The KYNETIC (Kentucky Network for Innovation & Commercialization) program supports faculty, staff, trainees and students who want to accelerate introduction of their ground-breaking innovations to the marketplace to address unmet needs to benefit human health.
KYNETIC does this by:
- Developing infrastructure for identifying technologies;
- Allocating funding (up to $200k/technology) for product definition studies (e.g., feasibility studies, prototype development, or proof-of-concept studies);
- Providing access to early-stage development expertise and mentorship;
- Offering hands-on skills development in entrepreneurism; and
- Accelerating development of commercialization strategies.
Eligible KYNETIC technologies must originate from a participating University or community/technical college in Kentucky and focus on healthcare-related products.
The KYNETIC program is funded through the National Institute of Health’s Research Evaluation and Commercialization Hub (REACH) program. The goal of the program is to support proof-of-concept centers (hubs) that facilitate and accelerate the translation of biomedical innovations into commercial products that improve patient care and enhance health.
The KYNETIC hub is led by the University of Kentucky (UK), University of Louisville (UofL) and Commonwealth Commercialization Center (C3). The long-term goals of the program are to foster commercialization success, economic development and entrepreneurial culture change throughout Kentucky.