Southern Middle Tennessee Entrepreneur Centers
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Transcript of Southern Middle Tennessee Entrepreneur Centers
Southern Middle Tennessee Entrepreneur Centers
NEST-TN Investments Aug. 2010 – Dec. 2011
• American Geothermal (Murfreesboro)• Anthem Healthcare Intelligence (Franklin)• Apax (Franklin)• Consensus Point (Brentwood)• J2SS (Tullahoma) relocated from SC• NuScript (Nashville)• Opti-Logic (Tullahoma)• Parental Health (Nashville)• Primocare (Nashville)• Secure Waters (Soddy Daisy)• SIGNiX (Chattanooga)• Venture Incite (Knoxville)
NEST-TN commitments: $ 7.35 million
Added 3rd party leverage: $17.57 millionTotal invested: $24.92 millionIn the Current Pipeline• Chattanooga: Advanced Manufacturing• Chattanooga: Nanotechnology• Knoxville: Energy Technology• Tullahoma: Advanced Manufacturing• Open to Moving from CA: Biotechnology• Open to Moving from PA: Nanotechnology• Open to Moving from WV: Adv. Mfg.
Incubator/Accelerator Program (IAP)
* High-quality programs and services.
* Startups enrolled in the IAP may remain for up to 48 months at graduated rental rates.
* Most entrepreneurs will be accepted into IAP.
* SMTEC, et al, will invest up to $5,000 in seed funding in select startups enrolled in IAP.
Business Incubation/Acceleration Services
Initial SetupInitial Entry Needs AssessmentBusiness Plan and Business Model ReviewSessions with Entrepreneur-In-ResidenceQuarterly AssessmentsSpecialized Training for Minority-Owned StartupsSpecialized Training for Women-Owned Startups
Business Support Services
Dedicated WorkspaceSecure Storage & FilingCollaborative Workspace AccessScheduled Conference RoomsBusiness Address & MailboxWireless InternetDocument Printing and Management
“TennesSeed Camp” (TSC)NEST-TN will invest up to $15,000.00 in seed funding to each TSC startup.
Up to ten (10) startups will be accepted into each camp.
Tullahoma & Northfield(10) X $15,000.00 (10) X $15,000.00
NEST-TN also has agreed to underwrite a follow-on investment of
$100,000.00into up to three (3) of the most promising TSC graduates
Total GM Site Land Area – 2,450 AcresTotal GM Production Area – 6.6 Mil sq ft
Total Farm Land – 800 AcresTotal Northfield Campus ~ 35 Acres