ED  Kentucky Cabinet for Economic Development


     Office Locations:

Old Capitol Annex
300 West Broadway
Frankfort, KY 40601
Phone: 502-564-7140
Fax: 502-564-3256



  • Seed



  • Energy & Clean Tech
  • Information Technology



    Authorized by the Kentucky Innovation Act, the Cabinet for Economic Development's Department of Commercializa-tion and Innovation (DCI) has been charged with leading the state's new economy efforts. By building and promoting technology-driven and research-intensive industries, the Cabinet works through DCI to create high-tech job opportunities and develop clusters of innovation throughout the state. DCI investments from 2002 to 2005 have created at least 842 high-tech, high-paying jobs. One of DCI's programs is Kentucky New Energy Ventures, a state program that administers $5 million in public funds for investment in promising renewable and alternative energy companies in the Commonwealth. Another initiative, Commonwealth Seed Capital (CSC), invests state funds to provide early-stage seed funding to facilitate the commercialization of innovative ideas and technologies developed in Kentucky. Another program, the Kentucky Enterprise Fund, provides seed-stage capital to Kentucky-based companies that are commercializing a technology-based product or process. The Foundation also administers the Kentucky Commercialization Fund program, which provides seed funds to Kentucky university's faculty members for commercializing products, processes, or services developed through research and development work undertaken at a Kentucky university, with awards not exceeding $75,000 each year.

    Investment Firm Key

       VC = Venture Capital
       PE = Private Equity
       A = Angel
       I = Incubator
       MB = Merchant Bank
       VD = Venture Debt
       FI = Family Investment Office
       FOF = Fund of Funds
       ED = Economic Development Office   
       TT = Technology Transfer Office
       CVC = Corporate Venture Capital
       SEC = Secondary Purchaser
       HF = Hedge Fund/Mutual Fund
    Venture Capital
    Seed Stage
    (includes "pre-seed," or
    concept stage)
    No Revenue
    Early StageMinimal
    Growth Stage
    (also called Mid-stage)
    Expansion Stage
    (also called Late-stage)
    $7M and greater
    Private Equity
    Lower Middle Market$10M-$249M
    Middle Market$250M-$499M
    Upper Middle Market$500M-$1B
    Large Cap>$1B

    Investment Team:

    Name   Title
    Get the complete investment team + individual email addresses for investment team partners. Get personal images, LinkedIn links, investment specialties, office locations and more with a National Database subscription.
    Caroline Boeh Baesler General Counsel
    Holland Spade Chief of Staff
    Joe Kelly Deputy Commissioner
    Joe Lilly Executive Director
    Katie Smith Executive Director


    Portfolio companies include:


    Recent News: