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IBC receives $25,000 grant

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By The Staff

The Lincoln Trail Innovation Center has announced that IBC (Innovative Building Component) Technologies is a recent recipient of a $25,000 grant awarded by the Kentucky Science and Technology Corporation under the Kentucky Enterprise Fund.

This fund is provided by the state through the Council on Postsecondary Education in support of Kentucky's knowledge based economy. Thirty-eight awards were recently made to start-up companies throughout the state of Kentucky with these awards totaling more than $2,000,000.

The award is among three in the area to start-up companies totaling $75,000 with a total of $175,000 being awarded to the central region of Kentucky in this most recent round of funding.

IBC

David Humphress and Steve Flinchum, owners of IBC Technologies in Campbellsville, were awarded a $25,000 state grant.

Funds will be used to further the technology they are developing in the building industry. With the motto of "where intricacy of design promotes simplicity of function" the system will allow any person with limited construction knowledge to construct their own building at substantial savings.

Lisa Williams, director of the Lincoln Trail Innovation Center in Elizabethtown, noted that all three companies honored are exciting, high-tech start-up companies with great potential for growth.

The Innovation Center, now in its fifth year of operation, continues to assist local inventors and entrepreneurs in successfully starting up their companies. The securing of grants and/or venture capital, and business mentoring are just part of the services offered by your local Innovation Center.

Grants, such as those mentioned above, can be used to further the inventor's technology in many ways such as patent work, prototyping, marketing and business plan development.