U.S. women-owned businesses generate $2 trillion per year
40% of all U.S. businesses are women-owned
Women start more than 1,800 net new businesses every day
64% of new women-owned businesses are started by women of color; 42% by Black women
Latina women-owned businesses have grown more than 87% since 2007 with more than 400 started every single day
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.
Luminary created the Fellowships Program to support women-owned businesses impacted by the pandemic. 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 1,500 women-owned businesses with our Fellowships.
Current Luminary Fellowship partners include:
Regardless of location, industry or size of company, each Luminary Fellowship delivers access to:
Our Fellowships invest in women-owned businesses for the long-term. A check helps in the moment; a Luminary Membership provides for a lifetime.
Women entrepreneurs’ competency and market knowledge is routinely disregarded, including market opportunities they identify.
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.