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.
Huggies 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.
Moms -- actually, any women 21 years or older (they don't have to be mothers, but moms probably have a better shot) -- can submit their ideas until June 11 for a chance to win the cash, plus access to Huggies resources.
Steve Paljieg, senior director of growth and innovation for Kimberly-Clark, sees it as a way to craft a business relationship with moms who have an entrepreneurial spirit.