Oak Ridge, Tenn. – Venture Incite, Inc., the TNInvestco-backed venture capital operating company with offices in Nashville and Oak Ridge, has announced that Tom Berg, MBA has joined the Venture Incite, Inc. Board of Directors as Independent Director.
Mr. Berg, the Director of Partnerships and Technology Commercialization for B&W Y-12 National Security Complex, will provide strategic guidance and corporate governance to Venture Incite as a non-compensated board member. A graduate of Massachusetts Institute of Technology’s Sloan School of Management Executive Education program, Director Berg earned Bachelor of Science and Master of Business Administration degrees from the University of Wisconsin at Madison. He is presently an engineering Doctoral candidate, studying advanced modeling and simulation at the University of Tennessee—Knoxville.
According to Venture Incite President and Chief Executive Scott Ewing: “Venture Incite has been building a unique private-public partnership model for accelerating technology transfer and commercialization from government and university labs to viable start-up companies. Tom Berg has been engaged with our company from the start in representing a keen interest by Department of Energy (DOE) to move technology out of the lab to benefit America’s industrial resurgence. Tom has been a strong and consistent voice for the public interest in seeing government technology transitioned into real products. He and the Y-12 Complex have been most pragmatic in adopting win-win strategies for licensing technology to small businesses under entrepreneur-friendly terms. After DOE leadership authorized a sensible plan to preclude conflicts of interest, Tom was a unanimous choice to fill Venture Incite’s important Independent Director seat.”
Mr. Berg joins Venture Incite directors Vic Gatto of Solidus Partners, Cameron Newton of NEST-TN, Shawn Carson of Tech 20/20, and CEO Scott Ewing in steering Venture Incite as the company enters its third year of operations. “We felt that having a fifth, unaffiliated member that could speak authoritatively for the interests of our not-for-profit stakeholders was necessary to our keeping the right balance in our Board,” noted Chairman Vic Gatto. “We included the requirement in the terms for Venture Incite’s Series A financing last May. It is because we have been cautious in respecting the Department of Energy’s requirements, while preparing Tom to have all necessary transparency into the company’s proprietary business, that it has taken several months to make the appointment. We are very pleased now to add Tom’s guidance to our Board.”
ABOUT VENTURE INCITE, INC.
Venture Incite is a venture capital operating company creating start-ups from government, academic, and private laboratory research. Venture Incite leverages venture capital financing with government tech maturation funding, mitigating development risk. The firm’s unique technology transfer and commercialization model aligns the objectives of capital sponsors, research institutions and researchers, technology transfer offices, entrepreneurs, and third-party stakeholders to a primary goal of launching innovative, profitable companies that create valuable American jobs.