Tennessee Technology Development Corporation

Organization Overview

Tennessee Technology Development Corporation, operating under the name Launch Tennessee, is located in Nashville, TN. The organization was established in 1999. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2023, Launch Tennessee employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Launch Tennessee is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2023, Launch Tennessee generated $13.4m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.1% each year . All expenses for the organization totaled $13.4m during the year ending 06/2023. While expenses have increased by 13.6% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Launch Tennessee has awarded 194 individual grants totaling $30,818,944. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

CREATION OF ECONOMIC ACTIVITY THROUGH DEVELOPMENT OF TECHNOLOGICAL RESEARCH AND DEVELOPMENT

Describe the Organization's Program Activity:

Part 3 - Line 4a

SBIR/STTR SUPPORT PROGRAM - THE ORGANIZATION'S SBIR MATCHING FUND PROGRAM PROVIDES GRANTS TO SELECTED TENNESSEE COMPANIES WHO HAVE RECEIVED FEDERAL SBIR/STTR AWARDS. THE GOAL OF THE SUPPORT EFFORT IS TO ASSIST TENNESSEE COMPANIES IN ACHIEVING HIGHER THAN AVERAGE SUCCESS RATES FOR PHASE I AND PHASE II WINS AND TO PROVIDE FUNDING TO EXPEDITE BRINGING RESEARCH INTO MARKET.


WE FULFILL OUR MISSION IN PART BY PROVIDING FUNDING AND CONNECTIONS TO SEVEN REGIONAL ENTREPRENEUR CENTER PARTNERS LOCATED IN MEMPHIS, JACKSON, NASHVILLE, COOKEVILLE, CHATTANOOGA, KNOXVILLE, AND THE TRI-CITIES AND SIX STATEWIDE INDUSTRY PARTNERS IN INDUSTRIES WHICH ADD VALUE TO THE TENNESSEE ECONOMY INCLUDING ADVANCED ENERGY, AG TECH, CONSUMER PACKAGED GOODS, FINANCIAL TECHNOLOGIES, LIFE SCIENCES, AND MOBILITY.


WE ARE UNIQUELY POSITIONED TO PROVIDE DIRECT INVESTMENT, WHILE ALSO SUPPORTING COLLABORATION AMONG FOUNDERS, INVESTORS, RESEARCHERS, PRIVATE SECTOR INSTITUTIONS AND GOVERNMENT. WE FOSTER ENTREPRENEURSHIP, TECHNOLOGY ADVANCEMENT AND WORKFORCE DEVELOPMENT BY PROVIDING CAPITAL ACCESS, COMMERCIALIZATION SUPPORT, AND CONNECTIONS.


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Board, Officers & Key Employees

Name (title)Compensation
Alan Bentley
Director
$0
Andre J Bahou
Director
$0
Sen Bo Watson
Director
$0
Bruce Doeg
Secretary
$0
Calvin Anderson
Director
$0
Dawn Patrick
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
American Express
$204,315
Butler Snow
Legal Services
$122,376
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $13,177,546
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$13,177,546
Total Program Service Revenue$239,541
Investment income $12,764
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events -$95,008
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $13,419,783

Grants Awarded

Over the last fiscal year, Tennessee Technology Development Corporation has awarded $10,500,253 in support to 62 organizations.

Grant RecipientAmount

3RT INNOVATIONS

PURPOSE: MATCHING GRANTS FOR SBIR/STTR FEDERAL GRANTS

$100,000

4XTECHNOLOGIES LLC

PURPOSE: MATCHING GRANTS FOR SBIR/STTR FEDERAL GRANTS

$100,000

ADDIGURU LLC

PURPOSE: MATCHING GRANTS FOR SBIR/STTR FEDERAL GRANTS, INTERNSHIP STIPEND

$280,963

AGLAUNCH INITIATIVE

PURPOSE: PROGRAM EXPENSE FOR NETWORK PARTNERS

$250,000

ARMS CYBER DEFENSE INC

PURPOSE: MATCHING GRANTS FOR SBIR/STTR FEDERAL GRANTS

$300,000

AMERICAN NANOTECHNOLOGIES INC

PURPOSE: MATCHING GRANTS FOR SBIR/STTR FEDERAL GRANTS

$100,000
View Grant Profile

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$26,987,407
Purchase Area Development District Inc
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$14,269,202
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$13,419,783
Convention & Visitors Bureau Of Greater Kansas City
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$16,167,832
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Chattanooga Area Convention And Visitors Bureau Inc
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The Center For Kentucky Rural Economic Development Inc
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St Louis Economic Development Partnership
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Southeast Ark Economic Development Dist Inc
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$8,494,217
Explore Branson Tourism
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East Central Planning & Development District Inc<410 Decatur St
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$8,249,381
Knoxville Convention & Visitors Bureau Inc
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$10,096,746
Economic Development Corporation Of Kansas City Missouri
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$6,752,938
Kentucky Highlands Investment Corporation
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$8,002,017
Center For Regional Economic Competitiveness
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$5,182,427
Mdc Inc
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Northwest Arkansas Economic Development District Inc
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