Angel Investment Group Launched in Ashland

Eastern Kentucky businesses will no longer need to go out of the area to obtain funding help, said Mick Fosson, director of the Kentucky Innovation Network Office in Ashland. The Office is establishing the Tri State Angel Investment Group (TSAIG) that is focused on investing in startup businesses throughout the region.

Our team, made up of savvy, successful and dedicated business leaders, has worked diligently to have a significant fund available. The group has already created an investment fund. Now, we are ready to begin the process of looking at investment deals and helping our regional businesses succeed.

In addition to working directly with entrepreneurs, TSAIG also plans to collaborate with the Kentucky Cabinet for Economic Development, the Kentucky Innovation Network, Kentucky Angels Network, the Shaping Our Appalachian Region (SOAR) initiative and other groups to encourage innovation and strengthen the small business climate in eastern Kentucky.

By increasing the exposure between investors and entrepreneurs, we can provide opportunities to invest in Kentuckys companies of tomorrow and provide growth capital to entrepreneurs, said Mandy Lambert, Commissioner of Business Development in the Kentucky Cabinet for Economic Development. TSAIG will support and grow the entrepreneurial and creative communities in the region.

The Kentucky Innovation Network Office in Ashland, established through Ashland Community and Technical College, serves Boyd, Carter, Elliott, Greenup, Lawrence and Lewis Counties. For more information, contact Fosson at: mick.fosson@kctcs.edu.