Incite Co-Investment Fund

INCITE Co-Investment Fund Boosts Capital

The INCITE Co-Investment Fund is a key component of Gov. Bill Haslam’s INCITE initiative to drive growth and create knowledge-based jobs in Tennessee by encouraging investment in the state’s developing small businesses. Administered by Launch Tennessee, the Fund matches a portion of investments in Tennessee-based companies.

The INCITE Co-Investment Fund was created in 2011, using $29.7 million of federal funding awarded under the State Small Business Credit Initiative. In its first two years of operation, the Fund augmented investments in 30 companies, leveraging $50 million in outside capital into $75 million. These INCITE portfolio companies range in size from one-person operations to businesses with up to 40 employees. All businesses meet criteria set by Launch Tennessee, as spelled out in the Program Guidelines.

$10 million in matching funds available in 2014

With about $10 million to distribute in 2014, Launch Tennessee has adjusted the matching funds structure to assist as many fledgling companies in the state as possible:

  • Tier I: Seed Stage Investment [25 percent match]
  • Tier II: Early/Growth Stage Investments [20 percent match]
  • Tier III: Expansion Stage Investment [15 percent match, capped at $3 million]

All investors and companies must meet criteria set by Launch Tennessee.

More information about the INCITE Co-Investment Fund:

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Welcome to LaunchTN

Welcome to the new Launch Tennessee website! We hope you enjoy learning about all the incredible things happening around entrepreneurship in this state. Our team at Launch Tennessee is committed to making TN the best place in the southeast for entrepreneurs to start and grow a business.

Bonnaroo To Host “Hackeroo” A Hack-a-Thon Leading Up To Bonnaroo

NASHVILLE, Tenn., April 14, 2014 – Bonnaroo is proud to announce Hackeroo, a hackathon where participants will build apps, services and technology that serve live events like Bonnaroo. The hackathon hopes to attract developers across the country who are passionate about music and technology to Nashville. More information and registration … read more