Rent the Runway Foundation and UBS have detailed plans for their second year of Project Entrepreneur.
Project Entrepreneur is a venture competition for women-led firms. The competition is open to businesses that are in the prototype or beta stages, or that may have their first paying customers. The top 200 applicants will be invited to attend a two-day PE Weekend intensive series of workshops in New York next year slated for April 7 and 8. Following a live pitch competition for 12 finalists, the top three teams will each receive a $10,000 cash prize and a spot in a five-week accelerator program hosted at Rent the Runway’s New York office.
Jennifer Hyman, chief executive officer and cofounder of Rent the Runway, said, “We were so inspired by last year’s Project Entrepreneur participants and the incredible momentum the three winning companies have experienced since completing the accelerator program. We can’t wit to give more incredible women-founded companies the resources they need to scale and achieve high impact.”
Lori Feinsilver, head of community affairs, UBS Americas, said, “Our goal this year is to continue leveling the playing field for all innovators so that everyone has the opportunity to realize the impact of their work,” noting that entrepreneurs are the driving force behind job creation and how women remain underrepresented in the founder landscape.
This year’s program in April included designer Rebecca Minkoff as a judge for the live pitch competition. While fashion data firm Claire didn’t win the pitch competition, the start-up won anyway. It was selected to accelerate at Minkoff’s offices.
Online submissions for consideration for the program at projectentrepreneur.org will end Nov. 21, 2016.