LaunchTN announces program to assist start-up companies

The TENN focuses on entities graduating from state's regional accelerators

Launch Tennessee (LaunchTN) announced Thursday The TENN program to identify and assist the top 10 start-up companies graduating from the state’s regional accelerators.

The program kicks off with a statewide demo day on Tuesday, Aug. 27, at the Bridge Building on the Cumberland River's East Bank, during which The TENN will be chosen. The Blackstone Foundation is sponsoring The TENN.

“Focusing on innovation and attracting and encouraging entrepreneurs are key economic development strategies in Tennessee,” Gov. Bill Haslam said in release. “Launch Tennessee’s initiative to coordinate a statewide network of startup accelerators is an important part of our ongoing efforts and isn’t being done anywhere else in the country. The TENN program, which is one of the most exciting projects to come out of this effort, recognizes the best and brightest of Tennessee’s entrepreneurs. I look forward to the new ideas, partnerships and investments that will result from the program.”

Companies that have graduated from one of Tennessee’s nine regional business accelerators from September 2013 through August 2013 can apply, by Aug. 2, to be one of The TENN. A panel of regional and national venture capitalists and angel fund leaders will select The TENN to participate in the inaugural program.

LaunchTN is a public-private partnership focused on supporting the development of the state’s high-growth companies.

For more, read here.