Announcement of InnovateHER: Innovating for Women Business Challenge 2017, 96157-96159 [2016-31470]

Download as PDF asabaliauskas on DSK3SPTVN1PROD with NOTICES Federal Register / Vol. 81, No. 250 / Thursday, December 29, 2016 / Notices (iii) Guide participants to explore their personal entrepreneurial interests and visions; (iv) Address topics such as process, strategy, financing, marketing, human resources, leadership, contracting and market/product development; (v) Guide all participants, by the end of the training, to refine and draft a complete business plan. (3) Mentoring: (i) Provide individualized support on developing entrepreneurial skills and strategies. (4) Community Connections: (i) Opportunities to connect with the local business community and social service providers to increase participants’ financial literacy. (B) Access to Capital (1) Access to micro-lending and other capital/funding opportunities: 2 (i) Link participants with participating microlenders, including SBA Microloan Intermediaries, when appropriate, to fund and grow new businesses; (ii) Provide Assistance to prepare to meet with capital providers, preparing proper documentation, matchmaking events with local lenders and funders, or business pitch events to angel investors, for example. (7) Applicable Law: This Competition is being conducted by SBA pursuant to the America Competes Act (15 U.S.C. 3719) and is subject to all applicable federal laws and regulations. By participating in this competition, each contestant gives its full and unconditional agreement to the Official Rules, located on www.challenge.gov and the related administrative decisions described in this notice, which are final and binding in all matters related to the competition. A contestant’s eligibility for a prize award is contingent upon its fulfilling all requirements identified in this notice and in the Official Rules. Publication of this notice is not an obligation of funds on the part of SBA. SBA reserves the right to modify or cancel this competition, in whole or in part, at any time prior to the award of prizes. (8) Conflicts of Interest: No individual acting as a judge at any stage of this competition may have personal or financial interests in, or be an employee, officer, director, or agent of any contestant or have a familial or financial relationship with a contestant. 2 In 2015, the SBA published a final rule for its Microloan Program allowing microloans to be made by SBA Microloan Intermediaries to small businesses owners currently on probation or parole. 13 CFR 120.707(a). The SBA’s Microloan Program is focused on new businesses and other underserved markets and provides loans up to $50,000. VerDate Sep<11>2014 18:41 Dec 28, 2016 Jkt 241001 (9) Intellectual Property Rights: (i) All entries submitted in response to this competition will remain the sole intellectual property of the individuals or organizations that developed them. By registering and entering a submission, each contestant represents and warrants that it is the sole author and copyright owner of the submission, and that the submission is an original work of the contestant, or if the submission is a work based on an existing application, that the contestant has acquired sufficient rights to use and to authorize others to use the submission, and that the submission does not infringe upon any copyright or upon any other third party rights of which the contestant is aware. (ii) The winning contestant will, in consideration of the prize to be awarded, grant to SBA an irrevocable, royalty-free, exclusive worldwide license to reproduce, distribute, copy, display, create derivative works, and publicly post, link to, and share the solutions or parts thereof that are to be developed as a result of winning this competition or for any official SBA purpose. (10) Publicity Rights: By registering and entering a submission, each contestant consents to SBA’s and its agents’ use, in perpetuity, of its name, likeness, photograph, voice, opinions, and/or hometown and state information for promotional or informational purposes through any form of media, worldwide, without further payment or consideration. (11) Liability and Insurance Requirements: By registering and entering a submission, each contestant agrees to assume any and all risks and waive claims against the Federal Government and its related entities, except in the case of willful misconduct, for any injury, death, damage, or loss of property, revenue, or profits, whether direct, indirect, or consequential, arising from their participation in this competition, whether the injury, death, damage, or loss arises through negligence or otherwise. By registering and entering a submission, each contestant further represents and warrants that it possesses sufficient liability insurance or financial resources to cover claims by a third party for death, bodily injury, or property damage or loss resulting from any activity it carries out in connection with its participation in this competition, or claims by the Federal Government for damage or loss to government property resulting from such an activity. Competition winners shall be prepared to demonstrate proof of insurance or PO 00000 Frm 00202 Fmt 4703 Sfmt 4703 96157 financial responsibility in the event SBA deems it necessary. (12) Record Retention and Disclosure: All submissions and related materials provided to SBA in the course of this competition automatically become SBA records and cannot be returned. Contestants shall identify any confidential commercial information contained in their entries at the time of their submission. Award Approving Official: Lori Gillen, Deputy Associate Administrator, Office of Entrepreneurial Development, U.S. Small Business Administration, 409 Third Street SW., Washington, DC 20416. Authority: America Competes Reauthorization Act of 2010, 15 U.S.C. 3719. Maria Contreras-Sweet, Administrator, U.S. Small Business Administration. [FR Doc. 2016–31455 Filed 12–28–16; 8:45 am] BILLING CODE 8025–01–P SMALL BUSINESS ADMINISTRATION Announcement of InnovateHER: Innovating for Women Business Challenge 2017 U.S. Small Business Administration. ACTION: Notice. AGENCY: The U.S. Small Business Administration (SBA) is conducting the third year of the InnovateHER: Innovating for Women Challenge (the Challenge), pursuant to the America Competes Act, for entrepreneurs to create a product or service that has a measurable impact on the lives of women and families, the potential for commercialization, and fills a need in the marketplace. DATES: The Challenge launches on December 29, 2016. The initial round of the Challenge will take the form of local competitions that will be run across the country beginning December 29, 2016, and ending no later than April 29, 2017. The host organizations running the local competitions must select and submit one winner from each local competition to SBA, along with a nomination package, no later than May 12, 2017. SBA will then select up to ten finalists. The top three winners will be announced no later than July 27, 2017, following a live pitch competition. FOR FURTHER INFORMATION CONTACT: Simona Duffin, Office of Entrepreneurial Development, U.S. Small Business Administration, 409 Third Street SW., 6th Floor, SUMMARY: E:\FR\FM\29DEN1.SGM 29DEN1 asabaliauskas on DSK3SPTVN1PROD with NOTICES 96158 Federal Register / Vol. 81, No. 250 / Thursday, December 29, 2016 / Notices Washington, DC 20416, (202) 205–4401, womenbusiness@sba.gov. SUPPLEMENTARY INFORMATION: 1. Subject of Challenge Competition: The SBA is looking for innovative products and services that help impact and empower the lives of women and families. We know that our workforce looks very different from 50 years ago. Women now make up nearly half of the labor force and play a critical role in our nation’s economic prosperity. Most children live in households where all parents work. And as our population ages, families are increasingly caring for aging parents while balancing the needs of work and home. As the demands on women and families grow, the need for products and services that address these unique challenges increases. This Challenge will provide a platform to fulfill that need. Contestants must develop a product or service that meets the following competition criteria: • 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%). 2. Eligibility Rules for Participating in the Challenge: This Challenge is open only to: (a) 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 (b) 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 other 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 Challenge. 3. Registration Process for Participants: The Challenge launches on December 29, 2016. The initial round of the Challenge will take the form of local competitions that will be run across the country from December 29, 2016, and ending no later than April 29, 2017, by host organizations such as universities, accelerators, clusters, scale-up communities, and SBA Resource Partners. For more information VerDate Sep<11>2014 18:41 Dec 28, 2016 Jkt 241001 regarding these local competitions as it becomes available, please visit www.sba.gov/InnovateHER. SBA will continue to update the list of local competitions as details are confirmed. While these local competitions will be identified as part of the national InnovateHER Challenge and will be conducted in a manner that is consistent with these Challenge rules, they will be administered solely by the local host organizations and will be judged by individuals selected by each host in their sole discretion. At a minimum, however, each application must contain a business plan covering the contestant’s proposed product or service and must satisfy the Challenge criteria identified by SBA in this notice. Following the completion of the local competitions, each host organization will identify one winner that will advance to the semi-final round of the Challenge. For a winning entry that has been submitted by a team of competitors, the host organization must list the team’s self-identified project leader as the winner who will advance to the semi-final round. No later than May 12, 2017, each host organization will submit a nomination package containing the winning individual/ team’s business plan and other required information to SBA, which will administer the semi-final and final rounds of the Challenge. Selection as a semi-finalist following a local competition is the only means of registering for the Challenge. All nominations will be screened by SBA for eligibility. Contestants cannot submit entries directly to SBA. 4. Prize for Winners: Cash prizes totaling $70,000 will be awarded to the three highest-rated contestants in the final round of the competition in the following amounts: 1st Place—$40,000 2nd Place—$20,000 3rd Place—$10,000 For winning entries submitted by teams of competitors, prize money will be awarded to the self-identified project leader for distribution to the rest of the team at their discretion and independently from SBA. 5. Process for Host Organizations: Initial Round—Local Competitions. Organizations that wish to host a local competition as part of the initial round of this Challenge must send a request to the SBA at womenbusiness@sba.gov no later than March 10, 2017, with the following information: a. The organization’s official legal name, street address, city, state; b. Web site of the organization (if applicable); PO 00000 Frm 00203 Fmt 4703 Sfmt 4703 c. The name of the organization’s designated Point of Contact (POC) for the competition, his/her email address, and phone number. SBA will evaluate all requests to host a local InnovateHER competition in its sole discretion and will confirm a host’s participation in writing. Additionally, with some exceptions, organizations that wish to host an InnovateHER competition will be required to agree to the terms of a Co-sponsorship Agreement with the SBA that defines the scope of the relationship for the purposes of InnovateHER and outlines the co-promotion and marketing terms. SBA will notify prospective hosts if such agreement is required. SBA will reject any nomination package submitted to the SBA by an organization that has not been officially confirmed by SBA to participate in the InnovateHER Challenge. Additionally, each host organization will determine the type of local competition, conducted in a manner that is consistent with these Challenge Rules, that will best identify the most innovative and entrepreneurial business ideas, including the type of application that individuals need to prepare in order to compete, and will publicize the competition locally. Host organizations should also notify SBA of the date and location of the local competitions for the purposes of publication at sba.gov/InnovateHER. Semi-Final Round—Submission of Local Winners. No later than May 12, 2017, host organizations must select and submit one winner from the local competition along with a nomination package to SBA through the www.Challenge.gov Web site. The nomination package must contain all of the following items: (a) A single cover page detailing— (i) The Name of the winning individual (in the case of a winning team, please provide the name of the team’s self-identified project lead); Company name (if applicable); Product/ Service Name; Company Address, City, State, and Place of Incorporation (if applicable); Product/Service Web site (if applicable); telephone number of winning individual; and his/her email address. (ii) The host organization’s official legal name, street address, city, state, designated POC, and his/her best contact number and email address. (NOTE: This information must match the information provided by the organization as part of its request to SBA to host a local competition.); (iii) A concise, two-sentence description of the product or service. (NOTE: This description may also be in E:\FR\FM\29DEN1.SGM 29DEN1 asabaliauskas on DSK3SPTVN1PROD with NOTICES Federal Register / Vol. 81, No. 250 / Thursday, December 29, 2016 / Notices promotional or informational materials in connection with InnovateHER.) (b) A Business Plan from the winning individual/team (maximum length: 20 pages, including attachments). (c) A signed Statement of Support prepared by the host organization that explains why the winner of the local competition best satisfied the competition criteria and presented the greatest potential for success (maximum length: 2 pages). Each host organization is responsible for preparing the complete nomination package, including obtaining a copy of the relevant Business Plan from the winner and ensuring that the full package is timely submitted to the SBA via the www.Challenge.gov Web site. 6. Selection of Winners. Semi-Final Round. In the semi-final round of the Challenge, SBA will review the semi-finalist nomination packages submitted by the local competition host organizations and select up to 10 finalists whose products or services, in SBA’s sole judgment, best satisfy the competition criteria identified in Paragraph 1 of this Challenge announcement and present the greatest potential for success. In addition, in order to achieve nationwide distribution of prizes for the purpose of stimulating the growth and development of new products and services across the entire United States and across a diverse range of project types, SBA may take into account nominees’ geographic locations when selecting winners, including support to geographic regions that traditionally have limited access to capital, as well as diversity in the types of products and services. Finalists selected by SBA will be required to sign a form certifying that they meet the eligibility requirements identified in Paragraph 2 above and have complied with these Challenge Rules. Final Round. Each finalist will be offered the opportunity to participate in the InnovateHER Final Challenge to be held on July 27, 2017 where they will make a live marketing pitch to a panel of expert judges drawn from the private sector. The panel of judges will select the three finalists whose pitches, in their sole judgment, best satisfy the competition criteria and present the greatest potential for success and rank them in descending order. Finalists will be responsible for covering their own travel costs for the national competition. 7. Applicable Law: This Challenge is being conducted by SBA pursuant to the America Competes Act (15 U.S.C. 3719) and is subject to all applicable federal laws and regulations. By participating in this Challenge, each contestant gives its full and unconditional agreement to the VerDate Sep<11>2014 18:41 Dec 28, 2016 Jkt 241001 Challenge Rules and the related administrative decisions described in this notice, which are final and binding in all matters related to the Challenge. A contestant’s eligibility for a prize award is contingent upon their fulfilling all requirements identified in this notice. Publication of this notice is not an obligation of funds on the part of SBA. All prize monies are funded through private sector sources. SBA, however, will coordinate with the private sector source regarding instructions for award of the prize purse. SBA reserves the right to modify or cancel this Challenge, in whole or in part, at any time prior to the award of prizes. 8. Conflicts of Interest: No individual acting as a judge at any stage of this Challenge may have personal or financial interests in, or be an employee, officer, director, or agent of any contestant or have a familial or financial relationship with a contestant. 9. Intellectual Property Rights: All entries submitted in response to this Challenge will remain the sole intellectual property of the individuals or organizations that developed them. By registering and entering a submission, each contestant represents and warrants that it is the sole author and copyright owner of the submission, and that the submission is an original work of the contestant, or if the submission is a work based on an existing application, that the contestant has acquired sufficient rights to use and to authorize others to use the submission, and that the submission does not infringe upon any copyright or upon any other third party rights of which the contestant is aware. 10. Publicity Rights: By registering and entering a submission, each contestant consents to SBA’s and its agents’ use, in perpetuity, of its name, likeness, photograph, voice, opinions, and/or hometown and state information for promotional or informational purposes through any form of media, worldwide, without further payment or consideration. In addition, SBA may share the contact information of a contestant with its offices and agents in cases where it believes a contestant may benefit from, or be positioned to assist with, an activity or program sponsored or co-sponsored by SBA. 11. Liability and Insurance Requirements: By registering and entering a submission, each contestant agrees to assume any and all risks and waive claims against the Federal Government and its related entities, except in the case of willful misconduct, for any injury, death, damage, or loss of property, revenue, or profits, whether PO 00000 Frm 00204 Fmt 4703 Sfmt 4703 96159 direct, indirect, or consequential, arising from their participation in this Challenge, whether the injury, death, damage, or loss arises through negligence or otherwise. By registering and entering a submission, each contestant further represents and warrants that it possesses sufficient liability insurance or financial resources to cover claims by a third party for death, bodily injury, or property damage or loss resulting from any activity it carries out in connection with its participation in this Challenge, or claims by the Federal Government for damage or loss to Government property resulting from such an activity. Contest winners should be prepared to demonstrate proof of insurance or financial responsibility in the event SBA deems it necessary. 12. Record Retention and Disclosure: All nomination packages and related materials provided to SBA in the semifinal and final rounds of the Challenge automatically become SBA records and cannot be returned. Contestants should identify any confidential commercial information contained in their entries at the time of their submission to the local Host Organization. SBA will notify contestants of any Freedom of Information Act requests the Agency receives related to their submissions in accordance with 13 CFR part 102. Award Approving Official: Bruce Purdy, (Acting) Assistant Administrator, Office of Women’s Business Ownership, U.S. Small Business Administration, 409 Third Street SW., Washington, DC 20416. Authority: America Competes Reauthorization Act of 2010, 15 U.S.C. 3719. Dated: December 22, 2016. Bruce Purdy, (Acting) Assistant Administrator, Office of Women’s Business Ownership. [FR Doc. 2016–31470 Filed 12–28–16; 8:45 am] BILLING CODE 8025–01–P SMALL BUSINESS ADMINISTRATION [License No. 03/03–0264] Boathouse Capital II, L.P.; Notice Seeking Exemption Under Section 312 of the Small Business Investment Act, Conflicts of Interest Notice is hereby given that Boathouse Capital II, L.P., 200 West Lancaster Avenue, Suite 206, Wayne, PA 19087, Federal Licensees under the Small Business Investment Act of 1958, as amended (‘‘the Act’’), in connection with the financing of a small concern, has sought an exemption under Section 312 of the Act and Section 107.730, E:\FR\FM\29DEN1.SGM 29DEN1

Agencies

[Federal Register Volume 81, Number 250 (Thursday, December 29, 2016)]
[Notices]
[Pages 96157-96159]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-31470]


-----------------------------------------------------------------------

SMALL BUSINESS ADMINISTRATION


Announcement of InnovateHER: Innovating for Women Business 
Challenge 2017

AGENCY: U.S. Small Business Administration.

ACTION: Notice.

-----------------------------------------------------------------------

SUMMARY: The U.S. Small Business Administration (SBA) is conducting the 
third year of the InnovateHER: Innovating for Women Challenge (the 
Challenge), pursuant to the America Competes Act, for entrepreneurs to 
create a product or service that has a measurable impact on the lives 
of women and families, the potential for commercialization, and fills a 
need in the marketplace.

DATES: The Challenge launches on December 29, 2016. The initial round 
of the Challenge will take the form of local competitions that will be 
run across the country beginning December 29, 2016, and ending no later 
than April 29, 2017. The host organizations running the local 
competitions must select and submit one winner from each local 
competition to SBA, along with a nomination package, no later than May 
12, 2017. SBA will then select up to ten finalists. The top three 
winners will be announced no later than July 27, 2017, following a live 
pitch competition.

FOR FURTHER INFORMATION CONTACT: Simona Duffin, Office of 
Entrepreneurial Development, U.S. Small Business Administration, 409 
Third Street SW., 6th Floor,

[[Page 96158]]

Washington, DC 20416, (202) 205-4401, womenbusiness@sba.gov.

SUPPLEMENTARY INFORMATION: 
    1. Subject of Challenge Competition: The SBA is looking for 
innovative products and services that help impact and empower the lives 
of women and families. We know that our workforce looks very different 
from 50 years ago. Women now make up nearly half of the labor force and 
play a critical role in our nation's economic prosperity. Most children 
live in households where all parents work. And as our population ages, 
families are increasingly caring for aging parents while balancing the 
needs of work and home. As the demands on women and families grow, the 
need for products and services that address these unique challenges 
increases. This Challenge will provide a platform to fulfill that need.
    Contestants must develop a product or service that meets the 
following competition criteria:
     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%).
    2. Eligibility Rules for Participating in the Challenge: This 
Challenge is open only to: (a) 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 (b) 
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 
other 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 Challenge.
    3. Registration Process for Participants: The Challenge launches on 
December 29, 2016. The initial round of the Challenge will take the 
form of local competitions that will be run across the country from 
December 29, 2016, and ending no later than April 29, 2017, by host 
organizations such as universities, accelerators, clusters, scale-up 
communities, and SBA Resource Partners. For more information regarding 
these local competitions as it becomes available, please visit 
www.sba.gov/InnovateHER. SBA will continue to update the list of local 
competitions as details are confirmed. While these local competitions 
will be identified as part of the national InnovateHER Challenge and 
will be conducted in a manner that is consistent with these Challenge 
rules, they will be administered solely by the local host organizations 
and will be judged by individuals selected by each host in their sole 
discretion. At a minimum, however, each application must contain a 
business plan covering the contestant's proposed product or service and 
must satisfy the Challenge criteria identified by SBA in this notice.
    Following the completion of the local competitions, each host 
organization will identify one winner that will advance to the semi-
final round of the Challenge. For a winning entry that has been 
submitted by a team of competitors, the host organization must list the 
team's self-identified project leader as the winner who will advance to 
the semi-final round. No later than May 12, 2017, each host 
organization will submit a nomination package containing the winning 
individual/team's business plan and other required information to SBA, 
which will administer the semi-final and final rounds of the Challenge. 
Selection as a semi-finalist following a local competition is the only 
means of registering for the Challenge. All nominations will be 
screened by SBA for eligibility. Contestants cannot submit entries 
directly to SBA.
    4. Prize for Winners: Cash prizes totaling $70,000 will be awarded 
to the three highest-rated contestants in the final round of the 
competition in the following amounts:

1st Place--$40,000
2nd Place--$20,000
3rd Place--$10,000

    For winning entries submitted by teams of competitors, prize money 
will be awarded to the self-identified project leader for distribution 
to the rest of the team at their discretion and independently from SBA.
    5. Process for Host Organizations:
    Initial Round--Local Competitions. Organizations that wish to host 
a local competition as part of the initial round of this Challenge must 
send a request to the SBA at womenbusiness@sba.gov no later than March 
10, 2017, with the following information:
    a. The organization's official legal name, street address, city, 
state;
    b. Web site of the organization (if applicable);
    c. The name of the organization's designated Point of Contact (POC) 
for the competition, his/her email address, and phone number.
    SBA will evaluate all requests to host a local InnovateHER 
competition in its sole discretion and will confirm a host's 
participation in writing. Additionally, with some exceptions, 
organizations that wish to host an InnovateHER competition will be 
required to agree to the terms of a Co-sponsorship Agreement with the 
SBA that defines the scope of the relationship for the purposes of 
InnovateHER and outlines the co-promotion and marketing terms. SBA will 
notify prospective hosts if such agreement is required. SBA will reject 
any nomination package submitted to the SBA by an organization that has 
not been officially confirmed by SBA to participate in the InnovateHER 
Challenge. Additionally, each host organization will determine the type 
of local competition, conducted in a manner that is consistent with 
these Challenge Rules, that will best identify the most innovative and 
entrepreneurial business ideas, including the type of application that 
individuals need to prepare in order to compete, and will publicize the 
competition locally. Host organizations should also notify SBA of the 
date and location of the local competitions for the purposes of 
publication at sba.gov/InnovateHER.
    Semi-Final Round--Submission of Local Winners. No later than May 
12, 2017, host organizations must select and submit one winner from the 
local competition along with a nomination package to SBA through the 
www.Challenge.gov Web site. The nomination package must contain all of 
the following items:
    (a) A single cover page detailing--
    (i) The Name of the winning individual (in the case of a winning 
team, please provide the name of the team's self-identified project 
lead); Company name (if applicable); Product/Service Name; Company 
Address, City, State, and Place of Incorporation (if applicable); 
Product/Service Web site (if applicable); telephone number of winning 
individual; and his/her email address.
    (ii) The host organization's official legal name, street address, 
city, state, designated POC, and his/her best contact number and email 
address. (Note: This information must match the information provided by 
the organization as part of its request to SBA to host a local 
competition.);
    (iii) A concise, two-sentence description of the product or 
service. (Note: This description may also be in

[[Page 96159]]

promotional or informational materials in connection with InnovateHER.)
    (b) A Business Plan from the winning individual/team (maximum 
length: 20 pages, including attachments).
    (c) A signed Statement of Support prepared by the host organization 
that explains why the winner of the local competition best satisfied 
the competition criteria and presented the greatest potential for 
success (maximum length: 2 pages). Each host organization is 
responsible for preparing the complete nomination package, including 
obtaining a copy of the relevant Business Plan from the winner and 
ensuring that the full package is timely submitted to the SBA via the 
www.Challenge.gov Web site.
    6. Selection of Winners.
    Semi-Final Round. In the semi-final round of the Challenge, SBA 
will review the semi-finalist nomination packages submitted by the 
local competition host organizations and select up to 10 finalists 
whose products or services, in SBA's sole judgment, best satisfy the 
competition criteria identified in Paragraph 1 of this Challenge 
announcement and present the greatest potential for success. In 
addition, in order to achieve nationwide distribution of prizes for the 
purpose of stimulating the growth and development of new products and 
services across the entire United States and across a diverse range of 
project types, SBA may take into account nominees' geographic locations 
when selecting winners, including support to geographic regions that 
traditionally have limited access to capital, as well as diversity in 
the types of products and services. Finalists selected by SBA will be 
required to sign a form certifying that they meet the eligibility 
requirements identified in Paragraph 2 above and have complied with 
these Challenge Rules.
    Final Round. Each finalist will be offered the opportunity to 
participate in the InnovateHER Final Challenge to be held on July 27, 
2017 where they will make a live marketing pitch to a panel of expert 
judges drawn from the private sector. The panel of judges will select 
the three finalists whose pitches, in their sole judgment, best satisfy 
the competition criteria and present the greatest potential for success 
and rank them in descending order. Finalists will be responsible for 
covering their own travel costs for the national competition.
    7. Applicable Law: This Challenge is being conducted by SBA 
pursuant to the America Competes Act (15 U.S.C. 3719) and is subject to 
all applicable federal laws and regulations. By participating in this 
Challenge, each contestant gives its full and unconditional agreement 
to the Challenge Rules and the related administrative decisions 
described in this notice, which are final and binding in all matters 
related to the Challenge. A contestant's eligibility for a prize award 
is contingent upon their fulfilling all requirements identified in this 
notice. Publication of this notice is not an obligation of funds on the 
part of SBA. All prize monies are funded through private sector 
sources. SBA, however, will coordinate with the private sector source 
regarding instructions for award of the prize purse. SBA reserves the 
right to modify or cancel this Challenge, in whole or in part, at any 
time prior to the award of prizes.
    8. Conflicts of Interest: No individual acting as a judge at any 
stage of this Challenge may have personal or financial interests in, or 
be an employee, officer, director, or agent of any contestant or have a 
familial or financial relationship with a contestant.
    9. Intellectual Property Rights: All entries submitted in response 
to this Challenge will remain the sole intellectual property of the 
individuals or organizations that developed them. By registering and 
entering a submission, each contestant represents and warrants that it 
is the sole author and copyright owner of the submission, and that the 
submission is an original work of the contestant, or if the submission 
is a work based on an existing application, that the contestant has 
acquired sufficient rights to use and to authorize others to use the 
submission, and that the submission does not infringe upon any 
copyright or upon any other third party rights of which the contestant 
is aware.
    10. Publicity Rights: By registering and entering a submission, 
each contestant consents to SBA's and its agents' use, in perpetuity, 
of its name, likeness, photograph, voice, opinions, and/or hometown and 
state information for promotional or informational purposes through any 
form of media, worldwide, without further payment or consideration. In 
addition, SBA may share the contact information of a contestant with 
its offices and agents in cases where it believes a contestant may 
benefit from, or be positioned to assist with, an activity or program 
sponsored or co-sponsored by SBA.
    11. Liability and Insurance Requirements: By registering and 
entering a submission, each contestant agrees to assume any and all 
risks and waive claims against the Federal Government and its related 
entities, except in the case of willful misconduct, for any injury, 
death, damage, or loss of property, revenue, or profits, whether 
direct, indirect, or consequential, arising from their participation in 
this Challenge, whether the injury, death, damage, or loss arises 
through negligence or otherwise. By registering and entering a 
submission, each contestant further represents and warrants that it 
possesses sufficient liability insurance or financial resources to 
cover claims by a third party for death, bodily injury, or property 
damage or loss resulting from any activity it carries out in connection 
with its participation in this Challenge, or claims by the Federal 
Government for damage or loss to Government property resulting from 
such an activity. Contest winners should be prepared to demonstrate 
proof of insurance or financial responsibility in the event SBA deems 
it necessary.
    12. Record Retention and Disclosure: All nomination packages and 
related materials provided to SBA in the semi-final and final rounds of 
the Challenge automatically become SBA records and cannot be returned. 
Contestants should identify any confidential commercial information 
contained in their entries at the time of their submission to the local 
Host Organization. SBA will notify contestants of any Freedom of 
Information Act requests the Agency receives related to their 
submissions in accordance with 13 CFR part 102.
    Award Approving Official: Bruce Purdy, (Acting) Assistant 
Administrator, Office of Women's Business Ownership, U.S. Small 
Business Administration, 409 Third Street SW., Washington, DC 20416.

    Authority: America Competes Reauthorization Act of 2010, 15 
U.S.C. 3719.

    Dated: December 22, 2016.
Bruce Purdy,
(Acting) Assistant Administrator, Office of Women's Business Ownership.
[FR Doc. 2016-31470 Filed 12-28-16; 8:45 am]
BILLING CODE 8025-01-P