Wednesday, October 3, 2007

Grow the Future- Part 2: Emerging Ventures Center for Innovation provides Support for Entrepreneur Growth

Our effort to “Grow the Future” by supporting homegrown high growth companies will gain momentum this fall with the opening of the Emerging Ventures Center of Innovation, part of the Greater Owensboro Commerce Center economic development partnership. Emerging Ventures brings together in one location the resources entrepreneurs need to make their ventures successful.

Emerging Ventures will include the a new Owensboro Office of the Central Region Innovation and Commercialization Center, part of the Kentucky framework that supports high technology development. Linking Owensboro to the state ICC –framework will be critical to growing capacity to support high tech company growth, particularly with the assets and developments in the biotech-oriented plant natural product industry.

The region is building a high tech cluster through Kentucky Bioprocessing and the Owensboro Cancer Research Program, which is a partnership between the University of Louisville’s James Graham Brown Cancer Center and the Owensboro Medical Health System. These partners are working together to perform cutting edge cancer research, work with start-up companies developing drugs, and provide full scale bioprocessing of pharmaceuticals and plant natural products.

“Many of the products on which KBP works will be developed by individuals, university researchers and very small companies,” said Hugh Haydon, Chairman of Kentucky Bioprocessing. “This new program is a strong tool in helping to attract and grow these companies and is good news for both Owensboro and KBP.”

Kentucky BioProcessing offers a unique pilot and full-scale bioprocessing facility with the physical, human and intellectual infrastructure in place to complete any processing without excessive experimentation. It offers small start-up companies huge savings in capital expenses. KBP has created a program that can work with multiple companies and start-ups in the life science industry.
Emerging Ventures will provide technical support and start-up assistance to entrepreneurs, scientists, and small business people perfecting and maturing their ideas and business concepts. It will be located on the Third Floor of the Commerce Center with an anticipated opening in the Fall 2007.

Emerging Ventures is a public-private partnership. Private investment has come from the Owensboro Medical Health System, U.S. Bank, and the Messenger-Inquirer. Public funding has come from the City of Owensboro, Daviess County Fiscal Court and the Central Region Innovation and Commercialization Center.

In addition to the Central Region Innovation and Commercialization Center, Emerging Ventures will include the office of the Owensboro Small Business Development Center operated through Murray State University, and the Owensboro Chapter of the Service Corp of Retired Executives (SCORE). For detailed information about the services provided by Emerging Ventures, please visit the website

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