Clothing retailer Eileen Fisher is providing support to business owners with its Business Grant Program for Women Entrepreneurs.
The program seeks applicants from wholly women-owned businesses that combine the principles of social consciousness, sustainability, and innovation to create new businesses or invigorate existing ones. In addition to those key social principals, applicants must have a solid business plan and a strategy for long-term growth.
Five grant recipients are awarded $12,500, mentoring from internal Eileen Fisher teams, and a trip to New York City for a three-day workshop with committee members and past grant recipients.
Company founder Eileen Fisher has said she wants to encourage women entrepreneurs and firmly believes that business can be used to create social change, even if the economic climate is uncertain.
Established businesses and startups are eligible for grants. An established enterprise will have been in business at least three years and be ready to develop the next stage of its business plan. A startup (in business less than three years) will be evaluated on its business plan, the ability to show how the grant money will enhance the growth of the business at this time, and financial documents that demonstrate the current health and future potential of the business.
Only for-profit businesses and for-profit/nonprofit hybrid businesses (social enterprises) are eligible for grants. The deadline for submissions is 11:59 p.m. EST on May 15.
The Eileen Fisher Business Grant Program for Women Entrepreneurs was launched in 2004 with a single grant to commemorate the company’s 20th anniversary. Since then, five grants have been awarded each year.
To apply for a grant, click here.