Page 1 of 1
154.12-2333 Kentucky Investment Capital Network.
(1) There is established within the Department for Existing Business Development the
Kentucky Investment Capital Network.
(2) The purpose of the Kentucky Investment Capital Network is to introduce
entrepreneurs to profit and nonprofit investors interested in start-up and early-stage <br>financing.
(3) The Kentucky Investment Capital Network shall, to the extent possible:
(a) Maintain a data base of investment-opportunities profiles submitted by
entrepreneurs and investment-interest profiles submitted by investors;
(b) Make available its services to the general public, including the use of on-line
Internet electronic communication;
(c) Distribute investor and entrepreneur applications in paper form and through
electronic resources;
(d) Serve as a screening mechanism through which introductions can be made
between businesses and potential investors;
(e) Aid prospective companies in presenting their ventures to investors if aid is
requested; and
(f) Emphasize entrepreneurs whose ventures will create employment
opportunities in small and rural communities where job development is <br>greatly needed.
(4) The Kentucky Investment Capital Network shall submit an annual report to the
Governor and the General Assembly detailing its work, including, but not limited <br>to, the total number of entrepreneurs and investors registered, the number of new <br>entrepreneur and investor registrants for the year, the number of successful matches <br>during the year, and the amount of start-up and early-stage financing made available <br>to entrepreneurs during the year.
Effective: June 20, 2005 <br>History: Amended 2005 Ky. Acts ch. 181, sec. 7, effective June 20, 2005. -- Created
1996 Ky. Acts ch. 209, sec. 3, effective July 15, 1996.
Disclaimer: These codes may not be the most recent version. Kentucky may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
