Lexington, KY - Eighty-Seven early-stage technology-based companies in Lexington and surrounding counties received funding and/or created jobs in 2012, according to an annual survey conducted by the Lexington Venture Club.
The survey results were announced at the Venture Club’s annual celebration at Paulie’s Toasted Barrel in downtown Lexington.
Early-stage companies received $83.8 million in funding from friends and family investors, angel and venture capital investors, federal funds, including SBIR and STTR grants; Kentucky state funds, including SBIR/STTR matching grant funds and investment from strategic partners.
The companies employ 823 people either in full time or part time positions, including 201 new full-time and 103 part-time hires.
The reported annual average salary for all full-time jobs maintained and created by these companies was $68,067.
Total revenue produced by these companies was $141.4 million.
These early-stage companies represent industry sectors in biotechnology and healthcare, advanced manufacturing, IT and software development, game development, energy technologies and business services.
The Lexington Venture Club was established to bring entrepreneurs, investors and service providers together to share information of common interest and to learn more about new business opportunities.
The Lexington Venture Club was co-founded in 2002 and is managed by Commerce Lexington and the University of Kentucky’s Von Allmen Center for Entrepreneurship and the Lexington Innovation & Commercialization Center (ICC), which is a part of the statewide Innovation Network supported by the Kentucky Cabinet for Economic Development.
To see a full list of the companies recognized, please visit www.lexingtonventureclub.com.