Coleman has 'serious concerns' about possible noncompliance
Jan 28, 2010 11:31 AM
One manager says program could lure out-of-state relocations [From our print edition featured in Monday's City Paper]
Jan 24, 2010 12:12 PM
Milt 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.
Nov 25, 2009 8:08 AM
Former VUMC vice chancellor for health affairs says follow-on TNInvestco fund also possible
Nov 6, 2009 2:07 PM
Five local VC firms to share in state's $120M venture funding pool [Updated with video of announcement]
Nov 5, 2009 9:11 AM
From the State of Tennessee:
Economic and Community Development Commissioner Matt Kisber and Revenue Commissioner Reagan Farr have scheduled Thursday, November 5, 2009 at 10:00 a.m. Central time to announce the six venture capital fund finalists and two alternates for the TNInvestco program. The TNInvestco program was created by the Tennessee General Assembly in 2009 and the commissioners of ECD and Revenue were charged with allocating $120 million dollars in gross premiums tax credits to the successful applicants in order to leverage private investment in early stage and mid stage capital investment programs. The aim of the program is to attract capital to Tennessee companies and create jobs in the process.
Nov 4, 2009 1:56 PM
Milt 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.
Oct 27, 2009 8:28 AM
Out-of-state players get short end of TNInvestco shortlist
Oct 7, 2009 12:42 PM
As deadline looms, notable local entrepreneurs join ranks of TNInvestco applicants [chart updated to add two more applicants named Friday morning]
Oct 1, 2009 3:26 PM
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