Advance to competition in Frankfort
LEXINGTON, Ky. (June 23, 2014) — A pair of Kentucky small business owners recently won Kentucky Cabinet for Economic Development entrepreneur pitch competitions, receiving cash prizes and the opportunity to present to the Kentucky Angel Investors Network in Frankfort later this year. Participants had 10 minutes to present their ideas to judges.
Central Kentucky’s Brian Mefford, founder and CEO of Connected Nation Exchange, won the Elizabethtown contest for his presentation of his startup software company that has a goal of creating faster data for wireless devices, which has created a proprietary database to allow it to determine placement of transmitter receiver hardware throughout the country to speed up service.
Paducah’s Lula Luu won the Murray competition for her company Fin Gourmet, which specializes in the harvesting and processing of natural Asian carp, raised in Kentucky. Luu says procuring the fish locally is important to her customers.
“I really enjoyed my experience,” said Luu. “To have an opportunity to pitch to an established panel of businessmen and women, and to receive valuable feedback and input from them, was priceless. What I found so unique to Kentucky is the willingness to share resources and to foster entrepreneurs wherever they may be on their business journey.”
Last year, the Cabinet successfully launched the Kentucky Angel Investors Network. Kentucky Angels brings new ventures and accredited investors together via monthly online meetings, providing investors access to form deals and partnerships with entrepreneurs statewide. Membership is open to those accredited investors in and outside the state who are passionate about investing in Kentucky companies.