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Allergan Aesthetics, maker of onabotulinumtoxinA (Botox), has partnered with IFundWomento ensure women entrepreneurs can apply for $25,000 in grants, coaching and mentoring. The partnership announced on International Women’s Day (March 8) aims to address the growing confidence gap among women. Allergan Aesthetics leaders said they are committed to empowering the women leaders of tomorrow by giving them the tools for success today.1
According to the US Bureau of Labor Statistics, women hold more than half of all management and professional jobs, but lag behind men in leadership roles in many industries, including medicine and health care. While women make up more than 40 percent of all business owners nationwide, the journey there presented additional challenges, leading to the trust gap. For example, women start with about 50% less working capital and receive 2% of all venture capital funding, while women of color receive less than 1% of funding. The trust gap can slow or stop the success and growth of a business.2
In a press release, Caroline Robinson, MD, FAAD, said, “This is an important program for women entrepreneurs in every sector, and I look forward to serving on the advisory board for this program. As a female doctor and business owner, I can say that the trust gap is real, but it’s also something we can overcome.”
Robinson will serve on the advisory board of physicians and health care professionals. The board also includes Camille G. Cash, MD; Shawna Chrisman, NP; Michelle Henry, MD, FAAD; Terrence Keaney, MD, FAAD; Sherly Soleiman, MD; and Yvette Suarez, MD. They will select 20 grantees to serve their communities with new businesses. Recipients will receive $25,000 in funding, in addition to a year of mentoring and coaching.
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Grant applications are now open until April 7. Recipients will be announced in June and will be highlighted throughout 2023.
1. Botox® Cosmetic (onabotulinumtoxina) partners with ifundwomen to help bridge the confidence gap for female entrepreneurs. News Center. Published March 8, 2023. Accessed March 8, 2023. https://news.abbvie.com/news/press-releases/botox-cosmetic-onabotulinumtoxina-partners-with-ifundwomen-to-help-close-confidence-gap-for- women-entrepreneurs.htm?view_id=4667.
2. Persons employed by detailed occupation, sex, race, and Hispanic or Latino ethnicity. US Bureau of Labor Statistics. Published 2022. Accessed March 8, 2023. https://www.bls.gov/cps/cpsaat11.htm.