TAEBC joins Launch Tennessee for inaugural ‘Innovation Week on the Hill’

Launch Tennessee executives were at Tennessee’s Capitol Hill early February connecting entrepreneurs and innovators with legislators to discuss key challenges that small businesses face today.

“Innovation Week on the Hill” on February 5-8 was packed with special events, meetings and meaningful connections between policymakers and job creators.

The Tennessee Advanced Energy Business Council, Life Science Tennessee, Nashville Tech Council, and EO Nashville collaborated with Launch Tennessee on this first-of-its-kind event to bring entrepreneurship and innovation to the forefront of Tennessee’s legislative process.

This shared effort resulted in:

  • 390 entrepreneur & innovator exchanges with legislators
  • 106 meetings held with legislators
  • 250+ legislative reception attendees

(L to R): Lindsey Cox, Dir. of Operations and Government Affairs at Launch Tennessee; Anna Douglas, Founder of SkyNano Technologies; State Rep. John Ragan, District 33; Cortney Piper, Vice President of TAEBC

During “Innovation Week on the Hill,” Launch Tennessee shared its success with lawmakers in helping increase the number of Tennessee angels since the State Legislature’s passage of the Tennessee Angel Tax Credit in 2016. If you remember, the ATC was designed to increase the pool of early-stage capital, get new investors engaged in the ecosystem and give entrepreneurs in Tennessee an additional selling point when pitching their companies for investment.

For 2017, Launch Tennessee issued $1.84M worth of credits, tied to $6.3M of capital invested in Tennessee companies. 29 companies attracted investment from angels benefitting from the program, receiving an average check size of $73,055 from 68 unique angel investors.

These 68 investors could receive up to $50,000 in tax credits and many invested in multiple companies. This is significant because, as awareness of ATC grew, angels wanted to maximize their amount of eligible credits for 2017 and looked for other pre-qualified companies to invest in. This created a multiplier effect, increasing the number of Tennessee investments that otherwise might not have been made.

“Innovation on the Hill” also included Launch Tennessee speaking about its invitation to join Kauffman’s first-ever Entrepreneurs’ Policy Network. The network will serve as an alliance of organizations that will bring the voices of entrepreneurs to policy debates at the state level.

(L to R): Cortney Piper, Vice President of TAEBC; Charlie Brock, CEO & President of Launch Tennessee; Lindsey Cox, Dir. of Operations and Government Affairs of Launch Tennessee.

Launch Tennessee was selected as a grant recipient and is one of six entrepreneurial support organizations chosen from an invitation-only nationwide RFP process. The Entrepreneurs’ Policy Network seeks to remove barriers to new business creation and entrepreneurial success by improving public policy at the state level.

Among other actions, grant recipients will:

  • Identify state policies that inhibit entrepreneurship,
  • Educate policymakers about the impact of those policies in erecting barriers to entrepreneurship,
  • Build support for entrepreneurs and entrepreneurship generally, and
  • Facilitate informational interactions between policymakers and entrepreneurs.

The Tennessee Advanced Energy Business Council has partnered with Launch Tennessee to form the Energy Mentor Network. The network showcases the state’s lucrative advanced energy industry and recent achievements in the field.

The Energy Mentor Network’s goal is to foster the growth of Tennessee advanced energy startups by connecting entrepreneurs with mentors and industry specific expertise.

Since 2016, the network has doubled the number of mentors in the program to 25 with expertise ranging from energy systems, clean tech, intellectual property, business and finance strategy. Six companies are currently enrolled in the Energy Mentor Network.

Last year the network recognized its first graduate, Solar Site Design, which achieved significant traction while enrolled in the Energy Mentor Network.

Energy Mentor Network Company: SkyNano Technologies

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.

This week TAEBC is highlighting SkyNano Technologies. SkyNano Technologies has developed an open system manufacturing technique to produce low cost, high value carbon nanotubes, a material with potential applications in a variety of areas from energy storage to consumer electronics. Compared to traditional manufacturing processes that require high vacuum and high pressure gas flow systems, SkyNano’s patent-pending technology relies on the electrochemical conversion of carbon dioxide, resulting in a process that is lower in cost and scalable for commercial applications. Aside from lowering the cost of carbon nanotubes, SkyNano’s technique offers a promising method for converting atmospheric carbon dioxide into useful functional nanomaterials.

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.

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

Kauffman Foundation selects Launch Tennessee to form first-ever Entrepreneurs’ Policy Network

The Kauffman Foundation recently announced it has selected six entrepreneur support organizations, including Launch Tennessee, as grant recipients to form the first-ever Entrepreneurs’ Policy Network.

The Entrepreneurs’ Policy Network will be an alliance of organizations that will bring the voices of entrepreneurs to policy debates at the state level.

Launch Tennessee has partnered with the Tennessee Advanced Energy Business Council to manage the Energy Mentor Network. The Energy Mentor Network’s goal is to foster the growth of Tennessee advanced energy technologies and startup by connecting entrepreneurs with mentors and industry specific expertise.

Entrepreneurs are the beating heart of the American economy, but they typically are too busy building their businesses to make their voices heard in public policy, resulting in more barriers to new business creation and waning business startup rates.

The Kauffman Foundation has committed $1.9 million in grant funding for this initiative which will be awarded to Launch Tennessee, Bunker Labs, Chicagoland Entrepreneurial Center, Enterprise Center of Johnson County, Metropolitan Economic Development Association, and Venture Hall.

As members of the Entrepreneurs’ Policy Network, the organizations will:

  • Identify state policies that inhibit entrepreneurship
  • Educate policymakers about the impact of those policies in erecting barriers to entrepreneurship
  • Build support for entrepreneurs and entrepreneurship generally
  • Facilitate informational interactions between policymakers and entrepreneurs

Read the official announcement here.

Energy Mentor Network Company: Peroxygen Systems

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.

This week TAEBC is highlighting EMN company Peroxygen Systems. Peroxygen Systems is a clean chemistry company developing breakthrough technology for on-site hydrogen peroxide production. The startup is working toward fundamentally disrupting the existing manufacturing and distribution model for hydrogen peroxide. Peroxygen Systems’ on-demand electrolyzer can reduce the cost of producing hydrogen peroxide by over 50%, while also completely eliminating the cost and safety issues associated with shipping and handling of high concentration hydrogen peroxide.

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.