creating a community of innovation and leaders
Problem:
•50% of the residents in Lincoln Heights live below the poverty line
•14% of Ohio residents live below the poverty line
Solution:
•Equip the residents of Lincoln Heights with the tools they need to create products and business that will not only create jobs but solve community issues.
•Creating a skillful community that is committed to the research and development of that community will effectively create a self-sustaining ecosystem of talented workers, jobs, and leaders.
goals
•Create Businesses in the hub that will result in a dozens of new jobs or contract opportunities through member engagement. Building a prepared and capable pipeline of entrepreneurial leaders and sustainable businesses that will begin the creation of sustained employment in Lincoln Heights
•The intent is to convert the investment into sustainable businesses who go on to create new forms of business and ongoing employment. Four walls and WiFi do not make entrepreneurs, however building off the creativity of the residents through the mentoring provided, the networking, and workshops will be key.
•Raise $500k in a combination of angel investment, initial customers, grants from government and NGOs, and self-funding. We need a means to measure the KPIs to determine the impact on the lag indicator of sustainable jobs and later-stage investment.