NEW YORK, NY – May 6, 2019 – L'Oréal USA today announced a call for applications for the 2019 Women in Digital NEXT Generation Awards, a program—now in its seventh year—that supports female leaders who are set to revolutionize the beauty industry. The 2019 Women in Digital NEXT Generation Awards are presented in partnership with Alice, the AI-powered platform for entrepreneurs. This year’s program will award three female founders with grants of $25,000 each and foster a community to help creative, ambitious entrepreneurs scale their businesses and transform the beauty experience.
“L’Oréal has always been committed to empowering women, and we have seen that female founders often face unique challenges when scaling their businesses,” said Rachel Weiss, VP, Digital Innovation and Entrepreneurship at L’Oréal USA. “It’s for this reason that this program centers around the most crucial needs for women entrepreneurs: funding, mentorship, and community. Women in Digital aims to help fuel the businesses that are defining the future of beauty.”
L’Oréal USA welcomes female founders and executives who have spearheaded meaningful new technologies and interfaces, beauty services, retail experiences and digitally native brands that address the needs of the modern beauty consumer.
How to apply:
- Join the L’Oréal USA Women in Digital community on the Alice platform—a network for applicants, founders and former winners alike. This community will provide centralized resources for founders.
- Complete the NEXT Generation Awards application.
- Get involved in the Women in Digital community in the lead-up to the winner selection.
Women in Digital on Alice: A robust community for everyone, with access to year-round resources
L’Oréal USA knows the importance of community for entrepreneurs, and for that reason, it is activating the Women In Digital community on the Alice platform to be a year-round resource for all participating entrepreneurs from all over the United States. This program is about much more than a financial reward: it is an opportunity to bring together some of America's brightest entrepreneurial minds to share resources and scale their businesses.
- Every applicant of the Women in Digital NEXT Generation Awards will receive guidance, support, mentorship and opportunities, regardless of whether they are selected as a finalist.
- All applicants will be invited into the L’Oréal Women in Digital community on Alice, which provides access to peer-to-peer mentorship, business coaching, resources to scale, discounts on services and connections to enterprise partners and media.
“L'Oréal USA's Women in Digital program is an incredible example of what can happen when large companies put their money, influence and expertise directly into the hands of women entrepreneurs,” said Elizabeth Gore, president and chairwoman, Alice. “At Alice, our data tells us that capital is the number one need for women entrepreneurs, and this initiative is directly filling that need. We also know that women make around 90% of household purchasing decisions, so who better to innovate the beauty industry than women?"
An expert panel of judges, comprised of industry veterans
Applications will be reviewed by an expert panel of ten judges: five executives from within L’Oréal—including Carol Hamilton, Group President of Acquisitions for L’Oréal USA, and Lisa Price, the founder of Carol’s Daughter—and five industry experts from the beauty and tech industries at large, including Kirsten Green, founding partner of Forerunner Ventures, and Kat Manalac, partner at Y Combinator.
Previous Women in Digital winners include Kathryn Minshew, founder of The Muse, Morgan DeBaun, founder of Blavity, and Doreen Bloch, founder and CEO of Poshly.com, among other leading entrepreneurs.
Applications are open now through June 12, 2019. Finalists will be announced in September 2019. For more information and to apply, visit www.lorealwomenindigital.com.