Rent the Runway is taking its entrepreneurial success story to other female entrepreneurs through a program it announced this morning with UBS called Project Entrepreneur.
The multifaceted, multiyear effort is designed to provide women entrepreneurs around the United States with the tools to build high-growth, high-impact businesses, according to information from UBS. On tap will be a venture competition, a digital resources hub, in-person events, a business accelerator, and an educational program.
Rent the Runway cofounders Jennifer Hyman and Jenny Fleiss and UBS are hosting a launch party tonight where we hope to learn more details.
They’re not the only New York City-based fashion entrepreneurs to give back to other women going into business. Last summer, Tory Burch and her Tory Burch Foundation, which is focused on economic empowerment for women, set up a program with Bank of America called Elizabeth Street Capital, as reported by our sibling publication Bizwomen.
Through it, Bank of America set aside $10 million in low-cost capital for female entrepreneurs — first in eight markets, including Charlotte, N.C., and the Carolinas region, New York, San Francisco, Boston and Philadelphia. ( More details here).
Written by Teresa Novellino