PARIS -- Five women entrepreneurs received the 2nd Annual Cartier Women's Initiative Awards during a ceremony held at the occasion of the Women's Forum for the Economy and Society in Deauville, France. After two rounds of competition, these laureates were selected by an international jury of entrepreneurs and members of the business community for the creativity, sustainability and social impact of their start-up projects.
From an applicant pool of 400, one winner from each region (Africa, Asia, Europe, Latin America, North America) received a Cartier trophy, a US$20,000 cash award, and will benefit from a full year of coaching from Cartier, McKinsey & Co., and INSEAD Business School.
"If as many women were to be engaged in start-up businesses as men, we would see thousands of jobs and opportunities open up across all markets and on all continents", said Aude de Thuin, Founder and President of the Women's Forum for the Economy and Society.
"More than ever, our economies need the spirit of enterprise, the taste for challenge. Small businesses play a key role in building the global economy. We believe that these brave and spirited laureates will be drivers of change for their communities and the future of their countries", added Bernard Fornas, President and CEO of Cartier.
Laureate for North America: Mona Jhaveri, Founder of Foligo Therapeutics Inc (USA), a biotech company aiming to improve the detection and treatment of ovarian cancer. Her company, Foligo Therapeutics, Inc., is developing early diagnostic techniques and DNA-based therapeutics that aim to destroy cancerous cells and reduce suffering.
About the Award
Created in 2006 by Cartier and the Women's Forum for the Economy and Society in partnership with McKinsey & Company and INSEAD management school, the Cartier Women's Initiative Awards are an annual international entrepreneurship competition for women. Five laureates are awarded each year and receive US$ 20 000, coaching support for a full year and an exclusive Trophy designed by Cartier.