The state of Tennessee’s INCITE fund has fueled more than $4 million in private investment in ventures including health care, business services and the sports world.
In an announcement, The Tennessee Technology Development Corp., which is administering the fund for the state, announced $4.4 million in private investment following $1.9 million from the government fund. INCITE is a nearly $30 million pot of federal money the administration of Gov. Bill Haslam, a Republican, developed as part of a larger innovation and job creation plan.
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