The business world is dominated, by a considerable margin, by men. Women receive about 7 cents on the dollar compared to men when it comes to venture capital funding.
In all fairness, getting a business to the point where it would either be accepted by venture capitalists or starting one primarily with VC money is no easy feat for a man or a woman. Recognizing that women do face special challenges when it comes to starting a business, the Small Business Administration (SBA) created the InnovateHER program three years ago. It was created to both highlight projects led by women that benefit women, and give them the funds necessary to take their business to the next level.
Unlike some women-specific grants, the InnovateHER program allows businesses to participate, not restricting the scope of eligibility to just individuals.
For the 2017 iteration of the challenge, there will be $70,000 up for grabs split among the top …