Lifetime Investment in Women-Owned Businesses
|
|
|
Now spanning more than 50 cities, 5 countries and awarded to more than 75% women-of-color owned businesses, we're creating an ecosystem of support and delivering impact supporting over 2,000 women and BIPOC-owned businesses with our Fellowships. Regardless of location, industry or size of company, each Luminary Fellowship delivers access to:
|
|
Help Women Overcome The Challenges of Owning a Business
Women-owned businesses need more than capital to survive and thrive. They need access to ongoing education, coaching/mentoring, community, networks, guidance and exposure in order for them to build and prosper.
Corporations are partnering with Luminary to help women overcome the challenges faced as business owners.
|
Market misperceptions Women entrepreneurs’ competency and market knowledge is routinely disregarded, including market opportunities they identify. Network exclusion Women entrepreneurs often experience limited, gender-based access to established social and business networks, creating less access to knowledgeable mentors, ongoing education and capital expansion resources. |
 |
 |
Managing expansion while underfunded Barriers to start-up and growth capital create new, ongoing challenges, including constraints on funding for recruitment, access to new markets and overall scalability and expansion. Revenue growth Despite women owning 40% of all the businesses in the U.S., less than 2% of women-owned businesses generated more than $1 million in sales (and that percentage is even lower when you only look at women of color-owned businesses). |
