Burt’s Bees is pleased to offer the Burt’s Bees Natural Launchpad (NLP), an exciting annual grant and mentoring program to recognize up-and-coming entrepreneurs who share our passion for improving the health and well-being of our planet and everyone on it. Burt’s Bees will be selecting ten grant recipients, and awarding them cash and other benefits that we hope will help these companies accelerate their progress. This year represents an important pivot, as we devote the Cohort 3 (2018) program to female entrepreneurs — building on the very entrepreneurial roots of Burt’s Bees. At the same time, we will be extending the footprint of the NLP program by opening up the program to budding entrepreneurs from Canada.
UPDATE ON COHORTS 1 AND 2 – After difficult deliberation, ten diverse companies, all innovating broadly throughout the health and wellness space while sharing some very common core values, were selected for both Cohort 1 (2016) and Cohort 2 (2017). The two Cohorts each came to Burt’s Bees’ headquarters in Durham, NC for the NLP CEO Exchange which provided an opportunity to connect, network, and learn from both Burt’s Bees and peer experts across a number of actionable subject areas. Subsequently, Team calls have been conducted quarterly to update on each other’s progress; identify current issues where the Companies can learn from each other; and continue to delve into best practices via both outside Subject Matter Experts and Cohort practitioners.
A number of the Cohort companies have gone on to raise fresh capital during their NLP term, and one has already sold to a strategic buyer. All are making great business progress and are, as importantly, are making a difference. We’re pleased to share that Cohort 1 will graduate this Spring after an exciting two years together. We look forward to their continued growth and pursuit of their respective missions, and also look forward to helping as needed. Congratulations to Cohort 1 for leading the way!
2018 PROGRAM – Burt’s Bees is running the 2018 Natural Launchpad program, in conjunction with Evergreen Innovation Partners (EIP), to support budding entrepreneurs in qualifying areas in the health and wellness space.
- Qualifications – General requirements include annual revenue in the US$200K-$2M range, with the submitted product being a healthy lifestyle product that is inspired by nature and driven by high standards for social and environmental responsibility. As mentioned above, we are dedicating Cohort 3 to female Entrepreneurs/Founders and to female-funded startups. More detailed Applicant Terms & Conditions can be seen on the Terms page.
- Criteria – Burt’s Bees will, in its sole discretion, base awards on which companies it judges to represent the highest level of innovation, offer the biggest potential to make an impact in designated health and well-being categories, and which best embrace the long-standing values of Burt’s Bees.
- Timeline – The submission period ran from 2/15/2018 through 4/30/2018, with grant decisions being made in July, 2018. NLP Entrepreneurs Bootcamp is planned at the Burt’s Bees Durham, NC headquarters in Fall, 2018.