The Economic Development Authority of Loudoun County, Virginia (EDA) is administering a $150,000 innovation challenge.

The Loudoun County EDA is running the challenge to “promote entrepreneurship and business growth” from companies based in Loudoun County. The Loudoun Economic Development Innovation Challenge is open to for-profit businesses, nonprofits are not eligible to participate.

Applications will be accepted through March 31 and winners will be announced on May 4 at the Loudoun County Small Business Conference. Four winners will be selected to win innovation grants, with three winners receiving $25,000 each and one winner receiving the grand prize of $75,000. Those interested can submit applications through the challenge’s website.

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