Overview
Sephora, a leading cosmetics company, has joined forces with the Fifteen Percent Pledge to offer a substantial $100,000 grant to support a Black business owner within the beauty industry.
This initiative, known as the Sephora Beauty Grant, stems from a collaborative effort between the retail giant and the Fifteen Percent Pledge. The primary objective is to foster the expansion of a Black entrepreneur and their beauty brand. To be eligible for consideration, the business must demonstrate an annual revenue of at least $100,000 and a track record of operating for a minimum of two years. Interested candidates can submit their applications now, and additional details, including eligibility criteria, can be found here.
Eligibility
- Member of the Fifteen Percent Pledge's Business Equity Community, brands MUST sign up and submit full business details to enter the award application portal.
- Business sells a product and has annual revenue of at least $100K or more
- Black-owned: At least one self-identifying Black person with 50% or more equity in the company
- Has between 3-15 employees, including the founder
- Fosters inclusivity and showcases community impact by pushing against systemic infrastructures that have not prioritized unique consumer needs
- Businesses must sell a CPG product:
- Must sell a product in at least one of the following categories: Beauty, Haircare, Makeup / Makeup tools, Skincare, Fragrance, Bath & Body, Must be in business for at least 2 years
For more information visit: About the Award - Fifteen Percent Pledge (15percentpledge.org)
