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State, Federal partnership spawns 24 grants for Tennessee tech companies
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Updated 5 March 2019: Gov. Bill Lee on March 4, 2019, briefed reporters on his proposed FY20 budget, calling, among other things, for increased SBIR/STTR match funding for LaunchTN. This story will be updated with details, as warranted. Separately, the Governor delivered his State of the State Address. -Ed.

Launch Tennessee, officially Tennessee Technology Development Corporation (TTDC), recently released identities of a dozen recipients of grants in the State-funded annual SBIR/STTR Matching Grants program.

With the assistance of LaunchTN staff, Venture Nashville this week compiled the directory below of 24 firms that have won matching grants since additional funding was secured for the program, largely as a result of efforts of Launch Tennessee and its Bio counterpart, Life Science Tennessee.

Eleven of the 24 companies that won matches in 2017 and 2018 are in the healthcare or biomedical spaces. The balance range from education technology to energy storage and materials development, and beyond. The State's matches totaled right at $3MM, with awardees garnering a total of nearly $15MM in Federal challenge grants. (That aggregate of nearly $18MM, by the way, is greater than the investable capital that was provided by 2009 legislation for each of the state's 10 TNInvestco firms, under that now largely exhausted program.)

A week ago, Sarah Pruneski, a spokesperson for Life Science Tennessee, told VNC that in addition to monitoring General Assembly bills for life-science industry impact, LifeSciTN will focus on the inherent "value of our industry in developing life-saving drugs and therapies and support for innovation, including continued support for the SBIR/STTR matching program."

LaunchTN CEO Margaret Dolan said in a related press release, "As Tennesseans, we should be proud that so many promising businesses were awarded SBIR/STTR grants through a highly competitive process. We are pleased to offer this grant-matching program in Tennessee, which increases the amount of funding entrepreneurs are awarded, and positions them for greater success as they commercialize their products."

LaunchTN, a public-private partnership, is primarily sponsored via the Tennessee Department of Economic and Community Development, the Commissioner of which, Bob Rolfe, chairs the LaunchTN board of directors.

For more on the Federal SBIR/STTR program click here. For more details on the State of Tennessee's SBIR/STTR program, click here.

LTN$$ Rank Company Cycle Year LTN$$ FED$$ Sector Location Contact
01 BenchFly 2017 $150,000 $737,366 EdTech Nashville Alan Marnett
-- Coulometrics 2018 $150,000 $1,000,000 Energy Storage Chattanooga Edward Buiel
-- 490 BioTech 2017 $150,000 $993,957 Bio cell lines Knoxville Dan Close
-- Frontier Diagnostics 2018 $150,000 $2,300,000 mass-spectrometry Nashville Jeremy Norris
-- Gloyer-Taylor Laboratories 2018 $150,000 $749,985 aero-engineering Tullahoma Paul Gloyer
-- Immuno Technologies 2018 $150,000 $600,000 assays, agents, vaccines Memphis Maria Gomes-Solecki
-- iQuity 2017 $150,000 $999,903 autoimmune diag. testing Nashville Chase Spurlock
-- Robotic Technologies of Tennessee 2018 $150,000 $599,892 industrial climbing techy. Cookeville Steve Glovsky
-- Stony Creek Colors 2017 $150,000 $600,000 fashion bio-dyes Nashville Sarah Bellos
-- Third Dimension Technologies 2017 $150,000 $749,881 3D data streaming, training Knoxville Paul Jones
-- Virtuoso Surgical 2017 $150,000 $1,459,524 endoscopy system Nashville Robert Webster
12 HealthChart URL N/A 2018 $149,699 $299,397 cancer diagnostics Memphis Steve Morris
13 PATH EX 2017 $135,000 $225,000 medical device Nashville Sinead Miller
14 Peroxygen Systems 2017 $135,000 $225,000 H2O2 production techy. Knoxville Ming Qi
15 PurSolutions 2018 $135,000 $225,000 cytoskeletal innovation Nashville Emma Sturgill
16 Secure Food Solutions, Inc. 2017 $127,988 $225,000 food safety diagnostics Memphis-Martin Chris Ramezanpour
17 Grow Bioplastics dba Mobius 2018 $112,500 $225,000 renewable lignin plastics Lenoir City Tony Bova
18 VenoStent 2018 $112,241 $224,482 external dialysis stent Nashville Tim Boire
19 Accurate Automation Corporation 2017 $101,006 $686,004 UAVs and related techy Chattanooga Robert Tap
20 eSpin Technologies, Inc. 2017 $101,006 $1,411,792 nanofiber manufacturing Chattanooga Jayesh Doshi
21 E&G Associates 2018 $74,797 $149,594 powder handling, engineering Chattanooga Bryan Ennis
22 LiveSchool 2018 $74,652 $149,304 student behavior analytics Nashville Matt Rubinstein
23 PreTel Inc 2018 $74,616 $149,231 fetal monitoring system Chattanooga Marc Finch
24 VoluMetrix LLC 2018 $16,496 $176,229 vascular monitoring devices Nashville Kyle Hocking

. last edited 0927 5 March 2019

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Tags: 490 Biotech, Accurate Automation Corporation, Alan Marnett, Benchfly, Bob Rolfe, Bryan Ennis, Chase Spurlock, Chris Ramezanpour, Coulometrics, Dan Close, E&G Associates, economic development, Edward Buiel, Emma Sturgill, eSpin Technologies, Frontier Diagnostics, Gloyer Taylor Laboratories, government, grantsmanship, Grow BioPlastics, HealthChart, Immuno Technologies, iQuity, Jayesh Doshi, Jeremy Norris, Kyle Hocking, Launch Tennessee, LaunchTN, Life Science Tennessee, LiveSchool, Marc Finch, Margaret Dolan, Maria Gomes Solecki, Matt Rubinstein, Ming Qi, Mobius, PATH EX, Paul Gloyer, Paul Jones, Peroxygen Systems, PreTel, PurSolutions, Robert Tap, Robert Webster, Robotics Technologies of Tennessee, Sarah Bellos, Sarah Pruneski, SBIR, Secure Food Solutions, Sinead Miller, Steve Glovsky, Steve Morris, Stony Creek Colors, STTR, Third Dimension Technologies, Tim Boire, TNInvestco, Tony Bova, Venostent, Virtuoso Surgical, Volumetrix

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