Innovation Crossroads Showcase webinar emphasizes value of East Tennessee entrepreneurship

This year’s Innovation Crossroads Showcase emphasized the value of statewide partnerships and entrepreneurship in the East Tennessee region. Presented by the Tennessee Advanced Energy Business Council and LaunchTN, the virtual event took place during Innov865 Week 2020.  

Kicking off the event, TAEBC Executive Director Cortney Piper spoke about TAEBC’s partnership with LaunchTN and creation of the Energy Mentor Network. The Energy Mentor Network program’s goal is to foster the growth of Tennessee advanced energy technologies and startups by connecting entrepreneurs with mentors and industry specific expertise. Piper highlighted the accomplishments of program graduates, including Solar Site Design, SkyNano Technologies, Stone Mountain Technologies, and Active Energy Systems.  

Afterward, Piper moderated a fireside chat with Van Tucker, LaunchTN’s Interim Chief Executive Officer, where they discussed Tucker’s background, LaunchTN’s work in the state, and the entrepreneurial ecosystem of East Tennessee.  

“I’m really proud of the work that is being done in East Tennessee,” Tucker remarked. 

Speaking about what gives her hope for the future, Tucker said that while there are plenty of challenges and problems that have arisen due to COVID-19, she believes “this is the moment for innovators and entrepreneurs” to rise up.

“Entrepreneurs are, I believe, the best chance we have of rapid economic recovery in our nation at the moment,” she said. “And they need to be given the resources they need to grow and thrive and help contribute to that economic recovery.”

Later, Dan Miller, Director, Innovation Crossroads, spoke about the Innovation Crossroads program and upcoming Cohort Five application deadline. Based at Oak Ridge National Laboratory, the Innovation Crossroads program leverages ORNL’s scientific resources and capabilities and connects the nation’s top innovators with experts, mentors, and networks in technology-related fields to take world-changing ideas from research and development to the marketplace. 

Miller then introduced Innovation Crossroads Cohort Four startups for their pitches. Attendees heard pitches from Actinic, AquaQuant Laboratories, Becq, PixelEXX Systems, and Quantum Lock Technologies.

Mitchell Ishmael, Cohort One alumni and co-founder of Active Energy Systems, moderated a panel discussion with Cohort Two alumni as they provided updates on their businesses and reflected on their time in the Innovation Crossroad and Energy Mentor Network programs. Panelists included Don DeRosa of Eonix, Shane McMahon of Lux Semiconductors, Justin Nussbaum of Ascend Manufacturing, and Megan O’Connor of Nth Cycle.

“The Knoxville area in general is extremely supportive,” Nussbaum said. “Everyone that I have worked with around here is always willing to help and provide feedback. It’s just been a great area to build a company in because of that assistance.” 

To learn more about the Energy Mentor Network or become a mentor, click here. To learn more about Innovation Crossroads or apply for Cohort Five before the October 31 deadline, follow this link.

Using father’s tools as a youngster sparked Ascend Manufacturing Justin Nussbaum’s interest

(NOTE: This is the third article in a five-part series spotlighting the work of the second cohort of start-ups comprising Oak Ridge National Laboratory’s “Innovation Crossroads” initiative. They arrived in the area in May to begin their two-year effort to further advance their early stage energy-focused companies.)

Credit: Teknovation.biz

By: Tom Ballard, Chief Alliance Officer, PYA

One characteristic of many young entrepreneurs we have met and interviewed since launching teknovation.biz in early 2012 is the influence that their parents had on their pursuits. That’s certainly the case with Justin Nussbaum who is part of the second cohort of Oak Ridge National Laboratory’s (ORNL) “Innovation Crossroads” initiative.

The Founder and Chief Executive Officer of Ascend Manufacturing told us that his father had a lot of tools that were available to the young son as he grew-up in Clearwater, FL. “I enjoyed using them and, over time, they slowly became mine,” Nussbaum says. “I liked to take things apart. If I wanted something, I just built it.”

That curiosity led him to the University of South Florida where, as a volunteer at the school’s Micro-Integration Lab, Nussbaum was exposed to 3D printing. His interest in 3D printing began with the repair of a Fab@Home, one of the first commercially available hobby-level 3D printers. Nussbaum then used the printer to conduct research for his master’s degree and made his first invention disclosure for that work.

And, as they say, “game on” as his career path, at least for now, has been established. Ascend Manufacturing is developing an additive manufacturing  system, called Large Area Projection Sintering (LAPS), that offers many advantages over new and traditional technologies. With LAPS, components can be economically created with increased production rates, reduced peak processing temperatures, and extended exposure times, enabling the processing of a broader range of materials while also providing superior mechanical properties.

Read more here.

Energy Mentor Network Company: Ascend Manufacturing

The Tennessee Advanced Energy Business Council is featuring the companies benefiting from the Energy Mentor Network program, which offers industry specific expertise from experienced mentors.

The Energy Mentor Network‘s goal is to foster the growth of Tennessee advanced energy technologies and startups by connecting entrepreneurs with mentors. This gives Tennessee yet another advantage in grabbing its more than fair share of the $1.3 trillion global advanced energy market.

The Energy Mentor Network is run by the Tennessee Advanced Energy Business Council in partnership with Launch Tennessee.

In broad strokes, the Energy Mentor Network pairs mentors with promising new companies and entrepreneurs through a structured program involving panel presentations and mentoring sessions.

The purpose of the program is to develop quality startups. After completing the program, startups will have an investable pitch deck, a rock solid business model and a plan to establish more traction. These tools will position Tennessee’s entrepreneurs to raise capital, request other funds like SBIR grants, and scale their company.

Ascend Manufacturing is focused on developing a manufacturing grade, additive manufacturing  system, called Large Area Projection Sintering (LAPS), that offers many advantages over new and traditional additive manufacturing technologies.  With LAPS, components can be economically created with increased production rates, reduced peak processing temperatures, and extended exposure times, which enable processing of a broader range of materials while also providing superior mechanical properties.

TAEBC is currently accepting applications from Tennessee advanced energy companies to apply for the Energy Mentor Network program. If you are interested in this opportunity, please visit the “For Startups” section of the Energy Mentor Network portion of TAEBC’s website.

Ascend Manufacturing is enrolled in ORNL’s Innovation Crossroads program. TAEBC and Launch Tennessee provide non-exclusive business mentoring services to the Innovation Crossroads Innovators.