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Tech 2020-led team receives $250K grant for investment capital effort

Posted at 12:11 pm April 1, 2015
By Oak Ridge Today Staff Leave a Comment

Tech 2020 Logo

A proposal team led by Technology 2020, or Tech 2020, in Oak Ridge has received a $250,000 federal grant to create a seed capital fund. The goal is to establish a permanent source of professionally managed, seed-stage investment capital focused on technology-generating institutions, entrepreneurs, and young companies in Tennessee, a press release said.

The grant was announced this week by U.S. Secretary of Commerce Penny Pritzker.

Tech 2020 led a proposal team that included Memphis Bioworks Foundation, Meritus Ventures, and Innova Memphis. The team proposed to create the “TennesSeed Fund.”

The TennesSeed Fund team will receive the $250,000 grant, and it will be supported by Meritus and Innova to conduct an assessment of best practices, and then organize and launch a new seed fund focused on “proof of concept” financings in Tennessee. The initial focus of investments will be intelligent and sustainable transportation and logistics, which is an industry cluster where Tennessee has a competitive advantage bolstered by strong research, development, and commercial activity, a press release said. [Read more…]

Filed Under: Business, Federal, Front Page News, Government, Oak Ridge, Top Stories Tagged With: capital fund, challenge grants, cluster grant, cluster grants, Commerce Department, Economic Development Administration, EDA, federal grant, Grady Vanderhoofven, grant, Innova Memphis, investment capital, Ken Woody, Launch TN, Memphis Bioworks Foundation, Meritus Ventures, Oak Ridge National Laboratory, Office of Innovation and Entrepreneurship, OIE, Penny Pritzker, Regional Innovation Strategies, RIS, science and research park development grants, seed capital fund, seed capital funds, Tech 20/20, Technology 2020, TennesSeed Fund, Teri Brahams, U.S. Department of Energy, U.S. Secretary of Commerce, University of Tennessee Research Foundation, VDO, venture development organization

Roane State to host workshops on applying for USDA grants

Posted at 10:37 pm March 13, 2014
By Roane State Community College Leave a Comment

Farmers, ranchers, and rural small business representatives are invited to upcoming workshops on applying for a federal grant that supports renewable energy projects.

The U.S. Department of Agriculture’s Rural Energy for America Program, or REAP, promotes rural economic development by assisting rural business to become more energy efficient. Grant funds can cover up to 25 percent of eligible projects.

Roane State Community College will host two workshops on applying for the grant. Representatives of Lenoir City-based ARiES Energy will prepare grant applications for those interested. [Read more…]

Filed Under: College, Education, Federal, Front Page News, Government Tagged With: ARiES Energy, Clinton Higher Education and Workforce Training Facility, economic development, federal grant, Kim Harris, REAP, renewable energy, Roane State Community College, Rural Energy for America Program, U.S. Department of Agriculture, workshops

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Public Notice: NNSA announces no significant impact of Y-12 Development Organization operations at Horizon Center

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