Enterprise Fund (Kentucky)

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Last modified on February 12, 2015.

EZFeed Policy

Place Kentucky

Applies to States or Provinces Kentucky
Name Enterprise Fund (Kentucky)
Policy Category Financial Incentive
Policy Type Loan Program
Affected Technologies Biomass/Biogas, Coal with CCS, Concentrating Solar Power, Energy Storage, Fuel Cells, Geothermal Electric, Hydroelectric, Hydroelectric (Small), Natural Gas, Nuclear, Solar Photovoltaics, Wind energy
Active Policy Yes

Implementing Sector State/Province

Primary Website http://www.kstc.com/index.php?option=com_content&view=article&id=137:kentucky-enterprise-fund&catid=38:main-menu-links

Last Review 2014-06-06
Last Substantive Modification
to Summary

Information Source http://startups.kstc.com/?option=com_content&view=article&id=110&Itemid=158


The Kentucky Enterprise Fund (KEF) is a state-sponsored, venture capital-like fund that invests in Kentucky-based seed and early stage technology companies. KEF supports the development of entrepreneurial technology companies in Kentucky, stimulates private investment in these companies, and spurs economic growth.

Companies seeking funding from KEF go through a rigorous due diligence process and are judged in terms of industry fit, return on investment, and potential for economic development. The accepted use of funds and additional details on KEF may be found in the KEF Guidelines. Companies may apply for a grant of $30,000 or an initial investment of up to $250,000. Restrictions and repayment conditions may apply (see below).

In order to be eligible for KEF Funding/Investments, companies must:

Be a high-growth, early stage company developing a product, process, or service in an industry of bioscience, environmental and energy technologies, human health and development, information technology and communications or materials science and advanced manufacturing. The company must have its principal place of business in Kentucky or at least 50% of its property and payroll in Kentucky. The company must be organized as a C Corporation or as a Limited Liability Company to be eligible for an investment.

Policy Contact

Contact Name Sean O'Leary
Department Kentucky Science and Technology Corp.

Address 200 W. Vine St. Ste. 420
Address 2 PO Box 1049
Place Lexington, Kentucky
Zip/Postal Code 40588-1049
Phone 859.246.3262
Phone 2 859.233.3502
Fax 859.259.0986
Email soleary@kstc.com
Website http://startups.kstc.com/index.php?option=com_content&view=article&id=110&Itemid=158