Startup and early-stage businesses owned by
minorities and women could get a boost in obtaining financing from the
state-funded TNInvestco
venture capital program.
A bill to expand TNInvestco gained House approval on Friday, but only after a provision was added for training programs to help minority- and women-owned businesses qualify for capital from TNInvestco firms.
The expansion means four additional venture capital firms would join the year-old program, including the Tennessee Angel Fund and Solidus-TNInvestco, both of Nashville. The other two are Memphis Biomed Ventures Tennessee and NEST-TN of Tullahoma, Tenn.
To read the full, original article click on this link: Tennessee House expands TNInvestco after minority training added | tennessean.com | The Tennessean
Author: Bonna Johnson
