The Loudoun County Economic Development Authority has announced a new competition for entrepreneurs seeking to take their business to the next level. The 2020 Innovation Challenge will award a first prize grant of $75,000 and up to three $25,000 grants to companies that are developing truly innovative products and services in Loudoun County.
Small business owners and entrepreneurs are encouraged to apply before March 31, 2020. Applications will be considered on a rolling basis, and must include business plans and the most recent annual financial statements, which will be reviewed by the authority’s members.
Finalists will be asked to make an in-person pitch to the EDA. Winners will be chosen at the discretion of the EDA and announced in a timely fashion.
Interested applicants must have a for-profit business model and physical location in Loudoun, or commit to establishing future office space or jobs in the county.
Please click here for a list of full terms and conditions associated with the Loudoun Innovation Challenge.
The 2020 Loudoun Innovation Challenge is now closed for submissions. Please check back for more details on the winning companies and future challenges!