The INCITE Co-Investment Fund is a venture capital program designed to stimulate the growth and development of innovative small businesses in Tennessee and increase the number of better-paying, high-quality jobs in our state. Backed entirely by a $29.7 million award through the U.S. Department of Treasury’s State Small Business Credit Initiative, the program is expected to spur additional private-sector investment of up to $300 million to accelerate the expansion of Tennessee’s economy.
The Fund is a key component of Governor Bill Haslam’s $50 million INCITE (innovation, commercialization, investment, technology and entrepreneurship) initiative to raise Tennessee’s profile in innovation-based economic development and drive growth in the creation of knowledge-based jobs. In addition to fostering job creation, the goals of the Fund are to increase access to capital for small businesses at various stages of development; accelerate technology commercialization from the state’s research institutions into Tennessee companies; and minimize administrative costs of managing the program in order to maximize funding to Tennessee companies.
The Fund, designed by the Tennessee Department of Economic and Community Development (ECD), is administered by LaunchTN. If you have any questions or concerns, please submit them electronically to firstname.lastname@example.org. View press releases announcing investments of venture capital for local businesses here.
Latest Program Revisions (Last Updated 12/19/12)
List of Approved Investors
Approved Investor Application
Approved Investor Application (online application here)
Approved Investor Application: Disclosure & Authorization Form
Approved Investor Application: Sex Offender Certification
Qualified Investment Application
Qualified Investment Application (online application here)
Qualified Investment Application: Disclosure & Authorization Form
Qualified Investment Application: Sex Offender Certification
Qualified Investment Application: Qualified Business Legal Certification
Qualified Investment Application: Investor Use of Proceeds Certification
Qualified Investment Application: Qualified Business Use of Proceeds Certification
Form Securities Purchase Agreement
Form of Annual Report and Certification