State commits private equity to L.A. firm
Posted on March 10, 2010 at 8:24 amMilt Capps has an update on the work Lamar Villere is doing to deploy some Tennessee Consolidated Retirement System cash into private equity. The latest firm to be allocated some millions is California’s Oaktree Capital Management.
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TSU looks to shape research consortium
Posted on February 2, 2010 at 8:19 amMilt Capps has the lowdown on efforts to form the Capital City Research Consortium, a group that would improve the region’s technology transfer system.
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Team looks like market VU nanotech drug technology
Posted on December 17, 2009 at 7:40 amMilt Capps reports on the budding efforts by a group of scientists to commercialize some interesting nanotechnology used to better target and dose pharmaceuticals.
Harth expressed confidence that Revalida’s ability to “tailor” drug delivery to support a wide range of drugs that require “very sustained and very constant rate” of administration will soon lead to significant progress in such fields as chemotherapy for cancer patients.
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TNInvestco may grow further
Posted on November 25, 2009 at 8:08 amMilt Capps has an update on the efforts by several TNInvestco players to expand the program’s tax credits beyond their initial $120 million ceiling.
Kisber and Farr publicly announced Nov. 5 their intention to pursue an additional $40 million in tax-credit allocations for the two backup funds: Tennessee Angel Fund, closely tied to Nashville Capital Network; and, Solidus-TNInvestco LLC.
In the interim since then, the commissioners are said to have have signaled TNInvestco participants they may be willing to pursue a further $40 million to cover the remaining two TNInvestco finalists that were not among the six outright winners: Memphis Biomed Ventures Tennessee; and, NEST-TN LLC.
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TTDC envisions its own 2.0
Posted on October 27, 2009 at 8:28 amMilt 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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Joe Freedman is launching companies again
Posted on October 16, 2009 at 8:17 amApparently seeking to claim once and for all the title of Nashville’s serial-est entrepreneur, Joe Freedman tells Milt Capps about three new ventures in the legal services arena. And he’s not afraid to say where he doesn’t expect to snare funding for them.
He said his professional networks in New York City, Los Angeles and elsewhere make it much easier for him to raise money in those cities than in Nashville, where investors are “so healthcare-ingrained,” not familiar with software-as-a-service (SaaS) startups, and “too damn nice” to give you a quick No, when they’ve made their decision.
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Angels in the TNInvestco mix
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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A facelift for Tennessee’s ECDers
Posted on September 3, 2009 at 6:31 amMilt Capps reports on the Tennessee Department of Economic and Community Development’s plans to roll out a new Web site called InvestTennessee. Hall Strategies and MMA Creative are putting the finishing touches on the project.
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