Halstead Bead Inc is inviting jewelry designers to enter its 6th annual grant competition for new entrepreneurs in the industry. The winner of the 2011 business development grant will receive $6,000 in cash and merchandise as well as other benefits.
Designers utilizing jewelry making techniques such as metalsmithing, lampworking, metal clay, wire wrapping, beading, or casting are eligible to enter the competition. Candidates must be US citizens who began their businesses after January 1, 2008. Their design companies must focus on “bridge jewelry” which is the segment between costume jewelry and fine jewelry that includes accessories in sterling silver, semi-precious stones, crystal, freshwater pearls and other similar materials. This segment is also known as “craft jewelry” or “art jewelry.”
Complete application details can be found at http://www.halsteadbead.com/Grant. Candidates are required to submit a design portfolio, resume and answers to several business planning questions. Applications must be received between April 15 and June 6, 2011. The grant website also includes several helpful articles on launching a national jewelry business as well as information on past winners and finalists. Previous grant winners include Cowboy’s Sweetheart Jewelry, VOSTENAKstudios, Bridgland Studios, Belle Brooke Designs, and Ananda Khalsa Jewelry.
The Halstead Grant differs from other jewelry industry competitions because of its emphasis on small business skills. Jewelry entrepreneurs applying for the grant must demonstrate not only extraordinary design, but also a strong business strategy. The application experience promotes the small business planning required to make a jewelry brand commercially viable at the national level in today’s competitive market. The award was previously known as The Jewelry Design Business Development Grant; however, it has been renamed in 2011.