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InnovateHERs Scholarship Challenge

Empowering the next generation of female entrepreneurs and business leaders

Apply on Bold.org →
Apply as an International Applicant →

Applicants From Around the World

400+ applicants have sent in business plans from 243 cities across 28 countries and 41 U.S. states. Explore where they're building from.

Each dot is a city, not a person. Lots of applicants come from the same place, so there are far fewer dots than applications!

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About the Scholarship

Built for Bold Women in Business

Women bring unique perspectives, creative ideas, and the dedication necessary to launch successful businesses that benefit their communities. Yet very few resources exist for young women who want to start businesses, facing stereotypes, biases, financial struggles, and other challenges along the way.


This scholarship supports female students who plan to spend their careers as entrepreneurs and business leaders. Any female-identifying high school student with an interest in business may apply.


Here's how it works: the challenge is tri-annual, running three times a year, so there's always another round coming up. You can apply to as many rounds as you like until you win (past winners can't win again). Instead of an essay, you submit a two-page business plan for a product or service of your choice, real or hypothetical. Our judges pick 10-20 finalists, and from them, 3 winners each receive a $500 scholarship and are featured here on our website.

Wishing you the best of business! ♥lots of love, the InnovateHERs team

Key Dates
Now
Applications open
September 29
Business plans due
October 29
Finalists & winners announced
today!
= today
Elara Hair, Spring 2026 first-place winners Spring 2026 winners ↓
How to Apply

Create a Business Plan

No essay required! Instead, submit a compelling two-page business plan for a product or service of your choice, real or hypothetical. Your plan will be judged on innovation, vision, and practicality.

Business Name & Concept

A short elevator pitch (1–3 sentences) explaining your idea.

Product or Service Description

What it is, how it works, and what problem it solves.

Visual Representation

At least one image or design: a mockup, prototype photo, sketch, or model.

Target Market

Who it's for and why they would buy it.

Value Proposition

Why your idea stands out from competitors.

Financial Plan

Startup costs, expenses, revenue estimates, and potential funding sources.

Implementation Plan

A rough timeline and key steps for bringing the idea to life.

Social Impact (optional)

Any positive societal or environmental effect of your business.

Grading Rubric

How You'll Be Scored

Selection also considers: Ambition, Drive, and Impact.

Our Scholarship Winners

Spring 2026 Round

Prize amounts were different in this round. Now, all 3 winners each receive $500!

1st$500
Elara Hair
Elara Hair
by Chloe Yang, Tanisha Shaw & Cleo Wang
Read the business plan →
2nd$250
Code Bridge
Code Bridge
by Chizara Anyanwu
Read the business plan →
3rd$100
Fit Her
Fit Her
by Shreya Kumar
Read the business plan →