490 BioTech wins PYA’s inaugural Tom Ballard Innovation Award

TAEBC Energy Mentor Network graduates Eonix and Ascend Manufacturing secure second and third places

Last week, Knoxville-based PYA awarded 490 BioTech the inaugural Tom Ballard Innovation Award. Eonix, LLC and Ascend Manufacturing, Innovation Crossroads Cohort 2 alumni and TAEBC Energy Mentor Network graduates, came in second and third places respectively.

In securing first place, 490 BioTech, a biotechnology startup, will receive $50,000 in in-kind and capital services from PYA. Second place includes $10,000 worth of in-kind strategy support and third place involves $5,000 worth of in-kind strategy support from PYA.

“Today we’re celebrating their accomplishments,” said Tom Ballard, PYA’s Chief Alliance Officer and the award’s namesake, as he recognized the three startups during the award ceremony. Ballard has spent decades working on creating relationships and supporting the area’s entrepreneurial ecosystem. He is also the publisher of Teknovation.biz.

According to PYA’s announcement, the Tom Ballard Innovation Award is the largest combination of cash and in-kind services available to startups in the East Tennessee region. Held annually moving forward, the award will support early-stage companies that demonstrate “great promise and an innovative focus.”

“In short, we want entrepreneurs and business owners that start here to stay here. And we want innovation and business that move here to love and thrive here,” said PYA President and Chief Executive Officer Marty Brown. “So, a full support system by long-time East Tennessee businesses is critical to accomplish this. And this award, along with the cash and in-kind services, is just another commitment on behalf of the PYA owners to this entrepreneurial community.”

Ballard is a valued TAEBC member and the inspiration for TAEBC’s annual Thomas B. Ballard Advanced Energy Leadership Award. In 2019, TAEBC bestowed the first-ever award to Ballard himself during TAEBC’s Annual Meeting.

Learn more about PYA’s Tom Ballard Innovation Award here.