Albany Center for Economic Success

Contestants in the Capital Region 2017 InnovateHER Challenge

Congratulations to all the entrepreneurs who presented!!

Capital Region InnovateHER 2017: Innovating for Women Business Challenge

On Wednesday, May 31st, Cindy Applebaum, President/Publisher of the Albany Business Review; Angela Beddoe, Publisher/Editor of HERLIFE Magazine; Fran O’Rourke, Capital Region Market

Grand Prize Winner: Extendher, LLC

Leader of KeyBank, our Sponsor; and Michael Yevoli, Capital Region Director for Empire State Development listened attentively while 11 entrepreneurs pitched their businesses in the hopes of winning the Capital Region 2017 InnovateHER Challenge.

The top prize, $1,700 for a trip to Washington DC to compete in the finals, went to ExtendHer, LLC, an innovative company that has increased the functionality of outer garments with their development of a USA-made clip-on

extension panel that is compatible with most zippered jackets or coats. The product easily attaches to both sides of the wearer’s coat, creating more room for expecting moms during pregnancy and family members while babywearing.

Created by Maria Messier and her Aunt Joanne Frank, Extendher was born out of necessity when Maria was pregnant with twins and couldn’t zip her coat. At the time, she wore her husband’s but later at a family gathering, she talked with her Aunt, an experienced fashion designer. Seven prototypes later, they had the solution and in 2015, Extendher, LLC was launched.  Extendher is sold at stores locally and online.

Second Prize Winner: Bird’s Brew

The second and third place prizes went to Bird’s Brew, a non-alcoholic craft beer brewery, and Healthy On Lark, a Cafe/Juice bar on Lark Street in Albany, respectively. Sharon Lastique, owner of Healthy On Lark, graduated from our 8-week business planning course in 2013.

The Community Loan Fund/ACES was chosen as the Capital Region sponsor for the SBA InnovateHER Challenge, a national prize competition aimed at spotlighting products and services that impact and empower the lives of women and their families. The Challenge was sponsored locally by KeyBank, enabling the winner to represent the Capital Region in DC, should they make it through the semi-finals.

The winner of the local challenge will advance to the semi-final round of the challenge and her name will be submitted to the SBA. The ten finalists from local competitions throughout the U.S. that best meet the Challenge criteria will be selected to advance to the final round of the competition. If selected as a finalist, the Capital Region winner will compete against finalists from other regions. Each finalist will be offered the opportunity to participate in the InnovateHER Final Challenge to be held in September where they will make a live marketing pitch to a panel of expert judges selected from the private sector. Finalists will compete for one of three cash prizes totaling $70,000.

Third Prize Winner: Healthy On Lark

For a complete description of the Challenge, please click SBA Challenge Rules.

For more information about the SBA Innovate Challenge, please click here. For more information about the Capital Region Challenge, please contact Destiny Watkins at (518) 436-8586 x802 or email Destiny Watkins


Special thanks to KeyBank for its generous support.

Local InnovateHer Press Release 2016 finalist

Past winners of the SBA National InnovateHER Challenge

 

ACES Logo

In early 2010, the nonprofit Albany Center for Economic Success (ACES) was reorganized as a subsidiary of the Community Loan Fund with the support of the Charitable Venture Foundation and guidance from the New York Council of Nonprofits (f/k/a the Council of Community Services). This reorganization has enabled both ACES and the Community Loan Fund to better meet the growing needs of micro and social entrepreneurs in the Capital Region, streamline operations and reduce overhead costs.

The technical assistance programs of the two organizations have been consolidated, with the Community Loan Fund now managing the small business programs as well as the small business incubator and community development facility located at 255 Orange Street, in Albany’s Sheridan Hollow neighborhood.

Community Realty, a social purpose real estate brokerage, is helping to manage the facility. ACES’ mission remains unchanged: to promote successful ownership of sustainable businesses among people of color, women and low-income individuals by providing technical assistance and incubator services. See Who We Are for a listing of the ACES Board of Directors.