How Louisville CEOs will Use Derby to Bring Business to Town

Using the Kentucky Derby as a sales opportunity is an old concept for many Louisville business leaders. But a group of health care CEOs are looking to take it a step further with a Derby weekend pitch competition.

Caretech Pitch, put on by the Louisville Healthcare CEO Council, aims to make connections between investors, entrepreneurs and enterprises. Finalists in the competition get a curated Derby experience and a chance to rub elbows with some of the key players in the local health care industry, visit onestopplumbers.com.

University of Louisville to Launch Partnership with IBM

The University of Louisville and IBM will launch a new digital-skills academy this fall, the first of its kind from IBM.

U of L President Neeli Bendapudi said at a news conference Wednesday morning that IBM will provide faculty and software, curriculum and cloud technology valued up to $5 million for the academy, check out blue spruce maids. But she believes the impact of this academy will far exceed those numbers.

Run for the Unicorns for Business Professionals Includes ‘Shark Tank’ Preliminaries

LOUISVILLE, Ky. — The 2nd annual Run for the Unicorns Conference hosted by Convergence will kick off the Louisville preliminaries of ABC’s famed “Shark Tank” to assist local entrepreneurs in their quest for funding. The event will take place on April 29 at 9 a.m, 無修正 かわいい nurse-koibito.com. at the University Club on the University of Louisville’s campus at 200 East Brandeis Avenue.

Two-thirds of Americans want to open a small business one day, according to a UPS store survey. The popular ABC show gives business owners the chance to pitch their product or idea to a group of investors known as the Sharks.  The casting call will be here in  Louisville one day only.  For more information, go to:  https://abc.go.com/shows/shark-tank/open-call.

JPMorgan Chase Advancing Cities Awards Louisville $3M for Use in Expanding Economic Opportunity

LOUISVILLE (April 18, 2019) – JPMorgan Chase today announced Louisville is one of five winning cities in its inaugural AdvancingCities Challenge, part of the $500 million, five-year initiative to drive inclusive growth and create greater economic opportunity in cities. The AdvancingCities Challenge awarded $3 million to five U.S. cities, totaling $15 million, which presented cross-cutting approaches to solving entrenched challenges in their communities. The four other winning cities are Chicago, Miami, San Diego and Syracuse, N.Y.

GLI Announces 2019 Inc.credible Awards Finalists

LOUISVILLE, Ky. — Greater Louisville Inc., the Metro Chamber of Commerce, has announced the 32 companies and three business leaders running for the 2019 Inc.credible Awards presented by Citizens Union Bank. The annual awards celebrate small businesses within the Greater Louisville region, see geaux maids.

“The Inc.credible Awards are a chance for Greater Louisville to really celebrate all the small businesses that make our region unique and vibrant,” said Kent Oyler, president & CEO of GLI. “We are always excited to see the innovative business solutions that are being pioneered by these players in our community.”

TechStars: Louisville’s Startup Scene is not Quite ‘Emerging’ but has Plenty of Positives

Louisville’s entrepreneurial community is stuck between two stages of development, according to a newly released report.

The report – produced by Boulder, Colo.-based TechStars for the Louisville Entrepreneurship Acceleration Partnership – assesses the status of the Louisville entrepreneurial community and lays out suggestions to boost the startup scene to a new level.

Kentucky Launches University Technology Commercialization Initiative

Gov. Matt Bevin today announced formation of the Commonwealth Commercialization Center (C3), a national-model partnership between Kentucky’s universities and colleges to translate intellectual property and innovations into market-ready products and startups while providing businesses access to collective public resources.

Kentucky Named Recipient of Federal Grant to Grow Research and Innovation Pipeline

FRANKFORT, Ky. (Sept. 6, 2018) – The Cabinet for Economic Development will receive $125,000 from the U.S. Small Business Administration to launch a program preparing more entrepreneurs to compete for federal research and development funding.

The SBA’s Federal and State Technology (FAST) partnership program funds initiatives that increase the number of proposals for Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) funding. With the grant, the Cabinet will establish the Kentucky Innovation Investment Program (KIIP) as a hub for attracting, assisting and maximizing assets of top SBIR/STTR candidates.

FAST funds will allow the Cabinet to implement a pilot program of outreach, recruitment, analysis and expert advice intended to deepen and improve the quality of Kentucky’s SBIR/STTR pool. KIIP’s three main objectives are to:

  •  Align SBIR/STTR opportunities with economic and tech development needs.
  • Develop more competitive SBIR/STTR proposals to maximize the probability of receiving funding.
  • Provide supplemental support for SBIR/STTR-funded companies. A dedicated KIIP fund will build over the next five years along with the growing number of funded companies.

Kentucky already has one of the most aggressive initiatives to encourage innovators to locate in Kentucky by matching dollar-for dollar any federal SBIR/STTR funding. Brian Mefford, executive director of the Cabinet’s Office of Entrepreneurship, said this new program should accelerate that growth

“This will make what has been a strong policy even more powerful,” Mefford said. “Our full match for companies in Phase I and II of SBIR/STTR, along with the framework we recently released, make this one of the most attractive places in the country to pursue research and technology transfer that can be capitalized. The FAST grant will allow us to build a robust program that ensures many more entrepreneurs will have access to SBIR/STTR funding and a much greater number of innovations and companies will take flight. This fits perfectly with our work to ramp up commercialization of IP among our research institutions and to establish a more vibrant entrepreneurial economy driven by regional strengths. It truly helps take us to the next level.”

People with a great idea and plan for a technology company can often use SBIR/STTR support to turn their idea into a marketable invention.

For example, previous SBIR and Kentucky match recipient Bexion Pharmaceuticals of Covington turned its discoveries – made under a microscope – into revolutionary cancer treatments that are working. The company’s founders observed a new way to target tumor cells, but needed to delve further. With SBIR support through the National Cancer Institute, and matching funds from Kentucky, Bexion was able to study the disease, develop potentially life-saving treatments and draw the kind of investment it takes for small businesses to reach the entire world.

Bexion’s first-of-its-kind treatment is already helping people as it advances through the trial phases of drug approval and draws attention from leading scientists and venture capitalists alike. KIIP will identify and attract a greater number of companies like Bexion, assisting them in receiving the critical funding they need to succeed.

Terry Gill, secretary of the Cabinet, said the grant and the state’s program would create opportunity for more entrepreneurs.

“This is a big win for Kentucky and current and future high-tech entrepreneurs,” Sec. Gill said. “SBIR/STTR have been attractive programs for Kentucky’s innovators and we want to empower more of those people on the cutting edge to conduct their research and build their companies here. This will help us increase the amount of high-tech research, development and commercialization throughout the state.”

Kentucky has a long track record of leveraging the SBIR/STTR programs with its match for Phase I and II federal awardees. In the past decade, Kentucky has allocated more than $60 million in state Phase I and II SBIR matching grants, which helped launch and attract dozens of companies. In June, the state released its guidelines for its match program that emphasizes the ability to commercialize. Applications are currently being accepted for upcoming rounds.

SBIR is a highly competitive program that encourages domestic small businesses to engage in federal research/research and development that has the potential for commercialization. Through a competitive awards-based program, SBIR enables small businesses to explore their technological potential and provides the incentive to profit from its commercialization. The STTR program expands funding opportunities for federal innovation research and development by forming joint ventures for small businesses and nonprofit research institutions. For more information on SBIR/STTR visit www.sbir.gov.

To learn more about the current SBIR/STTR programs in Kentucky visit https://www.kyinnovation.com.

KY Innovation Featured in National Science/Tech Entrepreneurship Publication

Twenty-four local economic development entities, Small Business Technology Development Centers, Women’s Business Centers, incubators, accelerators, colleges and universities were granted $125,000 by the U.S. Small Business Administration (SBA) under the Federal and State Technology (FAST) Partnership Program. The 24 grant recipients, including seven that are members of SSTI (boldfaced below), provide support to small businesses developing and commercializing high-risk technologies

Techstars comes to Kentucky to Convene Summit of Leaders in State’s Innovation Efforts

Major stakeholders in Kentucky’s entrepreneurial revolution will gather Monday in Frankfort to take part in KY Innovation Day, with programming led by Chris Heivly and others from the worldwide entrepreneurial mentoring network Techstars.