Launch Tennessee

Launch Tennessee is a dynamic public-private partnership dedicated to cultivating a thriving entrepreneurial ecosystem across the state of Tennessee. Unlike a traditional venture capital firm that primarily makes direct equity investments, Launch Tennessee focuses on providing strategic capital, resources, and connections to foster innovation and economic growth. Its overarching vision is to position Tennessee as the most startup-friendly state in the nation, achieved through a multi-faceted approach that includes direct funding programs, ecosystem development, and advocacy.

One of Launch Tennessee's key initiatives for direct capital deployment is its SBIR/STTR Matching Fund. This program provides non-dilutive capital to Tennessee-based companies that have successfully secured federal Small Business Innovation Research (SBIR) or Small Business Technology Transfer (STTR) grants. The fund is designed to bridge funding gaps and accelerate the commercialization of cutting-edge technologies, offering up to $300,000 per company in matching funds. This mechanism helps promising startups leverage federal research dollars to scale their operations and bring innovative products to market.

Beyond direct matching funds, Launch Tennessee plays a crucial role in connecting entrepreneurs with a broader network of investors, mentors, and support organizations. Since its inception, the organization has supported over 1,000 companies, helping them collectively raise more than $1.2 billion in capital. It also provides grants and resources to entrepreneurial support organizations (ESOs) across the state, strengthening the foundational infrastructure for startup success. This comprehensive strategy ensures that Tennessee's entrepreneurs have access to the necessary tools and capital to grow and create jobs.

Ultimately, Launch Tennessee's mission extends beyond individual investments to building a robust and interconnected statewide network that supports innovation from ideation to commercialization. By fostering collaboration between startups, investors, universities, and government entities, it aims to drive sustainable economic development and position Tennessee as a leader in technological advancement and entrepreneurial spirit.