US Dept. of Commerce renews grant funding for Von Allmen Center for Entrepreneurship

Posted: July 23, 2019

The Von Allmen Center for Entrepreneurship (VACE) in UK's Gatton College of Business and Economics has had significant grant funding renewed through the U.S. Economic Development Administration’s (EDA) University Center Economic Development Program.

This $118,000 EDA investment funds the third year of a five-year University Center Economic Development Program at the University of Kentucky. The program provides technical assistance and research and development tools to increase productivity, spur innovation, and promote entrepreneurship to help increase long-term regional competitiveness and economic diversification.

"The Von Allmen Center for Entrepreneurship is pleased that the Economic Development Administration has renewed its funding of VACE as the state’s only EDA University Center," said VACE Director Warren Nash. "The EDA funding will allow the Center to foster innovation and entrepreneurship at UK through programs such as the Entrepreneurs Bootcamp as well as continue to support Kentucky’s growing entrepreneurial ecosystem."

EDA’s University Center program is a competitively-based partnership between EDA and academic institutions that makes the varied and vast resources of universities available to the economic development practitioner community. To learn more about EDA’s University Centers and future grant competitions, please visit: https://www.eda.gov/programs/university-centers/