1. Fostering an Entrepreneurial Ecosystem in Lewis County and the Region
Friday August 12, 2016

2. “The Design Squiggle”

3. In Brad Feld’s book Startup Communities he points out four key ingredients for an entrepreneurial community to a successful:
Entrepreneurs must lead the startup community.
The leaders must have a long-term commitment.
The startup community must be inclusive of anyone who wants to patriate in it.
The startup community must have continual actives that engage the entrepreneurial stack.

5. Workshops & Networking Events

7. Entrepreneurs Bootcamp
perspective
Full semester, no academic credit
Student teams working on real world projects
Community/UK instructors & mentors
Business Model Canvas & Investor Pitch deliverables
Opportunity to compete in regional & national competitions
Open to all students on campus – application required
$500 stipend offered exclusively to Bootcamp students for development
Applications for Fall 2016 Bootcamp open late July
This year Bootcamp enrollment is open to all students & community entrepreneurs

8. Bootcamp Pilot - 60 Students
perspective

9. Mentors & Inventors perspective
More than 70 community & UK mentors have volunteered to help
Ben Self
Founder
West Sixth Brewing
Heather Howell
Director of Innovation
Brown-Forman
Tendai Charasika
CEO
SuperFanU
Chris Young
Entrepreneur
Investor
Lumy Sawaki
Associate Professor
UK - Rehabilitation
LaShana Harris
Founder
Babylocity
Joseph Zwischenberger
Chair Surgery
UK HealthCare
Wells Bullard
Vice President
Bullard
Cynthia Bohn
Owner
Equus Run Vineyards

10. Benefits of Bootcamp perspective
Real world experience – working with teams of various disciplines
Exposure to mentors, angel investors, potentially their next employer
Chance to win prize money & further develop the idea
Developing skills
writing business plan
analyzing markets
understanding intellectual property
prototyping
how to think creatively

11. Tri-State Angel Group

12. Established in 2004
50+ accredited investors
Provides early stage equity capital to start-up and/or expanding companies
Helps commercialize research conducted at Kentucky universities
Promotes and enhances entrepreneurship in the Kentucky business community
Helps create economic growth and jobs in the Bluegrass
Provides members with an attractive financial return

13. BGA Membership AREAS OF MEMBERS’ EXPERTISE Consulting Energy Finance
Government
Healthcare
Legal
Manufacturing
Real Estate
Software
Venture Capital
E-Commerce
Marketing
Bio/Life Science

14. Three Sidecar funds have been established providing over $9
Three Sidecar funds have been established providing over $9.5 M in funding
Since 2006 approximately 40 companies have received at least one investment (some multiple) from these Funds
Average initial investment between $100k - $200K

15. Regional Angel Groups & VCs
Angel Groups & Early-Stage Investors
Bluegrass Angels, Lexington
Bluegrass Angel Venture Fund III, Lexington
Connetic Fund, Northern Kentucky
Enterprise Angels, Louisville
Enterprise Angels Fund, Louisville
Kentucky Angels, statewide
Lincoln Trail Venture Group, Elizabethtown
Louisville Angels, Louisville
Marshall Fund, Owensboro
Tri-State Angels, Ashland
Queen City Angels, Cincinnati
Yearling Fund, Louisville
Venture Capital Funds
Allos Ventures, Cincinnati
Blue Chip Ventures, Cincinnati
Chrysalis Ventures, Louisville
Kentucky Highlands Investment, London
River Cities Capital Funds, Cincinnati
Triathlon Medical Ventures, Cincinnati

17. The Kentucky Angel Network (KYAN) is comprised of “accredited investors” under SEC rules.
Self certification via KYAN membership application.
No fee to join the KYAN
KYAN meets the last Tuesday of every month via the Go To Meeting online platform

18. Presenting companies must meet the following criteria to be considered for presentation at a monthly meeting:
The company must be Kentucky based; meaning at least 51% of its payroll and property resides within the state.
The company must have a negotiated term sheet and lead investor who is willing to share due diligence with other potential investors.
The company must be a client of the statewide Innovation Network and have the sponsorship of an Innovation Office Director.

19. KY Angels Network Portfolio Companies Presenters
Since January 2014 KY Angel network has heard 27 company presentations from across the state.
22 of these companies have received follow-up interest from Network investors
Approximately 33% of these companies have received additional investment of close to approximately $1M.

20. Questions ?