The Kate Spade & Co. Foundation will provide an $89,000 grant to 1776, a global business incubator, to create 10 fellowship seats for women entrepreneurs aimed at promoting the creation of community-transforming, women-led businesses.
The fellows will be based at 1776’s Brooklyn Navy Yard campus in the newly created Kate Spade & Co. Foundation Lab, which serves as a hub for its chosen fellows and additional thought leaders. Through its physical campuses and digital Union network, 1776 empowers start-up ecosystems around the world to solve complex problems.
The Kate Spade & Co. Foundation’s grant will provide 10 select women entrepreneurs with tailored programming, resources and mentorship across a broad range of industries as they build their businesses. The fellows will have full access to 1776’s Brooklyn campus and will participate in classes, seminars and leadership training, as well as have access to the broader community through 1776’s Union platform, which will help them build their networks globally. The fellowship is expected to connect female founders with the tools they need to succeed and better enable them to overcome the challenges currently facing female entrepreneurs.
Valerie Biberaj, director of the Kate Spade & Co. Foundation said, “The Kate Spade & Co. Foundation’s mission is to empower women to transform their communities, and we deeply believe in connecting female founders with the best-in-class resources, mentors and programming they need to succeed. Our new grant is yet another extension of our commitment to providing career empowerment opportunities to talented women.”
The Kate Spade & Co. Foundation focuses its grants around three pillars: Women in entrepreneurship, women in the arts and women in technology in the New York City area. These grants help empower underserved communities of women to find a trade through their own business or career path.