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Fifteen Female Founders Kick Off 2020 Stacy's Rise Project With Soccer Stars And Fellow Entrepreneurs Christen Press And Tobin Heath


PLANO, Texas, July 16, 2020 /PRNewswire/ -- When the Stacy's Rise Project announced it would expand its 2020 grant and mentorship program to support even more female founders with broadened services, women responded in kind ? with 1,600 applicants, quadrupling last year's numbers for a chance at $10,000 business grants, 1:1 executive mentorship and a dedicated team of professionals creating, producing and strategically placing advertising on their behalf.

Among those adding their expertise to the 2020 Stacy's Rise Project are Christen Press and Tobin Heath, world champion soccer players and co-founders of the purpose-led lifestyle brand re?inc. They will provide an exclusive mentorship session to the 15 winners comprising the Stacy's Rise Project Class of 2020, all of whom have incorporated social impact and philanthropy within their business plans.

According to a recent survey commissioned by the Stacy's Rise Project, female entrepreneurs who have had a mentor (73 percent) are more likely to feel well-equipped with the necessary resources to grow their business ? yet 53 percent have not had a mentor to guide them.

"We know firsthand the challenges that come not just from being a female entrepreneur but being a female entrepreneur who is driven by a larger purpose," said Press. "In business and in sport, we believe in the power of teamwork ? which is why we are honored to bring what we know from starting our own venture to the women of the Stacy's Rise Project."

Heath added, "Our vision at re?inc has always been centered on creating an inclusive and diverse community, which is why it's so exciting to see the array of backgrounds and industries among the women participating in this year's Stacy's Rise Project. These 15 women represent thousands -- if not millions -- more female founders who warrant our attention and investment."

Gaining attention won't be an issue for this year's Stacy's Rise Project participants, all of whom will receive professional advertising services and donated media space, as well as a dedicated feature on the Stacy's Amazon e-commerce hub. The addition of advertising/marketing services for the 2020 Stacy's Rise Project is driven by the survey, which found that 82 percent of consumers want to see more female founders in company ads and 41 percent even indicate they would be more likely to purchase products/services if a company's marketing featured its female founder. Meanwhile, 80 percent of female entrepreneurs wish they had resources to increase their marketing efforts and 45 percent say advertising/marketing would be their first priority if they received $10,000 in funding.

"Opportunities abound for female founders, as 79 percent of consumers believe it is important to see more female-founded businesses in their communities. Our goal with the Stacy's Rise Project is to share our own resources so that women can both identify and seize those opportunities," said Ciara Dilley, Frito-Lay vice president of marketing. "For example, we carefully match our Rise participants with mentors based on experience and expertise, knowing that 72 percent of female founders say it's difficult to find a mentor, particularly in today's environment. Also, this year we added specialized self-care coaching targeted to the entrepreneur lifestyle upon learning that 62 percent of these women say they often feel burnt out."

Dilley continued, "As a female-founded brand, it's in our DNA to help women rise and this year's theme is #ShareForHer ? a reminder that we all have something to share to help a woman succeed, be it expertise, a word of encouragement or another valuable asset."

Fans and aspiring entrepreneurs can join the Stacy's Rise Project Class of 2020 community and partake in various learning opportunities by following #StacysRiseProject across social media channels, with topics covering VC funding, operations/supply, marketing and even self-care. This fall, Stacy's will also team up with longtime partner Hello Alice on their Black-Owned Business Resource Center to offer an additional $150,000 in grants to Black female founders, an extension of PepsiCo's long-term commitment to lift up Black communities.

Introducing the Stacy's Rise Project Class of 2020

Survey Methodology
This survey was conducted online between January 5-10, 2020, among a nationally representative sample of 1,042 adults, balanced by age, education, gender, race, and region. Additionally, the survey was fielded amongst 500 female entrepreneurs, defined as those who are currently or plan to own a business with the intent of making a profit and will take on personal financial risk. Results from the nationally representative sample have a margin of error of +/- 3.1%, and +/- 4.38% for the total sample of female entrepreneurs.

About Stacy's® Snacks
Stacy's Snacks is one of the many brands that make up Frito-Lay North America, the $17 billion convenient foods division of PepsiCo, Inc. (NYSE: PEP), which is headquartered in Purchase, NY. Learn more about Frito-Lay at the corporate website, http://www.fritolay.com/ and on Twitter http://www.twitter.com/fritolay.

About PepsiCo
PepsiCo products are enjoyed by consumers more than one billion times a day in more than 200 countries and territories around the world. PepsiCo generated more than $67 billion in net revenue in 2019, driven by a complementary food and beverage portfolio that includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. PepsiCo's product portfolio includes a wide range of enjoyable foods and beverages, including 23 brands that generate more than $1 billion each in estimated annual retail sales.

Guiding PepsiCo is our vision to Be the Global Leader in Convenient Foods and Beverages by Winning with Purpose. "Winning with Purpose" reflects our ambition to win sustainably in the marketplace and embed purpose into all aspects of the business. For more information, visit www.pepsico.com.

 

SOURCE Frito-Lay



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