SBA unveils "InnovateHER" business competition for women

The Small Business Administration has launched the 2017 InnovateHER: Innovating for Women Business Challenge, a nationwide business competition to drive attention and resources to innovative products and services that make lives easier and longer.


InnovateHER: Innovating for Women Business Challenge officially kicks off in winter of 2017.   File photo

The Small Business Administration (SBA) has launched the 2017 InnovateHER: Innovating for Women Business Challenge, a nationwide business competition to drive attention and resources to innovative products and services that make lives easier and longer.

Competitors will vie for $70,000 in prize money provided to SBA for the InnovateHER competition through a gift from the Sara Blakely Foundation.

"I decided to launch this annual competition two years ago so that we could begin to address that opportunity gap, because when women have an equal role in the marketplace and are able to chart their own paths, our nation as a whole is stronger and more globally competitive,” SBA Administrator Maria Contreras-Sweet said.

From the pool of semifinalists, SBA will select up to 10 finalists who will be invited to the National InnovateHER: Innovating for Women Business Challenge to be held in mid-2017.

The finalists will pitch their products and ideas to a panel of expert judges and compete for the top three awards along with $70,000 in prizes.

InnovateHER: Innovating for Women Business Challenge officially kicks off in winter of 2017 with local competitions to be hosted by universities, accelerators, clusters, scale-up communities, SBA resource partners, and other economic development organizations. For more information including competition rules, go to www.sba.gov/innovateHER.

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