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BASF and StitchCrew Launch Inclusive Beauty Accelerator

Published March 24, 2022
Published March 24, 2022
BASF

BASF, a leading supplier and innovator in the global personal care industry, is collaborating with StitchCrew, an organization serving early-stage entrepreneurs, to launch the Inclusive Beauty Accelerator. The program will provide a learning platform and business opportunities for the next generation of leaders in the beauty industry committed to creating innovative, inclusive products.

"The Inclusive Beauty Accelerator demonstrates BASF's firm commitment to advance inclusion and diversity in the personal care industry," said Marcelo Lu, Senior Vice President, Care Chemicals North America. "BASF is investing heavily in R&D to create new products that are effective for diverse skin and hair types. With the Inclusive Beauty Accelerator, we are taking our commitment to the next level by supporting tomorrow's inclusive beauty innovators who will launch products and services that will advance our industry."

The Inclusive Beauty Accelerator is designed for early-stage companies committed to creating innovative and inclusive products in the personal care and beauty space. 

"We are proud to collaborate with BASF to support bold entrepreneurs challenging the Beauty and Personal Care industry by providing products that expand inclusion and the very definition of beauty," said Erika Lucas, co-founder of StitchCrew. 

DETAILS: 

  • Participants of the Inclusive Beauty Accelerator will have the opportunity to present, refine, and scale their business plan to bring beauty products to market. 
  • Selected participants will receive a $10,000 non-dilutive grant and gain hands-on coaching from leading beauty and personal care executives. 
  • At the end of the program, participants will have the opportunity to showcase their products to Consumer Packaged Goods (CPG) investors, StitchCrew and BASF extended networks.
  • Applicants must come from an underrepresented background and/or be at least 50% minority owned. Applicants must be 18 years or older, reside in the United States, and have a physical product available to sell.
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