ICC Funding Resources

Kentucky offers a series of pre-seed and seed stage funds that focus on the early stage commercialization of a technical business, product or process.

ICC offices provide business development and commercialization support.

The application process was designed to emulate the venture capital due diligence process. Applicants must step through three screens of increasingly more detailed analysis before an investment decision is made.

The heart of the due diligence process is a technical and business analysis. The intent is to invest in those companies that have the greatest probability of successfully commercializing a technology and capturing a significant market share.

See www.startupkentucky.com for on-line applications and deadlines (typically quarterly).

Fund Purpose Funding Eligibility Structure

Kentucky
New Energy
Ventures

Grow alternative fuel and  renewable energy companies for Kentucky Based companies

Grant: $30,000
Investment:
$250.000
$500,000 $750,000

Funds used to support the achievement of operational milestones required to commercialize the product and that achieve a valuation inflection point

1:1 match

Unsecured Convertible note at 10 % or syndication

Rural
Innovation
Fund

Proof of concept development or early stage prototype.

Biosciences, Environmental/Energy Tech, IT & Communications, Materials Science & Advanced Manufacturing

Level 1: $30,000

Level 2: $50,000 per year up to 2yrs. ($100,000 total)

Small, rural Kentucky based companies.
Outside of Fayette/Jefferson

Level 2 must be LLC or C-Corp

1:1 match

Level 1: Grant, reimbursement basis

Level 2: Convertible note at 1.2x or syndication.

Funds spent with 3rd party

Kentucky
Enterprise
Fund -
Grant

Proof of concept development or early stage prototype.

Biosciences, Environmental/Energy Tech, IT & Communications, Materials Science & Advanced Manufacturing

Grant: $30,000

Small to medium Kentucky based companies.

1:1 match

Funds can be spent on operations

Kentucky
Enterprise
Fund -
Investment

Commercialization of a Technology

Biosciences, Environmental/Energy Tech, IT & Communications, Materials Science & Advanced Manufacturing, Human & Health Development

Investment:
$250.000
$500,000 $750,000

Small to medium Kentucky based companies (LLC or C-Corp)

Company match investment funding 1:1

Unsecured Convertible note at 10 % or syndication

Additional Funding Resources
Open