Invest 606

THE INVEST 606 ACCELERATOR

HOW DOES IT WORK?

Businesses and entrepreneurs headquartered in the 606-area code apply to the Invest 606 Accelerator. The next cohort application will be released in August 2023. Late applications will not be accepted. An independent panel of judges will review all applications and finalists will be announced in early October. Finalists will then participate in the 6-month flexible and entrepreneur-led Invest 606 Accelerator program. Upon successful completion, Finalists qualify to pitch in the Invest 606 Challenge. The grand prize winner receives $15,000 in cash. The runner-up will be awarded $8,000 in cash and third place receives $4,000. Cash prizes have no strings attached.

What Kinds of businesses are eligible to apply?

The only strict requirement is that the business be based in the 606-area code. That said, Invest 606 wants businesses and entrepreneurs who will succeed in Eastern Kentucky. So, we are generally looking for innovative businesses or entrepreneurs operating in growth sectors aligned with the strengths of the region. These include, but are not limited to: healthcare, local food and farming, hospitality, advanced manufacturing, technology, tourism, and outdoor recreation.

How does the accelerator Work?

The Accelerator is designed by entrepreneurs for entrepreneurs. Over 6 months, Invest 606 Finalists must earn a minimum of 300 points through qualifying activities based on individualized and flexible plans that meet the entrepreneurs’ needs. These activities could include trainings and meetings with our network of collaborators, individual mentoring sessions, online courses, or other supports. Generally, each hour of training or support earns the Finalist 25 points. Additionally, there are three required in-person gatherings. Finalists are required to attend the in-person meetings in order to qualify for the Final Pitch.