FOR THE SECOND YEAR,
BOTOX® COSMETIC WILL HELP WOMEN ENTREPRENEURS
CLOSE THE CONFIDENCE GAP THROUGH FUNDING, MENTORSHIP, COACHING, AND
COMMUNITY
IRVINE,
Calif., Feb. 21, 2024 /PRNewswire/ -- Today,
Allergan Aesthetics, an AbbVie company (NYSE: ABBV), announced
that applications are open for the 2024 BOTOX® Cosmetic
grant program supporting women entrepreneurs. BOTOX®
Cosmetic partnered with IFundWomen to launch the program in 2023,
and in the second year, will award a new group of 20 women
entrepreneurs each with $25,000
grants to fund and grow their businesses. Additionally,
BOTOX® Cosmetic continues to support these businesses
through mentorship, coaching, crowdfunding, and community.
The BOTOX® Cosmetic x IFundWomen partnership was born
of a desire to extinguish the Confidence Gap, where women feel less
self-assured in the workplace and beyond. Women owned businesses
represent approximately 40% of all U.S. businesses, employing
approximately 12.2 million workers, and generating $2.7 trillion in revenue.1 And yet,
there continues to be a funding disparity with less than 3% of
venture capital funding going to women-led businesses in 2023 and
BIPOC, women-owned businesses continuing to receive less than one
percent. 2,3 Additionally, on average, the loan size for
women-owned businesses is 50% lower.2 This lack of
financial support continues to expand the Confidence Gap instead of
close it.
"We are committed to helping close the Confidence Gap through
funding, mentorship, and community, and to help women achieve their
dreams," said Carrie Strom,
President, Global Allergan Aesthetics and Senior Vice President,
AbbVie. "It's proven that when women are supported and come
together, they can achieve incredible things and overcome the
Confidence Gap. We are so proud of last year's recipients and the
community they've built. We are grateful to learn from them and
thrilled to continue this program into a second year with a new
cohort of extraordinary women entrepreneurs."
Beyond funding, the Confidence Gap is compounded as
entrepreneurs face an increased risk of burnout. Entrepreneurs tend
to be extremely passionate about their work, have limited safety
nets, operate in high uncertainty, and may experience greater
social isolation.4 This disparity and adversity can
weigh down a person's confidence, increasing the chances of burnout
and experiencing the Confidence Gap. Additionally, women have
reported higher levels of burnout for years, and that has more than
doubled since 2019.5 Research has found that women are
more likely to head single-parent families and take on unpaid
labor—all things that can exacerbate burnout and widen the
Confidence Gap.6 This is why the mentorship and
community provided through the BOTOX® Cosmetic x
IFundWomen grant program are equally as important as the financial
support it offers.
"As one of the 20 recipients of last year's inaugural
BOTOX® Cosmetic grant program, I can attest to the
immense impact it's had not only on my business, but my life, which
is why I'm so thrilled for the next group of women who are about to
embark on this journey," said Talia
Boone, founder, and CEO of Postal Petals®.
"Each of the program's offerings helped to open new doors, whether
it was the funding that supported our financial growth, the
mentorship that further built my confidence as a business owner, or
the sense of community that came from my fellow women
entrepreneurs. I am forever grateful to this program for connecting
me to a group of women entrepreneurs who together are helping to
bridge the Confidence Gap. I look forward to getting to know this
year's grant recipients and building on BOTOX®
Cosmetic's mission to elevate women leaders of tomorrow,
today."
Once again, a panel of healthcare provider-entrepreneurs will
help to select the final grant recipients. These successful
entrepreneurs, which will be announced in the coming weeks, will be
able to share valuable knowledge and perspective around starting,
growing, and maintaining a small business, making them a valuable
resource to our grant recipients, and putting them in a unique
position while evaluating applications.
In addition to receiving a $25,000
grant for her business, each entrepreneur will complete an
immersive ten-week Crowdfunding Coaching Accelerator program,
designed to instill not only education, but a sense of community
within the group of women entrepreneurs. This program will provide
mentoring from various experts on a range of business-focused
topics and coaching to launch their individual crowdfunding
campaigns. Recipients will also be provided with access to a range
of educational and networking opportunities.
Starting today, women entrepreneurs across the country can apply
for the BOTOX® Cosmetic x IFundWomen grant at
www.botoxcosmetic.com/realimpact for the chance to be one of 20
recipients. The deadline to apply is March
19, 2024.
BOTOX® Cosmetic will announce the grant recipients
this spring and will be sharing more about the inspiring next class
of women throughout the year. Follow along on the @botoxcosmetic
Instagram and YouTube channels to learn more about closing the
Confidence Gap for women entrepreneurs.
BOTOX® COSMETIC IMPORTANT SAFETY INFORMATION AND
APPROVED USES
Approved Uses
BOTOX® Cosmetic is a
prescription medicine that is injected into muscles and used to
temporarily improve the look of moderate to severe forehead lines,
crow's feet lines, and frown lines between the eyebrows in
adults.
IMPORTANT SAFETY INFORMATION
BOTOX®
Cosmetic may cause serious side effects that can be life
threatening. Get medical help right away if you have any of these
problems any time (hours to weeks) after injection of
BOTOX® Cosmetic:
- Problems swallowing, speaking, or breathing, due to
weakening of associated muscles, can be severe and result in loss
of life. You are at the highest risk if these problems are
pre-existing before injection. Swallowing problems may last for
several months.
- Spread of toxin effects. The effect of botulinum
toxin may affect areas away from the injection site and cause
serious symptoms including: loss of strength and all-over muscle
weakness, double vision, blurred vision and drooping eyelids,
hoarseness or change or loss of voice, trouble saying words
clearly, loss of bladder control, trouble breathing, and trouble
swallowing.
BOTOX® Cosmetic dosing units are not the same as,
or comparable to, any other botulinum toxin product.
There has not been a confirmed serious case of spread of toxin
effect when BOTOX® Cosmetic has been used at the
recommended dose to treat frown lines, crow's feet lines, and/or
forehead lines.
BOTOX® Cosmetic may cause loss of strength or general
muscle weakness, vision problems, or dizziness within hours to
weeks of taking BOTOX® Cosmetic. If this happens, do
not drive a car, operate machinery, or do other dangerous
activities.
Serious and/or immediate allergic reactions have been
reported. They include: itching, rash, red itchy welts,
wheezing, asthma symptoms, or dizziness or feeling faint. Get
medical help right away if you are wheezing or have asthma
symptoms, or if you become dizzy or faint.
Do not receive BOTOX® Cosmetic if
you: are allergic to any of the ingredients in
BOTOX® Cosmetic (see Medication Guide for ingredients);
had an allergic reaction to any other botulinum toxin product such
as Myobloc® (rimabotulinumtoxinB), Dysport®
(abobotulinumtoxinA), or Xeomin® (incobotulinumtoxinA);
have a skin infection at the planned injection site.
Tell your doctor about all your muscle or nerve
conditions, such as ALS or Lou
Gehrig's disease, myasthenia gravis, or Lambert-Eaton
syndrome, as you may be at increased risk of serious side effects
including difficulty swallowing and difficulty breathing from
typical doses of BOTOX® Cosmetic.
Tell your doctor about all your medical
conditions, including: plans to have surgery; had surgery
on your face; have trouble raising your eyebrows; drooping eyelids;
any other abnormal facial change; are pregnant or plan to become
pregnant (it is not known if BOTOX® Cosmetic can harm
your unborn baby); are breast-feeding or plan to (it is not known
if BOTOX® Cosmetic passes into breast milk).
Tell your doctor about all the medicines you
take, including prescription and over-the-counter
medicines, vitamins, and herbal supplements. Using
BOTOX® Cosmetic with certain other medicines may cause
serious side effects. Do not start any new medicines until you
have told your doctor that you have received BOTOX®
Cosmetic in the past.
Tell your doctor if you have received any other botulinum toxin
product in the last 4 months; have received injections of botulinum
toxin such as Myobloc®, Dysport®, or
Xeomin® in the past (tell your doctor exactly which
product you received); have recently received an antibiotic by
injection; take muscle relaxants; take an allergy or cold medicine;
take a sleep medicine; take aspirin-like products or blood
thinners.
Other side effects of BOTOX® Cosmetic
include: dry mouth; discomfort or pain at the injection
site; tiredness; headache; neck pain; and eye problems: double
vision, blurred vision, decreased eyesight, drooping eyelids and
eyebrows, swelling of your eyelids and dry eyes.
For more information refer to the Medication Guide or talk with
your doctor.
To report a side effect, please call Allergan at
1-800-678-1605.
Please see BOTOX® Cosmetic full
Product Information including Boxed Warning and
Medication Guide.
About Allergan Aesthetics
At Allergan Aesthetics, an
AbbVie company, we develop, manufacture, and market a portfolio of
leading aesthetics brands and products. Our aesthetics portfolio
includes facial injectables, body contouring, plastics, skin care,
and more. Our goal is to consistently provide our customers with
innovation, education, exceptional service, and a commitment to
excellence, all with a personal touch. For more information,
visit www.allerganaesthetics.com.
About AbbVie
AbbVie's mission is to discover and
deliver innovative medicines and solutions that solve serious
health issues today and address the medical challenges of tomorrow.
We strive to have a remarkable impact on people's lives across
several key therapeutic areas – immunology, oncology, neuroscience,
and eye care – and products and services in our Allergan Aesthetics
portfolio. For more information about AbbVie, please visit us at
www.abbvie.com. Follow @abbvie on LinkedIn, Facebook, Instagram, X
(formerly Twitter), and YouTube.
About IFundWomen
IFundWomen is the go-to funding marketplace for entrepreneurs, with
a mission to close the money gap for women-owned businesses through
its proprietary mix of capital, coaching, and connections. Since
its founding, IFundWomen has empowered its members to
raise $278M in early-stage capital and to create 55,000
new jobs, helping fuel the small businesses economy. IFundWomen's
marketplace offers its members multiple access points to capital,
including crowdfunding, enterprise-brokered grants, collateral-free
loans, and the best funding of all – revenue, through its newest
product, IFundWomen ServicesX, a marketplace connecting independent
business services experts to customers. To learn more about
IFundWomen, please visit www.ifundwomen.com. Follow
@ifundwomen on LinkedIn, Instagram, Facebook, X
(formerly Twitter), and TikTok.
Reference:
- Wells Fargo. The 2024 Impact of Women-Owned
Businesses. 2024.
- Noah Brandt.
EcommerceTips.org. Women in Business Statistics in 2024 (Latest
U.S. Data). 2024.
https://ecommercetips.org/women-in-business/
- Gabrielle Fonrouge. CNBC. Venture capital for Black
entrepreneurs plummeted 45% in 2022, data shows. 2023.
https://www.cnbc.com/2023/02/02/venture-capital-black-founders-plummeted.html
- Eva de Mol, Jeff Pollack,
Violet T. Ho. Harvard Business
Review. What Makes Entrepreneurs Burn Out. 2018.
https://hbr.org/2018/04/what-makes-entrepreneurs-burn-out
- Lydia Saad, Sangeeta
Agrawal, Ben Wigert. Gallup.
Gender Gap in Worker Burnout Widened Amid the Pandemic.
2021.
https://www.gallup.com/workplace/358349/gender-gap-worker-burnout-widened-amid-pandemic.aspx
- Morgan Smith. CNBC.
Burnout is on the rise worldwide—and Gen Z, young millennials
and women are the most stressed. 2023.
https://www.cnbc.com/2023/03/14/burnout-is-on-the-rise-gen-z-millennials-and-women-are-the-most-stressed.html
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SOURCE AbbVie