encouraged to participate in Keystart Pre-Accelerator
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[March 24, 2017]
- The Logan County Economic Development Partnership, in co-operation
with the Greater Peoria Economic Development Council, announces an
opportunity Logan County-based entrepreneurs.
The “Keystart Pre-Accelerator” program is for first-time
entrepreneurs who are ready to get started on their entrepreneurial
journey. Entrepreneurs will learn tools and strategies for how to
execute on their idea and gain an understanding of what the early
development of a startup company looks like.
Entrepreneurship is a high stakes, challenging game. Keystart
participants will receive a crash course in how to start a startup.
Then, those participants who choose to, will compete in a live pitch
competition for a $10,000 grant to test some of their business model
assumptions. It is anticipated that 3-5 participants will be
selected for the pitch competition. A participant can be either an
individual entrepreneur or a founder team.
The curriculum used in the “Keystart Pre-Accelerator program is “Y
Combinator” – the same accelerator program that launched Dropbox,
Airbnb, Reddit, and over 700 other tech startups. The curriculum is
based on the idea that 30% of entrepreneurship can be taught. The
other 70% must be learned by doing it. The Keystart Pre-Accelerator
program will scratch the surface of both the teaching and the doing.
The curriculum portion of Keystart includes of five modules:
- Business Model Canvas
- Product-Market Fit
- Selling to First Customers
- Startup Finance
Each curriculum module will be delivered by a
mentor who has been purposefully selected to lead
activities on that particular topic.
- Promotion and Application Window: March 10 –
- Selection Week: April 1 – April 7
- Curriculum: April 13 – April 27 (likely on
Mondays and Thursdays)
- Keystart Pitch Competition: May 4
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Check your availability. Committed entrepreneurs are wanted.
Each curriculum module attended equals one minute of pitch time at
the live pitch competition.
Check your funds. It is free to apply to Keystart, but there
will be a $200 cost to participate in the curriculum.
Bring your own laptop. Don’t have one? Get one. Chromebooks
start at $150.
Fill out the application found at:
www.startuppeoria.com/keystart, before March 31, 2017.
The mission of the Logan County Economic Development Partnership is
to cultivate a business environment that enhances Logan County by
expanding our local and regional economy through programs that
sustain and grow existing businesses, attract and establish new
businesses, and increase quality employment opportunities.
For more information please contact:
Bill Thomas, Executive
Logan County Economic Development Partnership