Fearless Fund and the Tory Burch Foundation opened applications for the third cohort of the Women of Color Grant Program. The program will award 75 women of color-owned small businesses with $10,000 and $20,000 grants, access to a self-paced learning portal and peer-to-peer community networking.
Applications are open until Friday, April 28. To learn more about the program and how to apply, visit the Fearless Fund’s website at https://www.fearless.fund/tory-burch-foundation. Accepted grantees will be notified in July 2023.
While the number of women-owned businesses continues to rise, due to funding disparities, only 2% of women-owned startups generate $1 million in revenue; men are 3.5 times more likely to achieve this number. The Woman of Color Grant Program was created to help women of color entrepreneurs gain access to much-needed capital, and this year’s grant program marks another significant step in advancing women’s empowerment, entrepreneurship, and reducing racial inequalities.