2017 Innovating for Women Business Challenge
DEADLINE June 3, 2017
SBA is launching a nationwide competition to find the most innovative products and services that...
- Have a measurable impact on the lives of women and families (30%)
- Have the potential for commercialization (40%)
- Fills a need in the marketplace (30%)
57% of working age women participate in the labor force
74% of employed women work full-time
70% of working women have children under 18 years old
As demands on women and families grow, the need for products, services, and technologies that address unique challenges increases. This challenge provides a platform to address these unique challenges. The InnovateHER competition is open to entrepreneurs throughout the United States who are developing products or services that help impact and empower women and families.
InnovateHER Competition Process:
- The first round of InnovateHER consists of local competitions being held across the U.S. from December - June. In North Dakota the local competition will be coordinated through Center for Technology & Business with the help of other SBA resource partners in the state.
- One winner from each local competition will be submitted to the SBA during a semi-finalist round, the ND winner will be announced in July 2017.
- SBA will then identify no more than 10 national finalists from the submitted semi-finalists. Each finalist will be offered the opportunity to make a live marketing pitch to a panel of expert judges drawn from the private sector in September 2017 in Washington, D.C.
- Cash prizes totaling $70,000 will be awarded to the three highest-rated contestants nationally in the final round of the Challenge in the following amounts: 1st place - $40,000, 2nd place - $20,000, 3rd place - $10,000
How to Participate:
- Complete Part 1 of the InnovateHER application for the ND competition at http://trainingnd.com/women-owned-business/innovateher-application by 11:59 pm on June 3, 2017.
- Email a business plan (Part 2) to email@example.com by 11:59 pm on June 3, 2017. The business plan should cover your proposed product or service and must satisfy the Competition criteria - measurable impact on the lives of women and families, has the potential for commercialization, and fills a need in the marketplace.
For answers to Frequently Asked Questions visit http://trainingnd.com/women-owned-business/innovateher-faq
For official Competition Rules visit https://www.challenge.gov/challenge/2017-innovateher-innovating-for-women-business-challenge/