State officials plan to invest nearly $30 million to nurture young Tennessee businesses, but not all entrepreneurs need apply.
Startups in certain areas, such as real estate development, construction and most retail shops, would be excluded from the state’s new co-investment fund under draft guidelines issued earlier this week.
Officials say the proposed exclusions and other limitations for the INCITE (innovation, commercialization, investment, technology and entrepreneurship) fund largely stem from the federal government, the source of the $29.7 million.
To read the full, original article click on this link: Tennessee gets $30 million to help foster qualified startups | The Tennessean | tennessean.com
