Enterprise Fund (Kentucky)
Last modified on February 12, 2015.
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.
|Contact Name||Sean O'Leary|
|Department||Kentucky Science and Technology Corp.|
|Address||200 W. Vine St. Ste. 420|
|Address 2||PO Box 1049|