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U.S. commerce secretary to tour ORNL Manufacturing Demonstration Facility

Posted at 12:11 am August 25, 2015
By Oak Ridge Today Staff Leave a Comment

Penny Pritzker

Penny Pritzker

U.S. Secretary of Commerce Penny Pritzker will tour the Manufacturing Demonstration Facility at Oak Ridge National Laboratory in Knoxville on Thursday. It’s a trip to tour the Institute for Advanced Composites Manufacturing Innovation, part of the National Network for Manufacturing Innovation.

President Barack Obama created the NNMI to strengthen the global competitiveness of America’s manufacturing sector and our workforce. The NNMI currently has six institutes, and three additional institutions under competition, each of which is focused on the development of a different 21st century technology.

The Institute for Advanced Composites Manufacturing Innovation works to develop lower-cost, higher-speed, and more efficient manufacturing and recycling processes for next-generation materials, including advanced polymer composites for vehicles, wind turbines, and compressed gas storage, a press release said. In addition, IACMI’s research, development, and demonstration programs are focused on reducing technical risk and developing a robust supply chain to support a growing advanced composites industry. [Read more…]

Filed Under: Federal, Front Page News, Government, Meetings and Events, Oak Ridge National Laboratory, U.S. Department of Energy Tagged With: Barack Obama, global competitiveness, IACMI, Institute for Advanced Composites Manufacturing Innovation, manufacturing, Manufacturing Demonstration Facility, National Network for Manufacturing Innovation, NNMI, Oak Ridge National Laboratory, Penny Pritzker, U.S. Secretary of Commerce

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

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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...]

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