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Three winning brands will receive tailored support, mentorship, and $35K in funding to scale their businesses.
October 8, 2024
By: Rachel Klemovitch
Assistant Editor
Maesa has announced the winners of the second annual #MaesaMagicIncubator program. This initiative continues to focus on bridging the entrepreneurial access gap by amplifying promising early-stage beauty and wellness entrepreneurs from underrepresented communities, including those identifying as women and/or BIPOC, LGBTQIA+, differently abled, low-income, and seniors above 65. Three visionary entrepreneurs stood out among all the applicants, each bringing a fresh perspective and a bold vision to the beauty and wellness sectors. Their ideas address critical gaps in the market and resonate with consumers seeking innovative and inclusive solutions. Piyush Jain, CEO of Maesa, said, “We are incredibly proud to continue the mission of the Maesa Magic Incubator, which was created to unlock the potential of underrepresented entrepreneurs with powerful ideas but limited access to resources. This year’s winners exemplify innovation, creativity, and a deep commitment to meeting unmet consumer needs through disrupting the beauty industry. We’ve seen firsthand how this program not only accelerates growth through key learnings, mentorship, and funding but also instills confidence in winners, fosters community amongst founders, and creates lasting, powerful industry connections. We can’t wait to see how they will transform the beauty and wellness industry.” During the review process, applications were evaluated on their brand’s understanding of consumer insight and solutions to the insight, the “why” behind their brand, and the brand’s financial viability and go-to-market strategy. Ten finalists emerged with brands pushing boundaries with innovative, creative solutions for consumers; the three winners were then selected after interviews with Maesa’s leadership team.
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