JERSEY CITY, N.J. — Ernst & Young LLP has named IT Cosmetics (Innovative Technology Cosmetics) co-founder and CEO Jamie Kern Lima as a 2013 Entrepreneurial Winning Woman.
Kern Lima is one of 12 winners of the 2013 Entrepreneurial Winning Women competition, which is part of the Entrepreneur of The Year Awards. It is a national leadership program designed to help accelerate growth of high-potential businesses founded by female entrepreneurs. The winners are selected by a panel of independent judges from a pool of thousands of candidates nationwide.
Prior to launching the prestige color cosmetics line in 2008, Kern Lima spent several years as an award-winning TV news anchor, where having to look awake and perky for the 5 a.m. news inspired many of her problem-solving products.
IT Cosmetics has received multiple industry awards, including more than 200 press placements in prestige beauty and consumer magazines and TV segments. IT Cosmetics is sold in Ulta Beauty stores and can be found on QVC, The Shopping Channel Canada and others, and recently partnered with Guthy-Renker to develop an infomercial set to launch in 2014. IT Cosmetics has garnered more than $70 million in retail sales in 2013 and, according to the company, is on track for continued growth in 2014.
Launched six years ago, the EY Entrepreneurial Winning Women program aims to help women entrepreneurs whose companies show potential to scale big and become market leaders. According to an independent assessment by Babson College, the program is working. Participant companies have an average growth of nearly 50% per year and a corresponding 26% average growth in the number of jobs they provide.
Once selected, the entrepreneurs participate in an ongoing, customized program designed by EY to catalyze their companies' growth by building and fostering critical relationships, enhancing leadership skills, expanding business acumen and providing increased visibility.
The Entrepreneurial Winning Women program is conducted in collaboration with several organizations that encourage the development of women-owned businesses, including the Women Presidents' Organization, the Women's Business Enterprise National Council, the National Association of Women Business Owners, The Committee of 200, the Kauffman Foundation and Babson College's Center for Women's Leadership.