Tommy Hilfiger announces launch its third annual global Tommy Hilfiger Fashion Frontier Challenge, supporting entrepreneurial startup and scale-up stage companies developing solutions and making the fashion landscape more inclusive.
Its mission according Tommy Hilfiger, is creating a fashion that Wastes Nothing and Welcomes All. The fashion frontier challenge will support entrepreneurs who are standing up for what they believe in and are committing to driving change in their communities.
The prizes for winners of the Tommy Hilfiger Fashion Frontier Challenge aim at ﬁnancing and providing knowledge to grow their business ideas.
Launched in 2018, the third edition of the this fashion challenge endeavours to support black, indigenous and people of color entrepreneurs, especially those working to advance their communities and nurture a more inclusive future of fashion.
After the outdooring of the initiative Mr Tommy Hilger said that,
“I have been inspired by this talented group of social entrepreneurs whose innovations are making the fashion landscape more inclusive and sustainable.”
All interested fashion entrepreneurs are welcome to submit their applications which focus on creating an inclusive fashion value-chain.
Successful applicants are going to be narrowed down to six finalists and invited to virtually develop their project plans with the assistance of dedicated Tommy Hilfiger and external subject matter experts. There will be coaching from an experienced pitch coach, and the finalists will pitch their final concept to a prestigious jury panel and associate audience at the worldwide Tommy Hilfiger Fashion Frontier Challenge final event, slated for early 2022.
What does Tommy Hilfiger consider a startup and a scale-up?
The Startup: The business should be in its early stages, it’s yet to reach product-market fit, still experimenting with customer segmentation and working toward overall positive contribution margin but you are making some revenue.
The Scaleup: The company has a validated product with product-market fit with a clear and sustainable unit economics (outlook), and it is in a growth-mode. You must have made revenue for at least a year.
- After applying, successful applicants will be notified in June 2021 to progress to the second round of the Tommy Hilfiger Fashion Frontier Challenge.
- Once selected, participants provide additional information regarding their business enterprise, including a one-minute pitch video.
Note: Applications should be in English and business pitch also in English.
Progressing further will be six (6) finalists who are invited to further develop their business or project plans during a digital Design Sprint with the support of a team of dedicated internal Tommy Hilfiger associates and external specialists in October 2021.
Each finalist will pitch their concept at the global Tommy Hilfiger Fashion Frontier Challenge final event in early 2022, with a chance to win the prize package.
The Prize Package
- Win up to €200,000 and a chance at an additional €15,000 prize for winning the “Audience Favorite Vote”
- A year-long mentorship with Tommy Hilfiger’s internal experts globally and access to Tommy Hilfiger’s network brand association
- A place on the INSEAD Social Entrepreneurship Program (ISEP)
- Year-long INSEAD mentorship
The Tommy Hilfiger Fashion Frontier Challenge application closes at midnight of 8th March, 2021.
The Africa Startup Initiative Program In Search of 10 Startups Disrupting the Tech Space. Get €15K in Cash
The Africa Startup Initiative Program (ASIP) by Startupbootcamp AfriTech is looking for the nextgen of startups disrupting industry sectors including FinTech, InsureTech, AgriTech, eCommerce, Digital Health, and CleanTech.
This programme is ideal for startups with a mobile tech focus. It is currently backed by anchor partner Telecel Group and additional corporate partners are lining up to engage with startups through pilots and Proof of Concepts projects that can open the doors for longer term commercial agreements.
According to Africa Startup Initiative Program (ASIP), it intends scouting within the next month and the corporate Founding Partners will help determine the key focus areas of the startup applicants.
Corporate Partners are also invited to join the selection committee which determines the final 10 startups that participate in the 3 month ASIP Accelerator Program. This is a unique opportunity to bring startup innovation into your organization, and SBC AfriTech will help facilitate successful pilot projects with your organization.
Since 2017, the programme has accelerated 29 African startups that have set an incredibly high standard for the next program, where 90% are still operating and scaling at impressive rates, 40% have raised follow-on rounds of funding and 50% of the startups raising capital have closed rounds at valuations more than 10 times since Demo Day.
Applications will soon open and the 10 startups in the program will receive benefits valued at more than €500,000, including credits from AWS, Google Cloud Services, and many more. SBC also invests €15,000 in cash.
Other benefits in the Africa Startup Initiative Program include;
Investor Access – Where you meet the most active VCs and Angel investors in your industry from around the world
Masterclasses – Expert-led sessions covering all scaling fundamentals – from business model canvas, lean methodology to fundraising
Living Expenses – €15,000 in cash per team to cover living expenses during the program. Find out more on the benefits.
Applications to the Africa Startup Initiative Programme will open on 15th March and close on the 25th April. Demo Day is 23rd of September, 2021. NOTE: StartupBootcamp takes 8% equity in the companies. Find out more.
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