TNInvestco finalists to be announced

By Kleinheider Posted on November 4, 2009 at 1:56 pm

From the State of Tennessee:

Economic and Community Development Commissioner Matt Kisber and Revenue Commissioner Reagan Farr have scheduled Thursday, November 5, 2009 at 10:00 a.m. Central time to announce the six venture capital fund finalists and two alternates for the TNInvestco program. The TNInvestco program was created by the Tennessee General Assembly in 2009 and the commissioners of ECD and Revenue were charged with allocating $120 million dollars in gross premiums tax credits to the successful applicants in order to leverage private investment in early stage and mid stage capital investment programs. The aim of the program is to attract capital to Tennessee companies and create jobs in the process.

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Tags: economic development, entrepreneurship, Matt Kisber, Reagan Farr, tax credits, TNInvestco, venture capital  

TTDC envisions its own 2.0

By Geert De Lombaerde Posted on October 27, 2009 at 8:28 am

Milt Capps sums up some of the strategic changes being envisioned by the leadership of the Tennessee Technology Development Corp. as they face a potentially tough fight to secure new funding next spring. Among the ideas being floated is an intermediary role piggybacking on the new TNInvestco program.

… TTDC management has raised the possibility of asking the TTDC board to consider supporting the spinning-out of TTDC’s Tennessee Capital Formation Board, to create the “TCFB IP Holding Company,” which could help manage the licensing of intellectual property from universities, research institutions and companies to entrepreneurs.

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Tags: intellectual property, state government, technology transfer, Tennessee Technology Development Corp., TNInvestco, Venture Nashville  

Angels in the TNInvestco mix

By Geert De Lombaerde Posted on September 23, 2009 at 7:27 am

Milt Capps reports that the angel investors that last year helped launched a Nashville Capital Network sidecar fund are now also backing Tennessee Angel Fund, a statewide investment vehicle that is angling for a share of the TNInvestco funds the state will dole out.

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Tags: angel investing, entrepreneurship, Nashville Capital Network, Nashville Capital Network Angel Fund, Sid Chambless, Tennessee Angel Fund LP, TNInvestco, venture capital, Venture Nashville