Mountain Group Partners seeks to invest in seed and early stage companies focused on two major sectors: Life Sciences and Technology. Within the Life Sciences sector, the Fund primarily focuses on investments in the diagnostics, medical device, and nutraceuticals & expedited drug development sub-sectors. Within the Technology sector, the Fund has a concentration in healthcare technology, business services and consumer technology companies
Limestone Fund, LLC (“Limestone”) is a proud recipient of the TNInvestco program pursuant to the State of Tennessee “Tennessee Small Business Investment Company Credit Act” passed in 2009. The TNInvestco program was created to enhance the development of Tennessee’s entrepreneurial infrastructure, to bring additional capital into the state, to diversify the state’s economy and to create “anchors” or “clusters” of business innovation which can result in new companies being created or spun off and new talent being attracted to Tennessee.
Limestone Fund and our portfolio companies, in which we invest, shall strive to maximize the participation of minority-owned businesses and woman-owned businesses to reflect the racial, ethnic and gender diversity of Tennessee’s population. Additionally, TNInvestco is an equal opportunity program and does not discriminate in employment or investment on the basis of race, color, religion, sex, national origin, citizenship status, age, disability, political affiliation or belief.
Through the TNInvestco program, Mountain Group Partners has capital available to invest in businesses including, but not limited to, minority-owned businesses and woman-owned businesses pursuant to the restrictions in the Tennessee Small Business Investment Company Credit Act. Each TNInvestco, including Limestone, shall coordinate its efforts to strive to maximize participation in minority-owned businesses and woman-owned businesses with the efforts of the State of Tennessee’s Department of Economic and Community Development (ECD).
“Minority-owned business” means a business that is wholly owned, or at least fifty-one percent (51%) of the assets or outstanding stock of which is owned, by one (1) or more individuals who are members of any racial or ethnic minority within the state and whose management and daily business operations are under the control of one (1) or more members of any racial or ethnic minority within the state.
“Woman-owned business” means a business that is wholly owned, or at least fifty-one percent (51%) of the assets or outstanding stock of which is owned, by one (1) or more women and whose management and daily business operations are under the control of one (1) or more women.
Additionally, the ECD has the Business Enterprise Resource Office (BERO) that offers procurement assistance and development opportunities to small and minority- and women-owned businesses. For more information go to their website at: http://www.state.tn.us/ecd/bero/.
For more information on the TNInvestco program, go to the website at: http://www.tn.gov/ecd/section/tninvestco