Tech 20/20 Ranks As One Of The Top 4 U.S. Incubators, Top 6 Worldwide

Thursday, June 27, 2013

The University Business Incubator (UBI) Index based in Sweden has named the top university business incubators in the world, and Tech 20/20 was one of only four in the United States that made the list.  Tech 20/20 was ranked in the top six internationally.

The group reviewed 550 university business incubators and studied 150 incubators to determine the top incubators in the world based on their value for the ecosystem, their value for clients, and their attraction rate and past performance. Incubators in the United States that made the UBI Index Top list include Rice University & Rice Alliance for Technology and Entrepreneurship, VentureLab, the University of Buffalo Technology Incubator and Tech 20/20.

“To be recognized as one of the top incubators in the world is a milestone achievement for Tech 20/20, and when you look at how many tremendous programs are out there, it’s truly an honor to make this list,” said John Morris, president and CEO of Tech 20/20.  “For nearly two decades, our team has received enormous support from the University of Tennessee and the Oak Ridge National Laboratory, as well as many regional partners.  This recognition, along with the successful graduate businesses, reinforces that our efforts are on track.”

Historically, Tech 20/20 has assisted more than 214 companies, creating more than 1980 jobs with an average salary of $64,861 and having a payroll impact of $128,424,780.  That’s a total economic impact of over $260 million. 

Tech 20/20 celebrates the accomplishments of the client companies and acknowledges those who have reached a high level of success.  By reaching the milestone of at least one million dollars in capital raised, annual revenue or company exit, Tech 20/20 distinguishes those companies by inducting them into the Million Dollar Club.  With the assistance of Tech 20/20,  more than 35 companies have been inducted into the club. 

To see the full 2013 UBI Global List, visit: http://ubiindex.com/start/.


Walker County, Ga., Receives $84,337 From ACCG Insurance Programs

Walker County has received a check for $84,337 from ACCG Insurance Programs. The funds represent Walker County’s share of a $5 million one-time special return from ACCG. ACCG is Georgia’s county association and works on behalf of county officials and their communities by providing public policy and legislative advocacy, leadership development, civic and community engagement ... (click for more)

Walbridge, Brown Brothers Settle Lawsuit Over Enterprise South Work

The contractor Walbridge, which has built portions of the Chattanooga Volkswagen plant, has settled a lawsuit brought by Brown Brothers. The complaint in Chancery Court related to work performed at a VW supplier, Plastic Omnium Auto Exteriors. The work was at a new injection molding plant at 3241 Hickory Valley Road. Under terms of the settlement, Walbridge will pay Brown ... (click for more)

Avocet Hospitality Group Acquires The Read House; Multi-Million-Dollar Renovation Planned For The Historic Chattanooga Property

Historic Read House Associates, LLC, a subsidiary of Avocet Hospitality Group (AHG), on Wednesday announced the acquisition of The Read House in downtown Chattanooga. The seller, Read House Investors, LP , has owned the property since 1994 and entered a sale agreement with AHG in May. Hodges Ward Elliott represented and advised the seller in the transaction. The 242-room ... (click for more)

Judge Says Dyer, Brennan Can Obtain Loans From Friends And Families After Affidavits Are Filed

Federal Judge Travis McDonough ruled Wednesday that two Chattanooga men who were charged by the Securities and Exchange Commission with defrauding a large number of investors can obtain loans from friends and family to pay attorneys and for living expenses. However, he said details of the loans must be spelled out in affidavits that he and the SEC must approve. The loans to Doug ... (click for more)

Colin Kaepernick Is The Epitome Of American Patriotism - And Response (2)

As the mother, mother-in-law, sister, aunt, and former wife of present active duty and veterans several times over, it isn't the patriotism of NFL player Colin Kaepernick I question, but the patriotism of those who are attacking him. Kaepernick is the epitome of all things this country is suppose to stand for and challenge. If he's attacked for taking a stand then everything this ... (click for more)

Roy Exum: My September Garden

I am told it takes a mighty oak tree somewhere between 20 and 35 years before it produces acorns, this based on the species of the oak. But as I walk through my September Garden in my monthly custom, I do indeed believe that a mature oak can rain down as many as 90,000 acorns a year. I’ve already got enough for every squirrel between here and the Mississippi River. My friends ... (click for more)