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Mentor Scholarship Programme

“Fashion Equipped Launches $10,000 Fashion Mentoring Scholarship Prize!”

Mentorship is a core value at Fashion Equipped and founder Elizabeth Formosa regularly contributes her time to industry initiatives, providing mentoring services to emerging fashion businesses.

Fashion Equipped is very excited to announce the launch of a Fashion Equipped Mentorship Scholarship – valued at $10,000 – offered to a graduate of the Fashion Equipped Online “Start Your Fashion Business” Programme in 2018.  Applications will be considered based on a pitch presentation and selected by an industry panel review process.

 Details of the Scholarship

12 Month Period – Commencing September 2018 

  • $2,000 Cash Prize
  • Initial half day business development consultation
  • Recommendation report and strategic action plan
  • Bi-monthly top level strategic mentoring sessions
  • 1 x Brand consultation
  • 1 x Product consultation
  • 2 x Marketing consultations
  • Access to FE Workshops
  • Access to FE Networks

How to apply

  • Eligibility Criteria

    • You must have 100% completed the “Start Your Fashion Business” Online Programme as part of the September 2017 or February 2018 programme commencement dates and be ready to or have started your fashion business.

  • When

    • The $10,000 Scholarship will be awarded and commence in September 2018.
    • Applications will open for 2017 students on the 12th February 2018 and close on the 26th February, with pitch presentations taking place in April 2018
    • Applications will open for 2018 students on the 14th May 2018 and close on the 28th May
    • Pitch presentations for 2018 students will commence mid July 2018
    • Each applicant will be allocated a date and time and notified in advance.
    • Applicants will be notified by Fashion Equipped if they are selected to present their pitch.
    • Applicants who are not selected to present will receive notification.
    • Each Applicant will have 90 Minutes to present
    • Detailed instructions will be sent to each applicant to prepare when they are advised of their selection.

  • How

    • Applicants will be required to prepare a ‘Pitch presentation’ to a panel of Industry Professionals. In order to be considered, presentations need to include:
      • Business goals
      • Market research
      • Financial plan
      • Brand strategy
      • Product presentation (sample or concepts)
      • Sourcing strategy
      • Sales and inventory plan
      • Marketing plan
      • How the applicant believes they would benefit from the Scholarship and how they would use the $2,000 prize and mentoring to benefit the growth of their business.

  • Where

    • If the applicant is based in Victoria or willing to travel then presentations will take place at Fashion Equipped HQ in South Yarra, Melbourne, Victoria.
    • If the Applicant is not based in Melbourne, then the presentation (and Mentoring, if successful) will be conducted via Video Conferencing.

  • Award

    • The Fashion Equipped 12 Month Mentoring Scholarship will be awarded to the applicant who the panel deems can BEST benefit from the Scholarship on offer
    • Fashion Equipped is looking for a business concept that that has the potential to fully operational within 12 months and has the potential to scale.

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