• About
    • About Us
    • What We Cover
  • Advertise
    • Advertise
    • Our Advertisers
  • Contact
  • Donate
  • Send News
  • Subscribe

Oak Ridge Today

  • Home
  • Sign in
  • News
    • Business
    • Community
    • Education
    • Government
    • Health
    • Police and Fire
    • U.S. Department of Energy
    • Weather
  • Sports
    • High School
    • Middle School
    • Recreation
    • Rowing
    • Youth
  • Entertainment
    • Arts
    • Dancing
    • Movies
    • Music
    • Television
    • Theater
  • Premium Content
  • Obituaries
  • Classifieds

Tech 2020 to sell building; other groups will continue organization’s work

Posted at 12:53 pm March 30, 2016
By Oak Ridge Today Staff Leave a Comment

Technology-2020-Jan-27-2016

The board of directors for Technology 2020, which is located in Commerce Park in south Oak Ridge, voted Tuesday, Jan. 26, 2016, to wind down operations after more than two decades of operations. Tech 2020 announced March 30 that it will sell the building. (Photo by John Huotari/Oak Ridge Today)

 

The Tech 2020 Board of Directors approved a plan Tuesday that allows many of the organization’s top initiatives to be continued under the leadership of other enterprises, officials said. The Tech 2020 building, which is located in Commerce Park in south Oak Ridge, will be sold.

In January, the Tech 2020 Board agreed to wind down operations after more than two decades.

“Our goal these past few months has been to preserve some of Tech 2020’s important resources, and we believe we’ve accomplished that with the plan approved at Tuesday’s meeting of the Board,” said David Bradshaw, Tech 2020 chair.

That plan calls for the transfer of several of the Tech 2020 regional missions to other organizations on or before April 30, and the financial assets of a fourth to be returned to its founding members, a press release said.

“When the Board voted on January 26 to wind down operations, it asked that we explore options to transition existing missions to other not-for-profit organizations,” Bradshaw said in the press release. “We asked interested organizations to outline their ideas, and we are pleased that several have stepped forward with concrete proposals.” [Read more…]

Filed Under: Business, Business, Front Page News, Oak Ridge, Slider Tagged With: autoXLR8R, Center for Industrial Services, Commerce Park, David Bradshaw, Digital Crossing, Grady Vanderhoofven, GridSmart, Imtek, Innova Memphis, Kentucky Highlands Investment Corporation, Memphis Bioworks Foundation, Meritus Capital Management, Meritus Kirchner, Nanotek, NetLearning, NucSafe, Oak Ridge National Laboratory, Pro2Serve, Protein Discovery, Protomet, RAMP, Regional Advanced Manufacturing Partnership, SAF, Smoky Mountains FIRST Robotics Competition, Southern Appalachian Fund, Tech 20/20, Tech 2020 Executive Committee, TN FIRST LLC, University of Tennessee, University of Tennessee Research Foundation, US FIRST

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

Search Oak Ridge Today

Classifieds

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

AVAILABILITY OF THE FINAL ENVIRONMENTAL ASSESSMENT FOR THE OFFSITE HOUSING OF THE Y-12 DEVELOPMENT … [Read More...]

ADFAC seeks contractors for five homes

Aid to Distressed Families of Appalachian Counties (ADFAC) is a non-profit community based agency, … [Read More...]

Public notice: Draft environmental assessment for Y-12 Development Organization at Horizon Center

AVAILABILITY OF THE DRAFT ENVIRONMENTAL ASSESSMENT FOR THE OFFSITE HOUSING OF THE Y-12 DEVELOPMENT … [Read More...]

Recent Posts

  • Community Thanksgiving is Thursday
  • Windrock wildfire controlled
  • ORHS Masquers Showcase is Saturday
  • Minor traffic delays possible due to Secret City Half Marathon, 5K
  • Burn ban in effect in Oak Ridge, restrictions in OS
  • State: Rocky Top wildfire 100 percent contained
  • Rocky Top fire grows to 210 acres, 75 percent contained
  • AC man charged with murder
  • School bus driver arrested following alleged assault on elementary student
  • NNSA Notice of Availability

Recent Comments

  • Anne Garcia on School bus driver arrested following alleged assault on elementary student
  • Raymond Dickover on Blockhouse Valley Recycling Center now open 6 days per week
  • Mike Mahathy on School bus driver arrested following alleged assault on elementary student
  • Norah Higgins on Links between religion, violence, gender to be discussed at Lunch with League
  • Matthew Perkins Coppola on Family of Hannah Morris has receiving of friends, celebration of life on Sunday
  • John Huotari on Power to TRISO at Horizon could cost $13 million
  • John Huotari on Lawsuit seeks 2020 election audit, voting machine restriction
  • Peter Scheffler on Lawsuit seeks 2020 election audit, voting machine restriction
  • Peter Scheffler on Power to TRISO at Horizon could cost $13 million
  • Matt Bailey on Dodson also wants to serve as mayor pro tem

Copyright © 2023 Oak Ridge Today