Spanning across of categories that include wellness, skin care, hair care, makeup and fragrance, each of the selected brands will receive $50,000 in financial support to help in furthering development along with resources to aid in long-term success. [Read More: Ulta Beauty invests in emerging tech via Prisma Ventures ] The eight participating brands include: [Read More: Ulta Beauty lifts full-year outlook amid strong Q2 ] "I'm so proud to welcome our first Muse Accelerator cohort to Ulta Beauty. These brand founders have worked hard to get to this point, and our program will help them further ignite their potential, fuel growth and reach new heights," said Monica Arnaudo, chief merchandising officer at Ulta Beauty. "As the leading beauty retailer, we understand the importance of greater inclusivity within beauty and the responsibility we have to create equitable opportunities for BIPOC brands to thrive in our industry.