Supporting female entrepreneurships since 2006, the Cartier Women’s Initiative revealed the seven laureates who have been selected among 1200 applicants from 162 countries
June 16th, 2020. Via livestream the Cartier Women’s Initiative revealed the seven laureates who have been selected among 1200 applicants from 162 countries. Since 2006 the initiative features females whose businesses are laid out to make a change in the world, promoting health and well-being, the reduction of inequalities, or sustainability. The program has accompanied 240 female entrepreneurs hailing from 56 countries ever since its creation, awarding over one million US Dollars each year.
«Creating opportunities for women and empowering them is not only what we believe is right, but it also tells who we are: a Maison both anchored in reality and open to the world, thus aware of our responsibility», says Cyrille Vigneron, President and CEO of Cartier International.
The Cartier Women’s Initiative was established in 2006 in cooperation with the INSEAD Business School. INSEAD – represented in Europe, Asia, the Middle East, and North America – brings together people, cultures, and ideas to develop leaders that impact and transform business and society today. The Hoffmann Global Institute for Business and Society, a third partner involved in the initiative, aligns the INSEAD with the UN Sustainable Development Goals.
Through the partnership with Cartier, female entrepreneurs are provided with financial, social, and human capital support to help them grow their business while manifesting their leadership capabilities. The seven laureates of 2020 include entrepreneurs from Australia, China, Egypt, Nigeria, Denmark, the USA, and Mexico. Each business owner received $100,000 to fund their companies. An additional 14 finalists received a $30,000 award.
As a result of the pandemic, the annual Cartier Women’s Initiative Awards ceremony had to be canceled this year. «Though this year’s awards ceremony was canceled, we are excited to celebrate next year’s edition – which will include recognition of our CWI 2020 fellows, in Boston – marking the 15th anniversary of the Cartier Women’s Initiative», announced Mercedes Abramo, president, and CEO of Cartier North America.
To expand the impact of the program, Cartier decided to recognize three more entrepreneurs. From 2021, female business owners can be awarded the Science & Technology Pioneer Award, a category to support women impact entrepreneurs at the forefront of innovation in science and technology. Each of the laureates and 16 finalists will be offered support on strategic financial thinking, mentoring, media visibility, and international networking opportunities, as well as the opportunity to join an INSEAD executive education program on scaling social impact.
«More than ever, we remain committed to use our voice and support those who are trying to make the world a better place».