Hofstra University has been selected to serve as a local host of the national InnovateHER Competition, a business plan competition for entrepreneurs to showcase products and services that have a measurable impact on the lives of women and families, a potential for commercialization, and fill a need in the marketplace.
The local competition is being administered by the Hofstra University Center for Entrepreneurship, which was launched in the fall of 2015. The Center for Entrepreneurship focuses on multi-disciplinary entrepreneurship support and education, leveraging the research and entrepreneurial activities at all the University’s schools, including the Maurice A. Deane School of Law, the Frank G. Zarb School of Business, the Hofstra North Shore-LIJ School of Medicine, and the School of Engineering and Applied Science.
The Center for Entrepreneurship also connects Hofstra to Long Island’s entrepreneurial ecosystem. It is led by Executive Dean Mark Lesko.
Applications are due on November 30, 2015 by 12:00 p.m. (noon) and must be E-mailed to Stacey.Sikes@Hofstra.edu. For more information, visit www.hofstra.edu/InnovateHer. Questions may be submitted to Stacey.Sikes@Hofstra.edu until November 27, 2015.
Hofstra University will choose one winner of the local competition to send to the Small Business Administration. The SBA will then choose semi-finalists from the pool of local competition winners and then the semi-finalists will have a chance to win $40,000, $20,000, or $10,000 at the Women’s Summit National Finals in Washington D.C. held on March 16-17, 2016.
The Hofstra University local competition is open to entrepreneurs from Long Island and the New York metropolitan region. The product or service can be in the idea stage. The SBA is looking for new, innovative products and services focused on improving the lives of women and their families. An individual or team or a company may enter the competition (applicants must be over the age of 18).
The Hofstra University submissions will be judged by the Zarb School’s:
- Dr. Elizabeth Venuti, Senior Associate Dean of the Frank G. Zarb School of Business
- Dr. Anne Hamby, Assistant Professor in Marketing and International Business at Hofstra University
- Dr. Veronika Ilyuk, Assistant Professor of Marketing and International Business
Application Requirements for the Competition
A cover page with the following information:
Name of CEO/entrepreneur/team
Company name (if applicable)
Company Address, City, and State
Place of Incorporation
Product/Service website (if applicable)
A concise, concise, two-sentence description of the product or service
A business plan, not to exceed 20 pages (including attachments), which must include the following:
A description of the product/service with a focus on how it will have a measurable impact on the lives of women and families and has the potential for commercialization.
Key team members and background.
Target market and market advantage, with an emphasis on how the product fills a need in the market place.
Intellectual property strategy (if applicable).
A PowerPoint or similar formatted presentation summarizing the business plan, not exceeding ten slides.