This is the first part in a series that will evaluate the landscape for raising capital and the people and firms that make deals happen within beauty. Future articles will profile (a) venture capital/private equity firms, (b) investment banks, and (c) online platforms.

A relatively new concept that has emerged with the proliferation of the “indie” beauty craze is that of incubators. Traditionally thought of as more of a Silicon Valley phenomenon, several accelerators have formed to focus exclusively on beauty (which is great news for young entrepreneurs who don’t necessarily have the wherewithal to scale but who have a unique concept). These firms not only contribute capital and innovation, but can also offer diversified distribution channels, infrastructure, and vast networks of mentors and experts—a powerful proposition in today’s highly fragmented and competitive market.

Also check out my interview with Deva Finger, Co-Founder of Luxury Brand Partners.