Created by Memphis Bioworks to help establish Memphis as a national center of excellence in entrepreneurship, Innova invests in early-stage, high-growth companies that have the potential to grow into significant economic contributors. Its focus is on companies with strong intellectual property or other competitive advantages in the biosciences, technology and bioagricultural fields. Innova’s goal is to nurture the growth of high technology and entrepreneurial efforts across the state of Tennessee that will result in significant job creation, economic growth and competitiveness.
To date, Innova has invested over $13M in 32 start-ups, attracting $39M of outside capital and supporting more than 150 direct jobs.
For more information, visit Innova’s website.