Tennessee receives three federal EDA Regional Innovation Strategies grants

(Originally Published on LaunchTN.org)

LaunchTN, AgLaunch, and Epicenter to receive funds to help TN startups

Nashville, Tenn. – Launch Tennessee (LaunchTN), a Nashville-based public-private partnership that fosters entrepreneurship across the state, along with Memphis-based nonprofits AgLaunch and Epicenter, were announced today as winners of the Economic Development Administration’s (EDA) Regional Innovation Strategies competition.

AgLaunch, a multi-state organization headquartered in Memphis, and LaunchTN will receive federal funding in the amount of $750,000 and $500,000, respectively, in support of each organization’s innovation strategy programs. Epicenter will receive $289,500 in federal funding to support the operations of two early-stage capital funds. All of the grants require a local match, for which each organization has commitments.

The federal grants are made annually under the Regional Innovation Strategies (RIS) program competition, but 2019 marks the first time that Tennessee has received more than one grant in a given year, and the first time since 2016 that a Tennessee organization has received an EDA grant.

“The fact that three Tennessee organizations were awarded EDA grants is a strong testament to the ecosystem we’re building,” said Margaret Dolan, president and CEO of LaunchTN. “It puts our state on a national stage as innovative and collaborative in our approach to building a state-wide network that supports entrepreneurs at every stage of development.”

Read more here.

Energy Mentor Network Company: One Scientific

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.

TAEBC is featuring EMN company One Scientific. Headquartered in Johnson City, Tennessee, One Scientific Inc. is committed to empowering the world with a sustainable source of fuel. With specialization in advanced manufacturing research & development, its award-winning team has created two significant early stage products that when commercialized will have the ability to produce a source of sustainable hydrogen for Fuel Cell Vehicle fueling stations and stand-alone fuel cell power generation.

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.

Energy Mentor Network Company: Stone Mountain 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.

TAEBC is featuring EMN company Stone Mountain Technologies. SMTI is a leading developer of cost effective, next generation heating technologies using sorption heat pump cycles. The company’s “thermal compressor” products enable a major leap forward in the way homes, businesses and water are heated, reducing energy costs, improving comfort, and lowering CO2 emissions.

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.

Energy Mentor Network Spotlight: Jim Phillips

The Tennessee Advanced Energy Business Council is continuing its series of feature stories highlighting the mentors behind the Energy Mentor Network program offering industry specific expertise.

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.

TAEBC is highlighting this week Jim Phillips. He serves as the CEO of XMI. Jim has supported entrepreneurial companies over a 26 year career. Today, XMI provides a comprehensive platform of infrastructure and the back office serves to over 140 businesses and organizations designed to ensure each leadership team can focus on revenue development and its competitive advantages.

TAEBC is continuing to accept mentors for the Energy Mentor Program. If you are interested in this opportunity, please visit the “For Mentors” section of the Energy Mentor Network portion of TAEBC’s website.

ORNL unveils five entrepreneurs, four companies in inaugural “Innovation Crossroads” cohort

NOTE: This article was originally published on Teknovation.biz by Tom Ballard, Chief Alliance Officer of PYA.

Oak Ridge National Laboratory (ORNL) set a goal of finding up to five of the nation’s top young energy innovators and, by all accounts, it appears the recruiting team has achieved its goal with the inaugural cohort for the “Innovation Crossroads.”

ORNL leaders publicly unveiled the four start-ups at an event yesterday in Oak Ridge attended by the innovators, researchers with whom they will be working, and two top administrators from the U.S. Department of Energy (DOE).

Related: New accelerator program “Innovation Crossroads” to advanced energy technology ideas

“If you look five, 10, 15 or 20 years ahead, where is the innovation going to come from to continue our nation’s economic growth,” Mark Johnson, Director of DOE’s Advanced Manufacturing Office, asked. His answer was “programs like this.” Joining Johnson from DOE headquarters was Johanna Wolfson, Director of the Technology-to-Market Program.

In a conversation ahead of the event, Johnson described “Innovation Crossroads” and two similar programs at other DOE labs as a post-doc program. After all, the five innovators have either earned their Ph.Ds. or are in the process of completing them.

For ORNL, yesterday’s announcement was the culmination of a process that began more than six months ago with a solicitation of applications. Day-to-day responsibility for “Innovation Crossroads” is being handled by Tom Rogers, ORNL’s Director of Industrial Partnerships and Economic Development, and Beth Conerty, Program Lead for Entrepreneurial Support and Development.

As described in this September 20 article from teknovation.biz, the program is part of a DOE effort to help accelerate clean energy technologies in an era of substantially limited venture capital. The ORNL initiative is the third in DOE’s Lab-Embedded Entrepreneurship Program (LEEP). The pilot, named “Cyclotron Road,” was tested at Lawrence Berkeley National Laboratory, and a second program, named “Chain Reaction Innovations,” started last year at Argonne National Laboratory.

Read the full article here.