State officials launched their latest job-creation effort aimed at nurturing Tennessee entrepreneurs and spurring private investment in fledgling companies.
Startup 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.
Source: Duane Marsteller | The Tennessean
Photo: Startup Tennessee