TNInvestco: Investor Profile Roundup
Guest blogger Ben Garrison joins us with another update on the TN Investco awards of $120M in tax credits, designated for investment in Tennessee start-ups.
With the announcement of the six finalist TNInvestcos yesterday, there is a huge buzz and lots of information on the finalists flying around the blogosphere.
Below is a quick summary and roundup, complete with each TNInvestcos target investment profile and their contact information.
Tennessee Community Ventures Fund, LLC (Nashville) Transformative technology enabled products and services across all industries. Contact Info: Eric Satz, Managing Director, 615-456-8534
XMi High Growth Development Fund, LLC (Nashville & Chattanooga) All industries. Contact Info: Michael Schmerling, 615-248-9255, http://www.xmi.us.com/
Limestone Fund, LLC (Nashville) Early-stage life sciences and technology companies targeting patients and consumers. Contact Info: Joe Cook- 615-313-9995, http://www.mountaingroupcapital.com/
Tri-Star Technology Fund, LLC (Nashville) Health care, including: biotechnology, pharmaceuticals, personalized medicine, medical devices, health care IT and health care services (concentration on companies emerging from research institutions in TN). Contact Info: Christopher Rand, 615-414-2948
Council & Enhanced Tennessee Fund, LLC (Nashville) Innovative, high growth market opportunities. Contact Info: Dennis Bottorff, 615-255-3707
Innova Fund II, LP (Memphis) Biosciences, technology and agbio fields. Contact Info: Ken Woody, 901-866-1430, www.innovamemphis.com
If you’re an entrepreneur seeking investment, it’s certainly not too late to apply. Commissioner Farr said the funds may begin marketing their allocations and reviewing applications from companies immediately, but the law creating the TNInvestco program specifies allocations will not be received by the venture funds until January 2010.
by Ben Garrison on 11/6/2009 in Deal History
