WomensNet News

Earn a $5,000 Grant Toward Your Business Education

October 24th 2019

Early-stage woman-owned businesses looking for educational support should consider applying to be a Tory Burch Foundation Fellow. Applications are due by November 19, 2019.

Up to 50 Tory Burch Foundation Fellows will be selected and asked to commit to participate in a one-year program that includes:

  • A $5,000 grant to be invested in their business education.
  • A five day visit to the Tory Burch campus in Jersey City, New Jersey, paid for by the Foundation. During the visit, Fellows will participate in experiential learning workshops on entrepreneurship and leadership development led by guest experts.
  • Additional educational programs and networking events.
  • Ten Fellows will be invited to pitch their businesses to potential investors.

The educational opportunity can be a workshop, conference, class, or other event.

To apply, you must:

  • Be a woman business owner and own a majority stake in the for-profit company, which is between one and five years old (considered early stage)
  • Be an active owner, meaning involved in the business on a daily basis
  • Be over the age of 21
  • Be generating at least $75,000 in revenue through the business
  • Be proficient in English
  • Be a legal resident of the US

As part of the application, be prepared to share your résumé, business plan, personal statement, and know how you want to spend the $5,000 educational grant.

According to the Fellows website, judges “will take into consideration multiple factors including how your business creates positive and lasting impact, what unique factors differentiate your business, what problems you are trying to solve for, how your business reflects your passion, the substance and quality of your business plan, what obstacles you have overcome, and your investment opportunities.”

The 2019 Tory Burch Fellows learned from experts that included authors Seth Godin and Kelly Hoey, Instagram’s Emilie Fife, PureWow’s chief content officer Mary Kate McGrath, and The Muse co-founder and CEO Kathryn Minshew. They visited area companies and tapped into the network and expertise of other Fellows.

To be considered, complete the free application online.

Decisions will be made in April 2020 and Fellows contacted at that time.

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What people are saying about WomensNet

Forbes

“You have to be in it to win it...seize the opportunity and apply.”

Nerd Wallet

“The Foundation awards $10,000 to a different women-owned business every month. At the end of each year, one of the 12 grant winners is awarded an additional $25,000.”

Score

“Launched 20 years ago this grant honors the memory of a young woman who wanted to be an entrepreneur but died at age 19 before she could achieve her goal.”

Fundera

“The Amber Grant Foundation was launched in 1998 to honor the memory of a young woman. The grant was formed to help women entrepreneurs reach their goals when Amber could not.”