FAQ 

  • What is the LGEC?

    • The Lieutenant Governor's Entrepreneurship Challenge (LGEC) is a tiered business pitch competition for Kentucky high school students grades 9-12. It is intended to introduce students to a realistic competitive business environment, as well as promote business ownership and lifelong learning.

  • When is the LGEC?

  • Wednesday, February 1                                         Registration due, online on the Register Here tab.
  • Wednesday, March 1                                              Written materials completed, online. 

  • who can participate in the LGEC?

    • Students grades 9-12 in Kentucky.
    • Public, private, and homeschool students are eligible.
       
  • what do i need to do to be considered for lgeC?

    • Form a team of at least 2 to 4 students who are interested in creating a product/service and starting a business.

    • Find 2 adult advisers who can commit to coach and advise the development of your ideas. 

    • Plan and prepare to compete in your zone's regional competition.

      • The top two winners from each regional competition will advance to the state competition.

      • There will be a total of 10 teams advancing to the state competition with first, second, and third place winners.

    • Submit a registration to compete found on the REGISTER HERE page. 

      • This form is due by 2/1/17.

      • Any forms received after 2/1/17 5:00PM EST will not be eligible to compete.

    • Review the full competition requirements and build your business plan.

      • Business plans should cover all the elements you are expected to include in your pitch presentation to judges.

      • Completed business plans, financials, and logo due by 3/1/17.

      • Any plans received after 3/1/17 5:00PM EST will not be eligible to compete.

      • Business plans are evaluated for a score that will be used in combination with the score of the team's pitch presentation.

    • Compete in one of the LGEC regional competitions and see if your team advances to the state competition!

  • What if i don't have any adults to serve as advisers?

    • Seek out a teacher at your school who can help.
    • Contact your local Kentucky Innovation Network office for suggestions.
    • Meet with local entrepreneurs in your community to see if they would help.

 

  • What if i want to serve as an adult adviser for a team?

 

  • why should i care about the LGEC?

    • You have the opportunity of a lifetime to walk away with significant prize winnings (over $80,000 split among top 3 teams at the state competition) for scholarships to post-secondary institutions* in Kentucky.

      *Post-secondary institutions include: two-year colleges or universities, four-year colleges or  universities, technical colleges or universities, and trade schools.

 

Text: (859) 619-9062 with any questions