If you’re confident your business plan could be the next big thing, the Cartier Women’s Initiative Awards could be just the stepping stone you need to make your idea a reality. Held for the 10th year, the international business plan competition is looking for committed female entrepreneurs who have the tenacity and potential to grow in the industry.

And if you’re not yet convinced, watchmaker and jeweler Cartier has increased the Awards grant from $20,000 to $100,000 (a five-fold increase for those counting), besides a place in the INSEAD Social Entrepreneurship 6-Day Executive Programme (ISEP), business mentoring, media visibility and networking opportunities.

Held in partnership with the INSEAD business school, Women’s Forum and global management consultancy firm McKinsey & Company, the 2017 Cartier Women’s Initiative Awards is slated to be held at Singapore’s INSEAD campus. Here’s how the competition works: the first phase of the contest will see 18 finalists with the best project ideas worldwide receive coaching and media exposure in lieu of a presentation in front of an international jury at Finale Week, where six Laureates will be chosen.

Selection is based on three criteria – innovation, financial viability and demonstrable social or environmental impact – and women from any country, nationality and industry are welcomed to participate. As Richard Branson once pointed out, “No idea is too small, and all sorts of ideas have potential to change the world as we know it for the better,” so register your business plan now.

Applications for the Cartier Women’s Initiative Awards closes on August 31, 2016 10 a.m. Paris time (CET).