Informational Meeting for InnovateHER Submission
InnovateHER Submission Information for the Salida Business Incubator.
Please visit and review the full competition rules at www.sba.gov/innovateHER.
An information meeting will be held at the Salida Business Incubator on
Monday October 19th from 6:00 – 8:00 p.m.
to answer questions with the judging panel on the InnovateHER competition. Applications must be received by COB, Wed, October 21st, 2015.
Submit applications to: Salida Business Incubator
Attn: Alison Brown, Suite 100, 101 N F Street, Salida, CO 81201
Contact: alison@salidabi.org
Applications must include:
An email or single page detailing –
· The name of the individual or team
· Best contact information including home or business addresses with telephone, website (if applicable), and e-mail address
· A concise, one-paragraph description of the product or service
Qualified applicants will be selected to give a presentation to a panel of judges, at The Salida Business Incubator , on November 2nd, 5:30 -7:30 pm. The judges will then select semi-finalists for the regional InnovateHER competition. Semi-finalists will be invited to attend a workshop or coaching session to receive assistance in developing a Business Plan which will be required for the selected regional finalist that proceed to the national competition. The business plan will be similar to what you would submit to a lender if you were seeking financing for your business. Initial business plan submissions are required by November 18th at which time the judges will select the regional finalist and work with them to prepare the nomination package for submission to the SBA for inclusion in the national competition. The SBA will select 10 finalists from the regional submissions who will be offered the opportunity to participate in the InnovateHER Final Challenge to be held on March 17, 2016 in the Washington, D.C. metro area
for the $70,000 in prizes. Financial assistance will be available for travel if the Salida Business Incubator candidate is selected as a national finalist.
Competition Criteria:
· The SBA is looking for entrepreneurs to create a product or service that has a measurable impact on the lives of women and families (30%), has the potential for commercialization (40%), and fills a need in the marketplace (30%).
Eligibility:
· This Challenge is open only to: (1) citizens or permanent residents of the United States who are at least eighteen (18) years of age at the time of their submission of an entry (or teams of such individuals); and (2) private entities, such as corporations or other organizations, that are incorporated in and maintain a primary place of business in the United States. Individuals submitting on behalf of corporations, nonprofits, or groups of individuals (such as an academic class or other team) must meet the eligibility requirements for individual contestants. An individual may belong to more than one team submitting an entry in this Challenge. SBA employees are not eligible, nor are Federal entities or Federal employees acting within the scope of their employment. Individuals or organizations that are currently suspended or disbarred by the federal government are not eligible for this competition.
