Introducing The Business of Beauty Global Awards

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

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

We imagine The Business of Beauty can play a singular position in surfacing excessive potential entrepreneurs and connecting them with business leaders, retail companions and traders who may also help them take their companies to the following degree.

These are precisely the form of business insiders who will probably be attending The Business of Beauty Global Forum 2024 from June 3-5 in Napa Valley, California. Last year, attendees included high magnificence retailers from world wide; main enterprise capital and personal fairness traders, in addition to executives from the highest magnificence conglomerates and founders who’ve efficiently scaled and bought 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 file of success.

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

We’re on the lookout for the next:

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

The shortlist of chosen finalists will probably be invited to attend The Business of Beauty Global Forum and pitch their companies to our jury. Winners will probably be introduced on the closing dinner on the night of June 4, 2024.

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

Utility payment: $500

Why Enter

• Create Model Consciousness: Winners will probably be introduced at The Business of Beauty Global Forum. The winners will even be featured in an interview on The Business of Beauty and throughout the BoF ecosystem, together with our social media channels with greater than 7 million followers.
• Knowledgeable Mentorship: Winners will probably be paired with a member of our jury of high business leaders for mentoring.
• Attend The Enterprise of Magnificence World Discussion board: Finalists will probably be invited to affix our programme of talks, interactive workshops and intimate lunches and dinners at The Business of Beauty Global Forum in Napa Valley, California from June 3-5, 2024. (Tickets to the The Enterprise of Magnificence World Discussion board are invitation-only and valued at $7,500.)
• Entry BoF Skilled: All candidates will obtain complimentary 12-month access to analysis and advice 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 no less than one energetic distribution channel:
• DTC by means of your organization’s web site
• In your organization’s personal retail retailer(s)
• By means of wholesale accounts.
• Fundraising: Your organization should not have raised greater than $10 million USD (or equal in different currencies) in funding since founding. If in case you have not raised any funding, you’re nonetheless eligible to use.
• Product: Your organization should promote a product in no less than one of many following classes: make-up, skincare, hair care, physique care and perfume.
• Candidates have to be over the age of 18 as of March 21, 2024.

The High-quality Print

• Submissions value $500 and the entry deadline is Tuesday April 30, 2024 at 11:59pm EST.
• Submissions should meet the entire standards listed above as of March 21, 2024.
• All info submitted as a part of an software will probably be handled with confidentiality. By submitting your software you agree to those phrases and to permit our third get together jury to evaluate your software.
• All candidates will probably be required to ship 2 samples (underneath 50ml every) of 1 hero product to New York Metropolis to be reviewed by the choice committee. Please word the prices of cargo will probably be lined by the applicant. BoF can not take accountability for samples that don’t arrive. We advise you to make use of a delivery service with monitoring.
• Candidates needs to be accessible to attend The Business of Beauty Global Forum happening at Stanly Ranch, Napa Valley, California from June 2 – 5, 2024.
• The shortlisted finalists will probably be given complimentary tickets (valued at $7,500) with lodging to attend the complete occasion.
• Journey prices will should be lined by the applicant.
• Just one complimentary ticket will probably be supplied per entry.
• In case you are unable to attend The World Discussion board in particular person, you have to to make your self accessible on June 2 to pitch to the jury through Zoom.
• The shortlisted finalists will probably be introduced by mid-Might.

For The Enterprise of Magnificence World Awards phrases and situations, please click here.

If in case you have any additional questions, please e-mail beautyawards@businessoffashion.com.

In case you are focused on partnership alternatives, please contact our team here.

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

Utility payment: $500

FAQ’s

What are The Enterprise of Magnificence World Awards?

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

Why ought to I enter?

• Create Model Consciousness: Winners will probably be introduced at The Enterprise of Magnificence World Discussion board. The winners will 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 World Discussion board: Finalists will probably be invited to affix our programme of talks, interactive workshops and intimate lunches and dinners at The Enterprise of Magnificence World Discussion board in Napa Valley, California from June 3-5, 2024. (Tickets to the The Enterprise of Magnificence World 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 bear intensive analysis earlier than being evaluated on three key standards:

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

The shortlist of chosen finalists will probably be invited to attend The Business of Beauty Global Forum and pitch their companies to our jury. The jury will rating every pitch primarily based on the above key elements. The very best scoring entries will probably be chosen because the winners.

Confidentiality

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

Who can enter The Enterprise of Magnificence World Awards?

Anybody over the age of 18 could 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’t 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 here to obtain all the applying questions in a doc, to organize 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 wonder business want your model and imaginative and prescient? The video have to be shot horizontally. You may be required to incorporate a video embed hyperlink from a platform similar to YouTube or Vimeo.

Please additionally guarantee you’ve gotten your cost card able to submit your entry payment.

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

No.

When will the finalists be contacted?

Finalists will probably be contacted by mid-Might.

If in case you have any additional questions, please e-mail beautyawards@businessoffashion.com.