In its continuing efforts to support women entrepreneurs, Stacy's Pita Chips announced the launch of the 2024 Stacy's Rise Project.
According to Stacy’s Pita Chips, despite there being one million women entrepreneurs in Canada, women-owned businesses only receive 4% of venture capital (VC) funding. To help them rise this year, the brand has increased the number of Canadian recipients and funding, awarding five founders a $25,000 grant along with mentorship and community resources.
The Stacy's Rise Project opened applications in Canada for the first-time last year, partnering with Women's Enterprise Organizations of Canada (WEOC) to support women founders who are still experiencing a lack of the resources and funding needed to help them rise. In January 2023, the program recognized four Canadian women founders from British Columbia, Alberta, Ontario, and New Brunswick, enabling them to join the extensive community of Stacy's Rise Project winners in North America.
“There are so many women entrepreneurs who need more opportunities for funding, mentorship and resources. Stacy's Rise Project offers an opportunity to make goals a reality,” says Carolyn Simon, founder of Choose Life Foods, Patty Queen, and one of the four Canadian winners of the 2023 Stacy's Rise Project. “Stacy's Rise Project was an unforgettable opportunity for entrepreneurs. From the grant funding to the ongoing mentorship opportunities, being chosen as a Stacy's Rise Project grant recipient was crucial in tackling the challenges of post-pandemic trends and inflation.”
Applications for the 2024 Stacy's Rise Project are officially open from now through December 15. Ten winners in the U.S. and five winners in Canada will be announced in early 2024 and each will receive a $25,000 grant, mentorship from Frito Lay and PepsiCo leadership.
“The Stacy's brand is proud to continue the work we began last year, in service to women entrepreneurs across Canada,” adds Jess Spaulding, chief marketing officer at PepsiCo Foods Canada. “We know access to funding and resources can dramatically change the trajectory of these businesses, so this year we're excited to be able to expand the program and provide increased support to five incredibly deserving women founders.”