Knoxville’s annual entrepreneurship festival goes virtual, honors startups and inventors fighting COVID-19

Innov865 Week brings together local leaders, investors, entrepreneurs, and the public to celebrate Knoxville’s startup community

KNOXVILLE, Tenn., June 24, 2020 –  The Innov865 Alliance announced today Innov865 Week 2020 will be virtual this year, and it will make a special effort to honor startups and inventors making an impact on the fight against COVID-19. Innov865 Week 2020 is Monday, September 28 – Friday, October 2.

During a webinar with Mayor Kincannon, Tom Rogers, president and CEO of the UT Research Park at Cherokee Farm and founding member of the Innov865 Alliance shared why the Innov865 Alliance made the decision to continue Innov865 Week, virtually.

“Entrepreneurship is essential to the success of our community and now, more than ever is the time to rally around our entrepreneurs,” said Rogers. “Innov865 Week will continue to spotlight Knoxville as a great place to start and grow businesses and connect entrepreneurs planting roots here with support systems to succeed.”

Innov865 Week boasts a range of events for everyone in the community to support local economic development, from investors and regional entrepreneurs to community leaders and students.

The week’s premier event is Startup Day, Tuesday, September 29. Startup Day will be presented virtually using Knoxville based technology platform, Lunchpool. Startup Day is an annual “Shark-Tank”-style pitch competition for a chance to win up to $10,000 in cash prizes. Six of Knoxville’s most investable startups will pitch their businesses in front of a panel of expert judges. In addition to the opportunity to spotlight their startup for investors, entrepreneurs will compete for a “crowd favorite” cash prize presented by BB&T and SunTrust Bank, now Truist.

Added to the Startup Day program this year is a special award and recognition of startups and inventors that have made a positive impact on the fight against COVID-19, presented by Verizon.

To learn more about Innov865 Week visit https://innov865week.com/. The event calendar will be updated as events are added.

ABOUT INNOV865 WEEK AND THE INNOV865 ALLIANCE

Innov865 Week is a weeklong celebration of Knoxville’s entrepreneurial spirit that brings together startups, entrepreneurs, makers, investors, business leaders, students, and community leaders from across East Tennessee for a week of educational panels, pitch competitions, investor roundtables, and social events. It is presented by the Innov865 Alliance, a coalition that develops, supports, and promotes the region’s entrepreneurial ecosystem. Founding members of the Innov865 Alliance include the University of Tennessee Research Foundation, Oak Ridge National Laboratory, PYA, UT’s Anderson Center for Entrepreneurship and Innovation, Three Roots Capital, Tennessee Valley Authority, Launch Tennessee, Knoxville Entrepreneur Center, UT Research Park at Cherokee Farm, and Bunker Labs Knoxville. To learn more, visit www.innov865.com/.

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So You Have a PPP Loan. Now What? – A New PYA COVID-19 Webinar

The CARES Act provides relief to small businesses through Paycheck Protection Program (PPP) loans, but receiving the loan is only the first part of the equation. PYA takes a look at what businesses need to know and do next.

Failure to fully understand the requirements for PPP loan forgiveness could cost employers money, at a time when every penny counts. Employers need to stay up-to-date on recent activities regarding the PPP loan forgiveness application, necessary documentation, and other best practices to ensure they are well-prepared for the next steps under the PPP.

As part of PYA’s ongoing commitment to sharing helpful guidance, Tax Principals Debbie Ernsberger and Mark Brumbelow will outline PPP loan forgiveness requirements and answer questions during a one-hour complimentary webinar on Wednesday, June 3, at 11 a.m. EDT.

Register here.

New COVID-19 Webinar: “Got a payroll? Don’t leave money on the table”

Under the CARES Act, every employer with a payroll has an opportunity to retain cash–whether they have a PPP loan or not. What employers need to know right now.

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) along with the Payroll Protection Program (PPP) offer all business owners relief, but the details can be confusing or overlooked.

Perhaps you don’t fully understand how the deferral of the employer’s share of Social Security taxes works. Maybe you wonder if the deferral even applies to you—good news, it does if you have a payroll!

Failure to fully understand your options could cost you money, at a time when “cash is king.”

As part of PYA’s ongoing commitment to sharing helpful guidance, Tax Principals Debbie Ernsberger and Mark Brumbelow will outline issues and opportunities within the CARES Act, and will answer questions during a one-hour complimentary webinar on Wednesday, May 20, at 11 a.m. EDT.

Register here!

If you would like additional information about the CARES Act, PPP, tax deferral, or additional COVID-19 guidance, visit PYA’s COVID-19 hub, or contact a PYA executive below at (800) 270-9629.