The mission of The Von Allmen Center for Entrepreneurship and Lexington Innovation and Commercialization Center accelerates the Kentucky economy by commercializing UK research, facilitating university-industry collaborations, and assisting entrepreneurs and small businesses in creating jobs. We work with faculty, clinicians, staff, and student innovators to create start-ups and spinoff companies. The Von Allmen Center is located in the Advanced Science & Technology Commercialization Center, better known as ASTeCC, is UK's business incubator housing new and emerging technology-based companies. Startup companies in ASTeCC have licensed UK intellectual property or have a connection to UK faculty or staff.
What We Do
We are dedicated to advancing the University of Kentucky as a catalyst for statewide economic growth. We have a proven track record of success in growing technology-based spinoff companies from university research. Our expertise includes market research, technology assessment, business planning guidance, marketing and funding strategies, angel and venture capital investment, real estate development, and creating partnerships with public & private entities.
We are proud to have a distinguished advisory board, made up of Lexington’s leading entrepreneurs, CEO’s, venture capitalists, and private equity investors, who provide ongoing guidance and support to the center.
To grow Kentucky’s economy through the commercialization of UK research, university-industry partnerships, develop new and existing businesses, and create jobs.
Kentucky Innovation Network
The Lexington Innovation and Commercialization Center (ICC) is part of a statewide Innovation Network focused on the development of innovation-driven, technology based, companies in Kentucky. The Kentucky Innovation Network was established in 2001 and consists of twelve offices, spread geographically around the state. These Innovation Network Offices possess the depth and breadth of knowledge needed to help technology companies through preliminary business Assessment, Business development and ultimately Capitalization.
Economic Development Administration (EDA) University Center Program
The Von Allmen Center at the University of Kentucky has been a partner of the federal Economic Development Administration (EDA) University Center program since 2006. EDA-funded University Centers conduct applied research, provide technical assistance to public and private-sector organizations, and conduct other activities with the goal of enhancing regional economic development. They offer a full range of services tailored appropriately to each region's needs and the institution's strengths. EDA grants help fund Von Allmen Center services working with university faculty, clinicians, and students to identify new commercialization opportunities.