In partnership with nonprofit GlobalGiving, the Sara Blakely Foundation has established the Red Backpack Fund, a resource that gives 1,000 grants of up to $5,000 each to female entrepreneurs nationwide through September and October of this year.

The latest application period opened today and will continue until Sept. 15 at 12 p.m. EST. Those eligible are encouraged to apply quickly — this is the final cycle.

To be eligible, a business must be at least 51 percent majority woman-owned, have fewer than 50 employees, have annual revenues that don’t exceed $5 million in the last three years, and more.

In addition to the $5,000 grant, those selected will receive a “lucky” red backpack and a free all-access pass to a MasterClass that includes a course led by Sara Blakley, according to the GlobalGiving website.

For more information, go to the GlobalGiving website.