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Southern Middle Tennessee Entrepreneur Centers

Southern Middle Tennessee Entrepreneur Centers

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Southern Middle Tennessee Entrepreneur Centers. NEST-TN Investments Aug. 2010 – Dec. 2011. NEST-TN commitments: $ 7.35 million Added 3 rd party leverage: $17.57 million Total invested: $ 2 4.92 million In the Current Pipeline - PowerPoint PPT Presentation

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Page 1: Southern Middle Tennessee Entrepreneur Centers

Southern Middle Tennessee Entrepreneur Centers

Page 2: 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.

Page 3: Southern Middle Tennessee Entrepreneur Centers

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

Page 4: Southern Middle Tennessee Entrepreneur Centers

“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

Page 5: Southern Middle Tennessee Entrepreneur Centers

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

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