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KSTC Funding
The Kentucky Enterprise Fund, Rural Innovation Fund and Kentucky New Energy Ventures Fund are a series of seed stage capital funds that focus on the early stage commercialization of a technology-based product or process. By encouraging the commercialization of innovative ideas, these funds foster competitive, profitable companies that create high paying jobs and wealth in Kentucky. The funds are managed by the Kentucky Science and Technology Corporation (KSTC).
These funds require that your company establish itself as a Kentucky-based organization, at least 50% of property and payroll in state. All money is to be matched 1:1 by either cash, in-kind services, or qualified investment. Companies can receive only one grant and funding received beyond this grant may require a payback including previous grant funding. To be eligible for investment level funds a company needs to organize as a C-Corp or LLC. The company retains ownership their technology. All applications must be approved by the ezone prior to submission.
Here are the specific funding programs managed by the Kentucky Science and Technology Corporation (KSTC). . Additional details are available by clicking the name links. Please contact the ezone with additional questions or to start your application at 859-292-8444.
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| The goal of the Rural Innovation Fund is to assist rural companies with the development and commercialization of technology with the ultimate goal of developing new or value-added companies, jobs, technology, or products. Companies must be less than 50 employees. |
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Amount |
Repayment |
Use |
| Rural Innovation Fund Level 1 |
$30,000 |
Grant |
Use of 3rd part provider for: Prototype development, proof of concept, product testing; Commercial development, product launch, business expansion; Market, channel, or commercialization strategy development; Prefer not to pay for Intellectual Property protection; Funds may not be used for construction projects |
| (Repayment upon reciept of further investment) |
| Rural Innovation Fund Level 2 |
$100,000 |
1.2x or invested via convertible note |
| ($50,000 per year over 2 years) |
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| The goal of the Kentucky Enterprise Fund is to stimulate private investment in Kentucky-based technology companies. Companies must be less tan 150 employees. |
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Amount |
Repayment |
Use |
| Grant Level |
$30,000 |
Grant |
Prototype development, proof of concept, product testing; Commercial development, product launch, business expansion; Market, channel, or commercialization strategy development; Prefer not to pay for Intellectual Property protection; Funds may not be used for construction projects |
| (Repayment upon receipt of further investment) |
| Investment Level |
$250,000, $500,000, or $750,000 |
1.2x or invested via convertible note |
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| The goals of KNEV are to grow alternative fuel and renewable energy companies in Kentucky, to stimulate private investment in these companies, establish an alternative fuel and renewable energy industrial knowledge base in Kentucky, and to develop a support network for individuals and companies operating in this industry. |
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Amount |
Repayment |
Use |
| Grant Level |
$30,000 |
Grant |
Business plan, market strategy, or commercialization strategy development; Filing for IP protection; Prototype development, proof of concept, product testing; Commercial development, product launch, business expansion |
| (Repayment upon reciept of further investment) |
| Investment Level |
$250,000, $500,000, or $750,000
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1.2x or invested via convertible note |
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