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U of Kentucky lands funding to support regional start-up activity


By Jesse Schwartz
Published: November 28th, 2018

The University of Kentucky (UK) Office of Technology Commercialization (OTC) has received a grant from the Kentucky Cabinet for Economic Development to support start-up activity in the region.

The grant is part of the Regional Innovation for Startups and Entrepreneurs (RISE) initiative, which will invest $750,000 in start-ups and entrepreneurs in Lexington and Central Kentucky.

“The RISE grant significantly expands our office’s New Ventures team, which furthers our strategic initiative to better support our entrepreneurial researchers in the company creation process and develop UK into a high-functioning incubator of start-ups in the region,” says OTC director Ian McClure.

“By additionally supporting Lexington’s entrepreneurial ecosystem, we put to work the notion that start-ups are a product of their environment, and we look forward to supporting that environment already thriving in this region,” McClure says.

Specifically, the grant will support educational programs for entrepreneurs, mentorship for early-stage Lexington-based startups, and the recruitment of start-ups to the region, among other activities.

“As a land-grant university, UK takes seriously our charge to invest in and develop the talent in our state,” says Lisa Cassis, vice president for research at UK. “There is power in partnerships, and we look forward to supporting our entrepreneurial investigators alongside our Lexington community partners. Together we can create solutions for Kentucky and beyond.”

Source: UK Now

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