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Technology 2020 program helps clients access funding

by Linda Knopp

February 2006

Talk might be cheap, but growing early-stage technology companies isn’t. That’s why Technology 2020, a public-private partnership based in Oak Ridge, Tenn., has committed time, money and hard work to its Access to Capital Initiatives program for more than 10 years. Through the program, Technology 2020 helps early-stage technology companies learn how and when to approach different sources of capital as they grow, which complements the organization’s other business assistance services, including its business incubation program.

Technology 2020 provides a number of programs to help new technology businesses succeed, including the Centers for Entrepreneurial Growth (an incubation program), the East Tennessee Technology Council (an interactive community of technology-based businesses and entrepreneurs), and Digital Crossing Networks (a world-class data center in downtown Knoxville). Each of these programs generate revenues that help support Technology 2020’s operations, which now include offices in Oak Ridge and Knoxville, Tenn., and 15 employees.

Although all of Technology 2020’s program offerings are impressive, it was Access to Capital Initiatives that caught the attention of the NBIA Incubation Awards judges, who selected the program as the winner of the 2005 Incubator Innovation Award.

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Keywords: capital access, in-house loan and equity financing program, partnerships -- organizational/corporate

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