The eMerging Ventures Center for Innovation leads Owensboro’s drive to encourage business innovation and promote technology-driven and research-intensive industries. As part of the Kentucky Innovation Network, eMerging Ventures focuses on increasing the quality of investments flowing to knowledge-based firms and on services to existing businesses, startups and the investment community.
Centre for Business and Research
To further accelerate the growth of high tech life science companies the city and county converted an 85-year-old warehouse near downtown Owensboro into high-tech lab and incubator space. The Centre includes wet labs for biotech and other science-based companies to use. It will house research programs in biotechnology and food science from regional universities.
SBIR/STTR Matching Funds Program
The Small Business Innovation Research and Small Business Technology Transfer Matching Funds Program, the first of its kind in the nation, matches both Phase 1 and Phase 2 federal awards received by Kentucky-based small, high-tech businesses.
eMerging Ventures Fund
A seed capital fund was created by the City of Owensboro for investment in scalable knowledge-based business startups in the Owensboro region.
Epicenter of Plant Made Pharmaceuticals
The seeds of the next biotech revolution are currently being planted in Owensboro. The infrastructure exists to support the region as an emerging plant made pharmaceutical industry.
Kentucky BioProcessing operates as a subsidiary of Reynolds American Inc. and focuses on expression, extraction, purification, and production of plant-made pharmaceutical proteins. The facility provides contract services for bench scale, pilot, and manufacturing process development in clinical grade biotherapeutics in plants.This competitive advantage is driving the development of the emerging plant made pharmaceutical industry in Owensboro.
Owensboro Cancer Research Program – at Owensboro Health is a joint venture with James Graham Brown Cancer Center at the University of Louisville, which include full-time U of L researchers linked to the plant biotech industry and Kentucky BioProcessing.
Owensboro Biotech Alliance – Owensboro farmers with the expertise in USDA methods of producing crops for use in biotechnology products.
Kentucky Life Science Council – provides advocacy and commercialization support that promotes the life science community in Kentucky.
High Tech Firms
These high-tech firms have located in Owensboro because of the eMerging Ventures program:
- Hollison – food safety technology
- AIM – immunization management firm
- Intrucept – plant pharmaceutical firm