Kyle's Blog
ICC Explained
The Kentucky Capital Network (K-NET) is the state’s only group of angel and venture capital investors interested in funding Kentucky technology startups affiliated with the Statewide Innovation & Commercialization Centers Network. The goal is to match companies seeking private capital with those that have it to create jobs and contribute to the economy in Kentucky.
The statewide ICC network uses a rigorous best in class 10-step process for creating investment grade business plans and investor pitches. The protocol includes development of 5 year integrated pro forma financials, business model review, market assessment, valuation guidance, and pitch critique.
From January 2002 through February 2003, the ICC program has:
Interviewed over 360 entrepreneurs
Working with over 50 clients
Assisted 14 Kentucky companies in raising $10.6 M in angel capital
Working with 19 companies in the pipeline seeking $21.4M in initial angel and venture capital funding
There is no cost to join and no obligation to make investments; but you must be an accredited investor.
Based on your interest and investment profile, they will alert you to companies that fit your profile as they complete the ICC process.
Free, unlimited access to review early stage business investment opportunities involving high technology Kentucky companies that have been through a rigorous commercialization process
Privacy - your identity is protected as you search through investment opportunities in the database developed by the ICC Network.
Invitations to attend local events for investors marketing and networking sponsored by the ICC.
Password protected web access to companies who have completed the ICC process and are seeking private equity.
You will receive a password and web link via e-mail so you can access the secure web site. From there, you can browse profiles of ICC Companies that are seeking private equity.
The ICC is building a Technology Services Network which is a highly qualified group of business-to -business professionals that provide specialized business development services needed by the ICC clients.
The ICC is building a Technology Services Network which is a highly qualified group of business-to -business professionals that provide specialized business development services needed by the ICC clients.
Each service provider in their network has been rigorously evaluated by the ICC before being qualified and added to their network.
Early stage entrepreneurs and companies need a variety of human resources to answer a seemingly endless number of disciplines. Few can afford to hire the top consulting firms or employ executives with adequate experience to keep them focused and strategically positioned to grow and overcome adversity. Mentoring has always been an affordable way to give start-up companies access to the professional services and advice they need.
Through mentors, start-up companies obtain valuable contacts, expert advice, and business planning assistance.
Mentors are motivated into "give back" to the community and are energized by being around start-ups. The opportunity to be involved with the latest in products and market trends increases their knowledge base and value.