One Year Later:

Results from the Recipes for

Growth City Challenge

SummerUp 2016Louisville, KY

Build on

2

The Plan:

Create more

entrepreneurial

opportunities for

youth

[&]

StartUps Summer Works

Summer Ups!

Goals

Help low income youth self-select for this path

Replicate Beech Technologies

Tackle a second domain outside of IT

Build more formal mentoring of the startups

Three Teams X Seven Weeks

6

SummerUp 2016

Results

Goal Target Actual

ID Mentors by May 15 2 3

Enroll low-income youth from

Louisville in Summer Up

8 15

Percent completed Summer Up

program

75% 100%

Mentor Retention 50% 67%

Startups generating revenue 1 1

Lessons Learned

Concentrate students to concentrate support

Students would benefit from more guidance

A structured program would make for consistent value

Embed in startup ecosystem for continued opportunities

QUESTIONS

Thank You!

APPENDIX

MISSION

Cultivate Louisville’s young

talent by preparing and

connecting youth to summer jobs

and other work-based learning

opportunities.

VISION

All Louisville young adults

possess the skills and attributes

that lead to lifelong career

success.

145

SummerWorks Program Impact

22

Findings from a study of prior year

SummerWorks participants conducted by

the Kentucky Center of Education and

Workforce Statistics found, when

compared to a control group, that

previous cohorts:

1. Enrolled in postsecondary

education at a higher rate and

2. Were more likely to be employed

one year after participation in the

program.

Summer Up 2017Louisville, KY

Problem

High school

students are

interested in

entrepreneurship

but they need

more guidance

and support

Solution

Apply lessons

learned, have

more teams,

more students,

and give them an

accelerator-like

experience

Entrepreneurship

programs in 11

local high schools

Recruit students

from those

programs as the

core

Pitch idea & form

teams

Accelerate the

companies

Capstone:

Demo Day

Accelerator:

Leverage Kauffman’s

Founder’s School +

Local Entrepreneurs

Youth Wage Subsidies$8.25 per hour

35 hours a week7 weeks

$2020 per youth

$2020

10 youth

$20,200

Program Coach$15 hour

40 hours a week8 weeks

$4,800

$4,800

3 coaches

$14,400

The Ask

Youth Wage Subsidies$8.25 per hour

35 hours a week7 weeks

$2020 per youth

$2020

20 youth

$40,400

Program Coach$15 hour

40 hours a week8 weeks

$4,800

Leveraged Costs

$65,400