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Kentucky's Department of Commercialization and Innovation

Posted by Ed Morrison.

PublicCategorized as Innovation, Public.

Tagged with policy, stage 1 companies, strategy

Here's an overview of of what the KY Cabinet for Economic Development has been up to through its Department of Commercialization and Innovation.

[T]he state has funded $114 million worth of technology projects, programs and infrastructure since 2001, when her office was formed...About $16 million in development assistance has been awarded to 32 companies. That number is "fairly low because up until 2005, the effort was really focusing on building incubators," such as Louisville's MetaCyte Business Lab, and "supporting academic programs that ultimately would spin out companies," [Deborah Clayton, commissioner of the state's Department of Commercialization and Innovation] said. "In 2005 we made a shift to focus more on companies."

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