State officials launched their latest job-creation effort aimed at nurturing Tennessee entrepreneurs and spurring private investment in fledgling companies.

Startup_TN_LogoStartup Tennessee will “put the infrastructure in place to help these entrepreneurs find the support, mentoring and capital they need to make their business a reality,” said Gov. Bill Haslam during an event staged at Nashville’s Entrepreneur Center on Lower Broadway.

Plans call for developing a website to connect entrepreneurs with training opportunities, mentors and investors; regularly convening business incubators such as the Entrepreneur Center to share best practices; and linking startups with free or low-cost resources from larger firms, primarily through an affiliation with the Startup America Partnership.

The state also plans to launch a $5 million to $10 million grant program to fund business incubators in each of nine economic zones throughout Tennessee. The money will be a combination of state and federal funding, but the sources have not yet been determined, said the Tennessee Department of Economic and Community Development.

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Source: Duane Marsteller | The Tennessean
Photo: Startup Tennessee