Kentucky Innovation Challenge

08/05/2024

We are excited to share an incredible opportunity that can empower local aspiring and idea-stage entrepreneurs: the West Kentucky Innovation Challenge, powered by Sprocket. sprocketpaducah.com

What is the West Kentucky Innovation Challenge?

The West Kentucky Innovation Challenge is a comprehensive, free four-week hybrid (virtual with in-person engagement opportunities) program designed to help individuals transform their problem-solving ideas into actionable business concepts. Participants will gain essential entrepreneurial skills, expert guidance, and the support of a vibrant community.

Program Highlights:

  • Kickoff Session on September 4: Introduction to the program and meeting expert coaches.
  • Week 1: Lean Business Model: Learning business model structures.
  • Week 2: Customer Discovery: Gathering and analyzing customer insights.
  • Week 3: Hypothesis Testing & MVP Design: Testing ideas and designing a Minimum Viable Product.
  • Week 4: Roadmapping: Planning business structures, exploring funding options, and creating a detailed roadmap.
  • Weekly Live Coaching Calls: Interactive sessions with expert coaches – recorded for flexible learning.
  • One-on-One Coaching: Tailored support to refine business ideas.

Why Promote the Innovation Challenge?

This program is an exceptional opportunity for local entrepreneurs at the idea stage to gain the skills and support needed to turn their ideas into viable business concepts. By participating in the West Kentucky Innovation Challenge, individuals will:

  • Gain Practical Skills: Learn customer discovery, hypothesis testing, and MVP design.
  • Receive Expert Coaching: Benefit from personalized guidance from experienced entrepreneurs.
  • Engage in Hands-On Exercises: Apply knowledge in real-world scenarios.
  • Join a Supportive Community: Connect with like-minded individuals and industry experts.
  • Enjoy Flexibility: Participate in a fully virtual program designed to fit around their daily responsibilities.

How You Can Help

We kindly ask for your support in spreading the word about this fantastic program. Here’s how you can help:

  1. Share Information: Send out the details of the West Kentucky Innovation Challenge to your members and contacts. Feel free to use/ this email template to do so!
  2. Promote Online: Post about the program on your social media channels and website.
  3. Host an Info Session: Collaborate with us to host a virtual info session for your members to learn more about the challenge.

Join Us in Empowering Local Entrepreneurs

Together, we can foster innovation and entrepreneurship in our community, helping individuals turn their dreams into reality. Please encourage local aspiring and idea-stage entrepreneurs to apply for the West Kentucky Innovation Challenge.

Apply Now: Register for WKY Innovation Challenge