Kentucky Grants
Alternative Fuel Research, Development, and Promotion
Established legislatively as the Kentucky Alternative Fuel and Renewable Energy Fund Program, Kentucky New Energy Ventures (KNEV) is a state program that provides project funding to companies for research, development, and commercialization of alternative fuels and renewable energy. Specifically, KNEV is designed to: 1) grow Kentucky-based alternative fuel and renewable energy companies to promote statewide, innovation-driven economic growth; 2) stimulate private investment in Kentucky-based alternative fuel and renewable energy enterprises; 3) expand the alternative fuel and renewable energy knowledge base, talent force, and industry in Kentucky; 4) develop an alternative fuel and renewable energy resource network to build the technical and business capacity of entrepreneurs through informal and formal strategic support; and 5) build statewide awareness of the economic development opportunities offered by Kentucky’s alternative fuel and renewable energy industry.
