Kentucky Enterprise Fund

The goal of the Kentucky Enterprise Fund is to stimulate private investment in Kentucky-based technology companies. By partnering with the Kentucky Cabinet for Economic Development and Department for Commercialization and Innovation, KSTC is able to offer seed capital for promising, science and technology related start-up companies. 

Eligible Companies  

• Must be Kentucky-based and have 150 or fewer employees.
  
• Must be operating in one of the following industries:
  • Biosciences
  • Environmental & Energy Technologies
  • Human Health & Development
  • Information Technology & Communication
  • Materials Science & Advanced Manufacturing

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: Up to $250,000, $500,000, and $750,000     

• Investments must be repaid.
• Funds may be invested via convertible note or through a direct stock purchase.