Kentucky New Energy Ventures

In an effort to grow alternative fuel and renewal energy companies in Kentucky,  The Kentucky New Energy Venture Fund (KNEV) supports the development and commercialization of alternative fuel and renewable energy products, processes, and services across the state. 

KNEV will provide support for companies developing and commercializing products in the following areas: 

- Alternative transportation fuels produced from coal, waste coal, biomass or extract oil from oil shale

- Synthetic natural gas

- Ethanol produced from food crops or cellulosic ethanol 

- Any other fuel that is produced from a  renewable or           sustainable source

Eligible Companies

• Must be Kentucky-based and have 150 or fewer employees.
• Must be developing/commercializing alternative fuel and renewable energy products, processes, and services. 

Fund Summary

  Companies seeking capital go through a rigorous due    diligence process and are judged in terms of industry      fit, return on investment, and potential for economic    development.   

 Grant: $30,000 

• Company must match the grant 1:1 through cash or in-kind services.
• Funds must be used for approved business development activities.

 Investment: Any amount over $30,000

• Companies must match the fund's investment on a 1:1 dollar ratio. 
• Funds may be invested via convertible note or through direct stock.
• Investments can only be made in a company organized as a C Corp. or as an LLC.