Tory Burch: 'We are using the pandemic as an opportunity to reset'

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Tory Burch

Photo by ANGELA WEISS

On Monday, Tory Burch surprised 50 women across the nation with a surprise Zoom call to personally congratulate the founders on being selected for the fifth annual Tory Burch Foundation Fellows Program, which supports the empowerment of women entrepreneurs.

The fellowship, which receives thousands of applications annually, provides women entrepreneurs with $5,000 for business education and access to an online community of peers, along with one year of virtual workshops, webinars and networking. Since its launch in 2015, the Fellows program has provided over $800,000 in grants to 130 early-stage women entrepreneurs.

This comes at a time when small businesses are struggling in the wake of the coronavirus lockdown. According to a study by researchers at the University of Illinois, Harvard Business School, Harvard University and the University of Chicago, at least 100,000 small businesses have shuttered since mid-March, and analysts

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