Introducing The Enterprise of Magnificence International Awards

As the sweetness trade continues to increase into frontier markets, as buyer preferences evolve and as scientific and technological developments supply new product formulations, entrepreneurship within the world magnificence trade is flourishing.

However competitors is hard. For each new magnificence start-up that succeeds, there are scores — perhaps tons of — of others who don’t make it. Generally this isn’t for lack of excellent concepts and enterprise potential, however slightly as a result of these firms lack world visibility, have restricted entry to capital and may’t discover a pathway to attach with all highly effective retailers.

We consider The Enterprise of Magnificence can play a singular position in surfacing excessive potential entrepreneurs and connecting them with trade leaders, retail companions and traders who can assist them take their companies to the subsequent degree.

These are precisely the sort of trade insiders who will likely be attending The Enterprise of Magnificence International Discussion board 2024 from June 3-5 in Napa Valley, California. Final yr, attendees included high magnificence retailers from around the globe; main enterprise capital and personal fairness traders, in addition to executives from the highest magnificence conglomerates and founders who’ve efficiently scaled and offered their very own companies. Collectively, they type a part of our vibrant neighborhood who can actually assist to make a distinction for magnificence entrepreneurs who’ve a demonstrated observe document of success.

With this in thoughts, we’re happy to announce The Enterprise of Magnificence International Awards, honouring three entrepreneurs shaping the way forward for the worldwide magnificence trade, chosen by BoF’s skilled editors and a jury of high trade leaders.

We’re searching for the next:

• Artistic Execution: Corporations with distinctive model ideas primarily based on the creativity of their merchandise, packaging and advertising methods, making a demonstrable supply of aggressive benefit.
• Enterprise Innovation: Corporations with progressive enterprise fashions, demonstrating clear enterprise momentum supported by robust financials.
• Social Influence: Corporations which have a optimistic web affect on their communities: the individuals working of their provide chain, the purchasers they serve and the atmosphere.

The shortlist of chosen finalists will likely be invited to attend The Enterprise of Magnificence International Discussion board and pitch their companies to our jury. Winners will likely be introduced on the closing dinner on the night of June 4, 2024.

Deadline: Tuesday April 30, 2024 11:59pm EST

Utility charge: $500

Why Enter

• Create Model Consciousness: Winners will likely be introduced at The Enterprise of Magnificence International Discussion board. The winners can even be featured in an interview on The Enterprise of Magnificence and throughout the BoF ecosystem, together with our social media channels with greater than 7 million followers.
• Skilled Mentorship: Winners will likely be paired with a member of our jury of high trade leaders for mentoring.
• Attend The Enterprise of Magnificence International Discussion board: Finalists will likely be invited to hitch our programme of talks, interactive workshops and intimate lunches and dinners at The Enterprise of Magnificence International Discussion board in Napa Valley, California from June 3-5, 2024. (Tickets to the The Enterprise of Magnificence International Discussion board are invitation-only and valued at $7,500.)
• Entry BoF Skilled: All candidates will obtain complimentary 12-month entry to evaluation and recommendation from The Enterprise of Magnificence, valued at $270.

Standards

• Annual Revenues: Your organization will need to have generated a minimal of $250,000 USD (or equal in different currencies) in income in 2023.
• Market Stage: Your organization should already be promoting merchandise in at the least one lively distribution channel:
• DTC by your organization’s web site
• In your organization’s personal retail retailer(s)
• By wholesale accounts.
• Fundraising: Your organization should not have raised greater than $10 million USD (or equal in different currencies) in funding since founding. In case you have not raised any funding, you’re nonetheless eligible to use.
• Product: Your organization should promote a product in at the least one of many following classes: make-up, skincare, hair care, physique care and perfume.
• Candidates should be over the age of 18 as of March 21, 2024.

The Superb Print

• Submissions value $500 and the entry deadline is Tuesday April 30, 2024 at 11:59pm EST.
• Submissions should meet all the standards listed above as of March 21, 2024.
• All info submitted as a part of an software will likely be handled with confidentiality. By submitting your software you agree to those phrases and to permit our third occasion jury to assessment your software.
• All candidates will likely be required to ship 2 samples (beneath 50ml every) of 1 hero product to New York Metropolis to be reviewed by the choice committee. Please observe the prices of cargo will likely be lined by the applicant. BoF can not take duty for samples that don’t arrive. We advise you to make use of a delivery service with monitoring.
• Candidates ought to be accessible to attend The Enterprise of Magnificence International Discussion board going down at Stanly Ranch, Napa Valley, California from June 2 – 5, 2024.
• The shortlisted finalists will likely be given complimentary tickets (valued at $7,500) with lodging to attend the total occasion.
• Journey prices will should be lined by the applicant.
• Just one complimentary ticket will likely be provided per entry.
• If you’re unable to attend The International Discussion board in particular person, you will want to make your self accessible on June 2 to pitch to the jury by way of Zoom.
• The shortlisted finalists will likely be introduced by mid-Might.

For The Enterprise of Magnificence International Awards phrases and circumstances, please click on right here.

In case you have any additional questions, please e mail [email protected].

If you’re fascinated about partnership alternatives, please contact our staff right here.

Deadline: Tuesday April 30, 2024 11:59pm EST

Utility charge: $500

FAQ’s

What are The Enterprise of Magnificence International Awards?

The Enterprise of Magnificence International Awards honour the entrepreneurs shaping the way forward for the worldwide magnificence trade, chosen by BoF’s skilled editors and a jury of high trade leaders

Why ought to I enter?

• Create Model Consciousness: Winners will likely be introduced at The Enterprise of Magnificence International Discussion board. The winners can even be featured on The Enterprise of Magnificence and throughout the BoF ecosystem, together with our social media channels with greater than 7 million followers.
• Attend The Enterprise of Magnificence International Discussion board: Finalists will likely be invited to hitch our programme of talks, interactive workshops and intimate lunches and dinners at The Enterprise of Magnificence International Discussion board in Napa Valley, California from June 3-5, 2024. (Tickets to the The Enterprise of Magnificence International Discussion board are invitation-only and valued at $7,500.)
• Entry BoF Skilled: All candidates will obtain complimentary 12-month entry to evaluation and recommendation from The Enterprise of Magnificence, valued at $270.

How are the winners chosen?

Every software will endure intensive analysis earlier than being evaluated on three key standards:

• Artistic Execution: Corporations with distinctive model ideas primarily based on the creativity of their merchandise, packaging and advertising methods, making a demonstrable supply of aggressive benefit.
• Enterprise Innovation: Corporations with progressive enterprise fashions, demonstrating clear enterprise momentum supported by robust financials.
• Social Influence: Corporations which have a optimistic web affect on their communities: the individuals working of their provide chain, the purchasers they serve and the atmosphere.

The shortlist of chosen finalists will likely be invited to attend The Enterprise of Magnificence International Discussion board and pitch their companies to our jury. The jury will rating every pitch primarily based on the above key components. The best scoring entries will likely be chosen because the winners.

Confidentiality

All people concerned within the judging course of will likely be required to signal a non-disclosure settlement and will likely be required to maintain all software materials confidential. Permission will likely be sought from winners to reveal any info earlier than publishing.

Who can enter The Enterprise of Magnificence International Awards?

Anybody over the age of 18 might enter.

Can I begin my software and end it later?

We strongly suggest you begin and end your software in a single sitting, as you can not save your progress.

You need to use the arrows within the backside proper nook of the display to view the applying in full earlier than you submit your responses. Please click on right here to obtain all the applying questions in a doc, to arrange earlier than submitting your responses.

As a part of your software you’re required to add a 60 second video answering the next: why does the sweetness trade want your model and imaginative and prescient? The video should be shot horizontally. You can be required to incorporate a video embed hyperlink from a platform similar to YouTube or Vimeo.

Please additionally guarantee you’ve got your fee card able to submit your entry charge.

Can I edit my entry after I’ve submitted my software?

No.

When will the finalists be contacted?

Finalists will likely be contacted by mid-Might.

In case you have any additional questions, please e mail [email protected].