SparkHaus incubator in Covington secures $6m state funding

SparkHaus received about $6 million in state funding on Monday to create an entrepreneurial incubator in Covington.

“The vision behind SparkHaus is to create a community asset where Northern
Kentucky entrepreneurs can easily access the tools they need to grow their
businesses,” according to an announcement from Kenton County.

That includes:

• “tapping into the resources provided by Blue North [an entrepreneurial nonprofit];
• getting to know the region’s top funders, from seed-stage venture
  capitalists to private equity groups; and
• working side-by-side with other entrepreneurs as they navigate the shared
  experience of growing a company.”

The overall cost of the project is estimated at about $15 million. SparkHaus is shooting for an opening in the summer of 2025. The county is seeking private donations to contribute to the project.

The money will be administered through the Northern Kentucky Port Authority, which owns the SparkHaus building. Urban Sites is developing the site.

Contact Kenton County Judge/Executive Kris Knochelmann at kris.knochelmann@kentoncounty.org to get involved or contribute to the project.

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