Kentucky APEX Accelerator News
Kentucky Procurement Technical Assistance Center rebrands to Kentucky APEX Accelerator as part of new Department of Defense program
LEXINGTON, KY – January 26, 2023 – The Kentucky Procurement Technical Assistance Center (KYPTAC), an initiative of the Kentucky Science and Technology Corporation (KSTC) has rebranded to Kentucky APEX Accelerator. The rebrand comes as part of a larger move for the national Procurement Technical Assistance Program, which was previously housed in the Defense Logistics Agency and moved to the Department of Defense (DOD) in October 2022.
“Last fiscal year we helped Kentucky businesses secure over $2 billion in contracts through the Kentucky Procurement Technical Assistance Center. We’re proud to continue those services as the Kentucky arm of the new federal APEX Accelerators program,” shared KSTC President Terry Samuel.
KY APEX Accelerator is one of more than 90 APEX Accelerators around the country. The DOD-led program provides matching funds through cooperative agreements with state and local governments and non-profit organizations for the establishment of what was formerly known as the Procurement Technical Assistance Centers, now the APEX Accelerators, to provide procurement assistance. The mission of the APEX Accelerators is to serve as the axis for existing and new business to strengthen the defense industrial base by accelerating innovation, fostering ingenuity, and establishing resilient and diverse supply chains.
The KY APEX Accelerator offers free services to help Kentucky businesses win government contracts at the national, state, and local level. The team provides statewide coverage through seven regional offices in Bowling Green, Covington, Elizabethtown, Lexington, Louisville, Morehead, and Paducah. Under the DOD, their services have expanded to include assistance with cybersecurity; risks of foreign ownership, control, and influence (FOCI); and protection of intellectual property.
“Our clients rely on our services to help them navigate the complex world of government contracting,” said KY APEX Accelerator Executive Director Nancy Brown. “This change will help our clients succeed across an even wider range of contracting topics.”
In addition to consulting services, KY APEX Accelerator also partners with local and state agencies such as the Kentucky Cabinet for Economic Development and KY Innovation to foster economic growth in Kentucky. The group’s Construction Diversity Accelerator hosted in partnership with Turner Construction and the University of Kentucky is accepting applications through January 27 for the spring 2023 cohort.
Those interested in free services from KY APEX Accelerator can visit www.kyapex.com to learn more.
About APEX Accelerators
APEX Accelerators is a program of the Department of Defense that helps small businesses secure contracting opportunities with the government through technical assistance and guidance. With over 95 locations throughout the country, APEX Accelerators is committed to driving innovation and propelling small businesses to new heights. Learn more at www.apexaccelerators.us.
About Kentucky APEX Accelerator
Formally known as KYPTAC, the Kentucky APEX Accelerator is an initiative of the Kentucky Science & Technology Corporation (KSTC) that promotes economic development and private sector business growth by providing free assistance to companies interested in providing products or services to federal, state, and local governments and large primes, which annually offer billions of dollars in contracts to private sector companies. Learn more at www.kyapex.com.
The Kentucky Science & Technology Corporation (KSTC) is a private, statewide non-profit corporation committed to advancing science, technology, and innovative economic development founded on Kentucky know-how. KSTC seeks to improve the capacity of people, companies, and organizations to build an innovation-driven economy in Kentucky. Learn more at www.kstc.com.