Botox Cosmetic Announces Its 2024 Grant Program Supporting Women Entrepreneurs

Posted By Madilyn Moeller, Wednesday, February 28, 2024

Allergan Aesthetics, an AbbVie company

Allergan Aesthetics, an AbbVie company, announced that applications are open for the 2024 Botox Cosmetic grant program supporting women entrepreneurs. Botox Cosmetic partnered with IFundWomen to launch the program in 2023, and in the second year, will award a new group of 20 women entrepreneurs each with $25,000 grants to fund and grow their businesses. Additionally, Botox Cosmetic continues to support these businesses through mentorship, coaching, crowdfunding, and community.

The Botox Cosmetic x IFundWomen partnership was born of a desire to extinguish the Confidence Gap, where women feel less self-assured in the workplace and beyond. Women owned businesses represent approximately 40% of all U.S. businesses, employing approximately 12.2 million workers, and generating $2.7 trillion in revenue. And yet, there continues to be a funding disparity with less than 3% of venture capital funding going to women-led businesses in 2023 and BIPOC, women-owned businesses continuing to receive less than one percent. Additionally, on average, the loan size for women-owned businesses is 50% lower. This lack of financial support continues to expand the Confidence Gap instead of close it.

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