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State releases final INCITE guidelines

Staff Report • Jan 3, 2012 at 3:05 PM

The Tennessee Technology Development Corp. released final program guidelines for the INCITE Co-Investment Fund. The final program guidelines and other information pertaining to the program can be viewed on TTDC’s website at www.tntechnology.org/incite.

The INCITE Co-Investment Fund was created by the Tennessee Department of Economic and Community Development to increase access to seed-, early and expansion-stage capital for Tennessee businesses using $29.7 million in federal funds. Funding was awarded to Tennessee by the U.S. Department of the Treasury as part of the State Small Business Credit Initiative. TTDC is administering the program on behalf of ECD.

In addition to the program guidelines, TTDC has released the Approved Investor Application forms, which can also be found on TTDC’s website. The Approved Investor process is now open and interested parties are invited to submit applications to TTDC. TTDC expects to open the Qualified Investment Process in late January.

Inquiries about the INCITE Co-Investment Fund should be emailed to incite@tntechnology.org.

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