2023 Small Business Challenge
WHAT & WHY
Do you have an idea for a business? What about an idea that can help spur development in Downtown Lafayette? The Small Business Challenge is welcoming applicants to submit business ideas to activate a prime location with a dynamic new food & beverage, retail, or other creative business concept!
The winning contestant will receive a significant capital infusion of up to $100,000 and a lease to a unique downtown property – the historic Sans Souci Building.
The Sans Souci Building, located in Parc Sans Souci in Downtown Lafayette, is a 1,200 sq ft building first constructed in the 1840s. It’s Lafayette’s oldest, most storied commercial building, and over the years has been an inn, a newspaper office, a crafts store, and home to the much-beloved Sans Souci Bookstore (the original namesake for the park).
HOW DO I APPLY
The application (due October 13) requests basic information about you and your business concept, along with the components of a “Lean Canvas” – a one-page business plan template that helps you deconstruct your business idea into its key assumptions.
Don’t worry, this information should be simple to complete, and a “Lean Canvas” workshop will be offered if you need guidance on that portion.
CLICK HERE TO APPLY!
Up to 20 applicants will be selected to proceed to Round 2. See the full timeline below.
RECENT & UPCOMING WORKSHOPS
An Information Session was held on Sept. 13. Click here to download the Information Packet.
Lean Canvas Workshop
A “Lean Canvas” workshop will be held on Sept. 28 at 5:30 p.m. via Zoom.
|Business Challenge Information Session||September 13|
|"Lean Canvas" workshop*||September 28|
|Initial application and "Lean Canvas" due||October 13|
|Notification of selections for Round 2 (20 max)||October 27|
|Business development workshops*||November 1, 8, 15|
|If financing needed, apply by this date||December 6|
|Final application due, with full business plan||January 5|
|Notifications of selections for Round 3 (10 max)||January 19|
|Workshop (required) on how to pitch||January 24|
|Business Challenge Pitch Competition||February 9|
|Notification of Business Challenge Winner||Week of February 19|
*Workshops in Rounds 1 & 2 are strongly encouraged but not mandatory – they will also be recorded.
This challenge is made possible through One Acadiana's investors, in partnership with Downtown Development Authority, Lafayette Public Trust Financing Authority (LPTFA), Lafayette Economic Development Authority (LEDA), the Louisiana Small Business Development Center (LSBDC), Opportunity Machine, and the LEED Center at UL Lafayette.
Subscribe to Our E‑Newsletter!
Get monthly updates on the latest news, events, and initiatives from Acadiana.