Bumble Bizz is hosting a competition in Detroit that will award one female entrepreneur with $10,000 to make a positive impact on the city.
The contest is being run in collaboration with Detroit Grows, the philanthropic arm of the hair salon Detroit Blows.
$1 from every blowout service completed is reinvested back into local women, either as micro-grants for aspiring businesswomen or as donations to organisations that protect female workers.
To be in with a chance of winning the prize, women need to match with a branded profile on Bumble’s professional networking mode and fill out the 10 question application form.
Three finalists will be chosen to pitch their ideas on 25th August at a private event at the Detroit Blows salon in the city’s Downtown.
Bumble’s VP of Marketing Chelsea Maclin told Crain’s Detroit Business: “We are most interested in women-led businesses that support and empower other women in the Detroit community, or a new entrepreneur who has a desire to start a new business.”
The Bumble Fund is a Venture Capital programme that invests in female-led startups which are working to create products used by women around the world.
As of May 2019, the social app had invested between $5,000 and $250,000 each in 11 companies from a variety of fields, including health and fitness, criminal justice and fashion.
Tennis superstar Serena Williams became the first high-profile partner of the Bumble Fund through her own investment platform Serena Ventures, which focuses on helping companies with women of colour founders.
Read more here.