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.

Vote for Nth Cycle to win crowd favorite prize at 36|86

Have you cast your vote for the Crowd Favorite Award from the list of finalists for the LaunchTN Pitch Competition at the 36|86 Entrepreneurship Festival yet? Innovation Crossroads startup Nth Cycle is eligible to win — so start voting today!

The Crowd Favorite Award provides competing startups a chance to win $10,000 to invest in their business. Live poll results will appear on LaunchTN’s website until Aug. 12. Voting will end Aug. 29 at 12p.m. CT, one hour before the pitch competition starts. The winner will be announced at the end of the competition.

Nth Cycle is enrolled within TAEBC’s Energy Mentor Network. The network’s goal is to foster the growth of Tennessee advanced energy technologies and startups by connecting entrepreneurs with mentors and industry specific expertise. Nth Cycle will be pitching onstage representing TAEBC.

So don’t forget to cast your vote for the $10,000 Crowd Favorite Award!

Nth Cycle is developing a recycling technology that utilizes carbon nanotube membranes for enhanced separation and recovery of solid rare earth and specialty elements (RESE)-oxides.  If successful, this technology will provide a high-throughput electrochemical recovery process for recycling RESE as an alternative to the conventional energy-intensive extraction and refining processes currently used to obtain these metals for manufacturing.  She holds a PhD in civil and environmental engineering from Duke University and is co-founder and Chief Executive Officer of Nth Cycle.

Two Innovation Crossroads Entrepreneurs named to Forbes 30 Under 30

(Originally published: Teknovation.biz)

Two Entrepreneurs in Oak Ridge National Laboratory’s (ORNL) “Innovation Crossroads”initiative are among 600 individuals selected from across the U.S. and Canada for the “Forbes 30 Under 30” cohort for 2019.

Anna Douglas, Co-Founder of SkyNano Technologies, and Megan O’Connor, Co-Founder on Nth Cycle, made the prestigious list. They were two of 30 individuals selected from the energy sector, one of 20 industries that Forbes identified for recognition. A total of 30 up and coming leaders was identified in each industry group.

In making the announcement yesterday, Forbes said that “Everything old is new again with the 2019 edition of the “Forbes 30 Under 30,” our annual list chronicling the brashest entrepreneurs across the United States and Canada. From creating milk without cows to trucks without drivers, these innovators are shaking up some of the world’s stodgiest industries. Spanning 20 different industries, our collection of 600 young leaders and entrepreneurs embodies how fresh vision, powerful technology and unwavering optimism can combine into earthshaking companies and movements. From finance to food, fashion to philanthropy, these risk-takers are forever changing how America does business.”

Forbes chose the 600 from thousands of nominees through what it says was a “three-layer process that relies on the knowledge and authority of our wide-reaching community, skilled reporters and expert judges.” The magazine’s Editors worked closely with a panel of judges that included well-recognized individuals like Tory Burch (Art & Style), Craig Newmark (Education), Padma Lakshmi (Food & Drink), Jim Hackett and Eren Ozmen (Manufacturing & Industry), David Axelrod (Law & Policy), Kirsten Green (Retail & Ecommerce), Thomas Tull (Sports), and Arlan Hamilton and Alexis Ohanian (Venture Capital).

Read more here.

Nth Cycle all about recycling to provide secondary source for rare earth materials

(NOTE: This is the second 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-focuses companies.)

By: Tom Ballard, Chief Alliance Officer, PYA

Megan O’Connor has adopted the mantra that all investors like to hear. She’s “all in” as it relates to Nth Cycle, the start-up company that provides a recycling technology to enable a secondary source of rare earth and specialty metals for a sustainable, secure energy future.

And, in spite of several detours along the way – one academic, another a “fork-in-the-road” career decision, and the third a difficult technology problem not solved until the proverbial 11th hour – O’Connor is very optimistic about the future several months into her fellowship as part of the second cohort of Oak Ridge National Laboratory’s (ORNL) “Innovation Crossroads” initiative.

The Plattsburgh, NY native says her interest in entrepreneurship began while an undergraduate student at Union College near Albany, NY. “I wanted to build a technology to solve a big problem,” O’Connor explained.

She went from Union College to Duke University in Durham, NC where, halfway through her doctoral work, O’Connor’s advisor left for Yale University. That individual was Desiree Plata.

“Desiree’s passion for teaching and the environment was the right fit for me personally,” O’Connor says, so she followed the inspirational advisor to New Haven, CT where she finished her academic work at Yale, but graduated with her doctorate from Duke.

Read more here.

Energy Mentor Network Company: Nth Cycle

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.

Nth Cycle is developing a recycling technology that utilizes carbon nanotube membranes for enhanced separation and recovery of solid rare earth and specialty elements (RESE)-oxides. If successful, this technology will provide a high-throughput electrochemical recovery process for recycling RESE as an alternative to the conventional energy-intensive extraction and refining processes currently used to obtain these metals for manufacturing. Megan O’Connor holds a PhD in civil and environmental engineering from Duke University and is co-founder and Chief Executive Officer of Nth Cycle.

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.

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