In September 2022, Sephora opened the application process for its 2024 Accelerate program focused on BIPOC-founded and BIPOC-owned brands. Now in its ninth year, previous success stories from the incubator’s previous graduates include bestselling body care brand 54 Thrones and Topicals, which became the retailer’s fastest-growing skincare brand.
With many brand founders eager to grab a spot on the program, the 2024 edition saw a record-breaking number of applications. This week, the eight finalists across haircare, fragrance, color cosmetics, and skincare were announced, spanning from wild-harvested skincare paying tribute to a founder’s multicultural heritage to a new take on Ayurvedic products.
The Sephora 2024 Accelerate consists of:
“We are thrilled to reveal the 2024 finalists of the Accelerate program and officially welcome them to the Sephora family,” commented Kristin Odegaard, Sr. Director, Merchandising Strategy and Business Development at Sephora. “This year, we received more than 800 applications—a record-setting number of applications in Accelerate program history—which we believe is a testament to the unique and differentiated curriculum we’re able to offer, plus the strength of our community. Accelerate continues to serve as a vehicle for discovering, cultivating, and even launching these amazing brands that represent so many of our clients and the world today, while providing meaningful support for growing brands to continue to succeed well beyond the program’s completion.”
In addition to the six-month curriculum encompassing mentorship, merchandising, investor connections, grants, and the opportunity to launch at Sephora North America, this year’s edition incorporates a new advisory team of investment experts, brand founders, and legacy partners. These include Alicia Sontag, co-founder and Managing Partner at Prelude Growth Partners; Janet Gurwitch, Operating Partner at Advent International; Alisa Carmichael, Partner at VMG Partners; Wende Zomnir of Urban Decay and Caliray; Danessa Myricks of Danessa Myricks Beauty; Lilli Gordon of First Aid Beauty; and Greg Gonzalez and Joe Cloyes of Youth to the People.
Participants will also receive personalized consulting from e-commerce and marketing agency Front Row and communication experts Clarity Media. The program’s weekly content and curriculum includes a session led by Nancy Twin of Briogeo on financial readiness, Vicky Tsai of Tatcha’s teachings on brand and assortment strategy, Sarah Lee’s and Christine Chang’s insights on social media and community, and a section on marketing led by Amy Liu of Tower 28.