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Cash for creative moms

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At some point — usually in the middle of the night during the umpteenth feeding/diaper change of their child’s young life — most parents think they have come up with the greatest idea EVER that could revolutionize baby and child care.

HuggiesMomInspiredHuggies wants to give the most inventive moms a bit of a financial boost.  Just in time for Mother’s Day, the diaper brand and parent Kimberly-Clark have set up a grant program called MomInspired.  The goal is to give away up to $15,000 to each woman with a great idea for a baby product.

The seed capital could help entrepreneurs grow their ideas into businesses.

There are about 10.6 million women-owned businesses in the United States and women are starting businesses at nearly twice the rate of men, Kimberly-Clark Chief Marketing Officer Tony Palmer noted, citing data from the Center for Women’s Business Research.  However, it is still men who get the vast majority of the venture capital funding that is already out there.

“There’s this huge unmet need for seed capital for women,” Palmer told Reuters.

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