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

“The Design Squiggle”

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.

Workshops & Networking Events

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

Bootcamp Pilot - 60 Students perspective

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

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

Tri-State Angel Group

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

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

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

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

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

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.

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. www.kyangels.net

Questions ?