More than $80,000 in prizes up for grabs
FRANKFORT, Ky. (Oct. 17, 2016) — Locations and dates have been announced for the inaugural Lieutenant Governor’s Entrepreneurship Challenge (LGEC).
LGEC is designed to introduce students in grades 9-12 to a realistic competitive business environment, as well as promote business ownership and lifelong learning. All Kentucky high school students—public, private and homeschool—are eligible to participate.
LGEC consists of a business plan proposal and live pitch competition. The deadline to submit intent to compete forms is Feb. 1, 2017 and applications have to be completed by March 1, 2017. Teams will present a pitch presentation at their regional competition during the week of April 10-13, 2017 with the top two teams advancing to the state competition April 29, 2017 at the University of Kentucky.
Student teams are required to work with two adult advisers (e.g., teachers, business owners) who can help coach and guide the team as they develop their business idea. Teams will be evaluated on both their written business plans and pitch presentations by a panel of judges at the regional competition. The state competition will follow the same format but with only ten teams—the top two winners from each regional competition.
Prizes for LGEC include more than $80,000 that will be split among the top three teams at the state competition into scholarships for post-secondary institutions in Kentucky, cash winnings for adult advisers, in-kind business services from entrepreneurs across Kentucky and more.
- Murray State University for Zone 1
- Western Kentucky University for Zone 2
- Georgetown College for Zone 3
- Berea College for Zone 4
- University of Pikeville for Zone 5