Startup Week Louisville 2021 Startup Week Louisville 2021

Access to Capital

Tuesday, September 21, 2021

- EDT
SSBCI 2.0: The Potential for KY Capital Formation
Kelby Price
Kelby Price
Kentucky Science and Technology Corporation, Executive Director, Venture Development
Eric Cromwell
Eric Cromwell
Cromwell Schmisseur, President
Dan Schmisseur
Dan Schmisseur
Cromwell Schmisseur, Founding Member

U.S. Treasury SSBCI Program

The American Rescue Plan Act of 2021 includes a $10 billion reauthorization of the State Small Business Credit Initiative (SSBCI), a Treasury-administered federally funded economic development program intended to increase state capacity to support small business “access to capital” programs. “SSBCI 2.0” will provide the Kentucky Cabinet for Economic Development with at least $82 million of federal funds. Join Cromwell-Schmisseur, a consulting firm that served as technical advisors to the U.S. Treasury for programs funded by SSBCI 1.0, to understand the potential for Kentucky entrepreneurship through SSBCI 2.0.

- EDT
Wave Kentucky Whiskey 2021 Digital Fund
Ben Tsai
Ben Tsai
Wave Financial, President & Managing Partner

Last year’s Fund, despite commencing at the onset of the pandemic, received numerous nods from Forbes, Barron’s, and Institutional Asset Manager to name a few. The Fund won the coveted TADS Best in Class Asset Backed Token award since it offers fractional shares to a portfolio of whiskey barrels, providing exposure to the aging of Kentucky whiskey, a hard to access asset class with promising returns.  For the 2020 Fund, we purchased 2,700 barrels at less than $1,000 per barrel to be sold in 4 years for an anticipated $3,000 - $5,000 per barrel. If this target is reached,  the Fund may attain a 20% target return and estimated 2.3X investor equity multiple.  Our research indicates that whiskey is typically resilient in economic downturns, as during the 2007-2009 crisis, year-over-year sales by volume decreased only once by less than 1%. Similarly, despite declines in 2020 due to the Coronavirus Pandemic, the whiskey category is projected to grow revenue every year through 2024.

Thursday, September 23, 2021

- EDT
University Innovation, Funding Technologies, & Paying It Forward For Future Founders
Bryce Butler
Bryce Butler
Access Ventures, Managing Director
Landon Young
Landon Young
Elevate Ventures, Executive Director of University Initiatives
Ian McClure
Ian McClure
University of Kentucky, Associate Vice President for Research, Innovation and Economic Impact; Exec. Director, UK Innovate
Natalia Bishop
Natalia Bishop
University of Louisville, Director of Innovation & Entrepreneurship

Friday, September 24, 2021

- EDT
ART WORK: Capital for Creatives (In-person only)

So you have the next best idea for a film or other visual art project, but now what? Learn tips for writing and finding grants, what grant makers are looking for, how to find and pitch your project to investors and other financial artist-support streams that exist to help you take your idea from concept to completion.

Presented by 502 Film Collective

- EDT
No luck at the bank? CDFI's and their economic impact on a startup community
David Taliaferro
David Taliaferro
Lenderfit, Co-Founder & CEO
Mary Ellen Wiederwohl
Mary Ellen Wiederwohl
LHOME, Interim President & CEO
Keisha Deonarine
Keisha Deonarine
Park Community Credit Union, Executive Director of Philanthropy and Corporate Relations

Join us as we talk about this little known industry that's entering a golden age due to the pandemic, and how if you've you might be able to access capital form a CDFI when mainstream lenders are saying "not yet."


When it comes to financing a little known act of congress in 1970 called the "CRA act" spawned an entire industry. Banks would be required to provide capital non-profit entities that are known as Community Development Finance Institutions. As banking became more profitable, and more national vs local, the minimum threshold for deal size and what type of deals they were willing to work on continued to grow (along with the requirements for approval). Small businesses were, and still are, the lifeblood of the American economy. Thus, this act established a flow bank capital out to certified non-profit lenders who are focused on loan amounts under $50,000.