$4.5 Million of TNInvesco Fund Given to Boston Based Company

Boston based company Shareable Ink is joining us in Nashville after receiving $4.5 million of the TNInvesco fund, led by the Tennessee Angel Fund, an initiative of the Nashville Capital Network.

This is a bit odd in the fact that TNInvesco funds were designed to increase the flow of capital to innovative new companies in Tennessee in the early stages of development. 

This is also odd because according to the TNInvesco website, to receive TNInvesco funds, 

The business must be headquartered in Tennessee; its principal business operations must be located in Tennessee, and at least 60% of its employees must be located in Tennessee.

I'm guessing this is why Shareable Ink is rushing to open a temporary office in Nashville this month and have more than 60 percent of staff in the city within 12 months.

On the brighter side, Shareable Ink says they are looking to hire local to fill some empty seats for developers, project managers, and customer support staff. I guess if Nashville entrepreneurs aren't getting the funding, at least they can be someone's secretary.