Prime Highlights:
- SkinnyDipped has launched the Female Founder Fund, offering $25,000 and mentorship to help women-led food businesses grow.
- The program reflects the brand’s ongoing commitment to supporting women entrepreneurs and closing funding gaps.
Key Facts:
- Only 2.4% of venture capital goes to women-owned businesses, highlighting the need for targeted support.
- Through partnerships and global initiatives, including $450,000 in South Sudan, SkinnyDipped has provided education and resources for women entrepreneurs.
Background:
SkinnyDipped, a snack company founded by women, has introduced the SkinnyDipped Female Founder Fund to help women-led food businesses grow and thrive. The program will provide one female entrepreneur with a $25,000 cash grant and hands-on mentorship from the SkinnyDipped leadership team.
The fund is open to women-owned food companies earning $150,000 or more in annual revenue that are ready to expand. Selected participants will have direct access to SkinnyDipped’s CEO, co-founder, and senior leaders across brand, product, marketing, sales, finance, operations, and supply chain. Mentorship will last for six months, with continued support during the first year to help achieve meaningful growth.
“Starting and growing a business requires more than just a good idea; it takes guidance, access, and people willing to share their time and knowledge,” said Val and Breezy Griffith, co-founders of SkinnyDipped. “As women entrepreneurs, we understand the challenges. This grant is our way of helping women break through and take their businesses to the next level.”
The initiative addresses the challenges women face in securing funding. A Harvard study shows that only 2.4% of venture capital goes to women-owned businesses. The SkinnyDipped fund helps close this gap by giving women money and mentorship.
This continues SkinnyDipped’s work to support women in business. Through its partnership with the Whitaker Peace & Development Initiative, the company has helped women worldwide with education and small-business programs. In South Sudan, SkinnyDipped has given $450,000 to help women get an education and start businesses.
Applications for the SkinnyDipped Female Founder Fund are now open. The winner will be announced on March 8, International Women’s Day, showing the brand’s commitment to helping women entrepreneurs succeed.
