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Kentucky is good for business
Kentucky's life science and bioscience industry is making headlines around the globe, including the nation's first successful hand trandsplant in 1999 and the world's first implant of the AbioCor artificial heart in 2001.
There are many examples of how Kentucky is working to turn science into commercial success. We've increased spending on our research universities and create a state-funded network of Innovation and Commercialization.
Kentucky is big on biotech
Centers to help entrepreneurs and startup companies obtain early-stage financing and business expertise. Kentucky is also home to many private investment sources that support seed-stage and early-stage technology companies.
Yes, Kentucky is famous for its bluegrass, but it is our focus on technology research, development, and commercialization that will have your company seeing green.
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Biotech is booming. Kentucky is home to hundreds of bioscience and biotechnology-related companies, working in areas from nutrigenomics and pharmaceuticals to natural products and medical devices.
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Bucks for Brains. The state’s “Bucks for Brains” program is helping fund endowments at universities to attract top-tier bioscience and medical researchers.
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Start you up. Kentucky’s state-funded network of Innovation and Commercialization Centers has helped create or fund at least 185 high-growth, knowledge-based businesses since 2002, including biotech companies, and over 800 high-paying jobs.
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Incubators are in. Our technology business incubators and accelerators provide startups and small companies statewide with critical business expertise, in addition to low-cost of?ce space, light manufacturing and/or laboratory facilities. The MetaCyte Business Lab in Louisville and the Advanced Science and Technology Commercialization Center in Lexington both speci?cally support biotechnology-related startup companies.
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State investment. Kentucky has established Commonwealth Seed Capital, LLC, to invest state funds in support of early-stage technology companies in Kentucky. The state also maintains a series of funds that promote and provide capital for early-stage technology commercialization. The Kentucky Enterprise Fund has invested over $7.7 million in 151 companies throughout the state.
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State grants. The state of Kentucky is a leader in providing grants and other incentives to high-tech companies.
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