations, enabling decision-making during times of uncertainty.
The seven laureates will be announced in early June 2020.
“Creating opportunities for women and empowering them is not only what we believe is right, it also tells who we are: a Maison both anchored in reality and open to the world, thus perfectly aware of our responsibility,” said Cyrille Vigneron, president and CEO of Cartier International. “It’s a responsibility all the more important given these uncertain times. At Cartier, we believe it is crucial to support young businesses and start-ups through to a more stable period. And this is what we intend to keep doing, fully aware that these women are making a concrete and durable impact, therefore paving the way for a better future.”
In a previous life He was an award-winning daily newspaper reporter who moved to business and trade magazines and who now specializes in high jewelry and watches for publications around the world. His first magazine job was with a design and architecture trade publication where he received a first-hand education and appreciation of how good, innovative design can make the world a better place. It’s something he takes with him while traveling the world and writing about the finer things in life. In addition to this blog, you can find him at his “Jewelry News Network” blog and facebook page, on Instagram @jewelrynewsnetwork and on Twitter @jewelrynewsnet.
Disclosure: Smita Nair Jain has nothing to disclose. She doesn’t own stock in any publicly traded companies and does not hold investments in the technology companies. She has equivalent of the American 401(k) plan in India that is automatically managed. (Updated: June 14, 2020)
Disclaimer: The opinions, beliefs and viewpoints expressed by the various author(s), publisher(s) and forum participant(s) on this web site do not necessarily reflect the opinions, beliefs and viewpoints of the @SmitaNairJain or official policies of the #SmitaNairJain
Stay Connected (Take A Minute To Follow Me On Social Media)