Botox Cosmetic is betting big on small businesses.
It has united with IFundWomen to award 20 female entrepreneurs across the sweetness, fashion, food and entertainment industries $25,000 each in funding, aiming to assist close “the boldness gap.”
“There may be a niche for girls entrepreneurs; it’s more of a challenge for them to get funding, and so this initiative was a possibility for us to make a difference there,” said Nicole Katz, vp of world communications and public relations at AbbVie, parent company of Allergan Aesthetics, which develops Botox Cosmetic.
In line with Pitchbook, in 2022, firms founded solely by women garnered only 2 percent of enterprise capital within the U.S. Along with receiving funding, grant recipients might be immersed...
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