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April 7th, 2015

April 7th, 2015

TENNESSEE INNOVATION IN THE NEWS

Top Ten Startups Selected to Pitch in Columbia, SC for 36|86’s Southern Series
Launch Tennessee/ 36|86
Launch Tennessee (LaunchTN) announces today the selection of ten startups pitching at the 36|86 Southern Series Columbia event on April 15th. Each Southern Series event provides an opportunity to celebrate the brightest regional startups and to identify the very best entrepreneurs located throughout the Southeast. Ten startups are selected to pitch at each stop on The Southern Series. Winners advance to LaunchTN’s inaugural 36|86 conference June 8-10 in Nashville for the opportunity to win cash prizes, including $36,000 to the winner while networking with fellow entrepreneurs, investors and media from across the country. All Southern Series winners selected to attend 36|86 will receive a travel and lodging stipend. The ten companies will pitch in Columbia on April 15th as part of ConvergeSE for the chance to be one of the featured startups at 36|86.

The Jump Fund Portfolio Company eDivv Creates Beauty Product Trading Platform (theTENN team)
Southern/alpha
After she got some experience working with a startup, Northeastern University graduate Casey Casterline said she caught the “entrepreneurship bug.” She knew she wanted to create something of her own and she’d always been interested in the cosmetics industry. So, she found a problem in the industry and sought to create a solution. “I was an early adopter to Birchbox, which is a monthly beauty subscription box service, and although I loved getting my monthly surprise in the mail each month, after a while, I found a pile of products were accumulating of things I was never going to use,” she said via email.

Jumpstart Lines Up Funding for Summer Cohort
Nashville Post
A group of venture capital firms, individuals and family offices has committed to investing $1.2 million in this summer’s Jumpstart Foundry incubator, the first to focus exclusively on health care startups. Founder and CEO Vic Gatto said the funding will go both directly to the eight companies that will take part in the 14-week program — each team of entrepreneurs will receive $100,000 for 7.5 percent of their company’s equity — as well as help underwrite Jumpstart’s operations and support services at the Entrepreneur Center.

McWhorter Sets Entrepreneur Center Diligence, Mulls Accelerators, Capital Links, Other Ideas
Venture Nashville Connections
Stuart McWhorter, soon to become CEO of the Nashville Entrepreneur Center, is poised to conduct a 30-day survey of how best to build on the foundation established by Founding CEO Michael Burcham and the EC’s backers. McWhorter told Venture Nashville today that, while the EC was established for Nashville and surrounding region, its roles in collaboration with LaunchTN and other organizations statewide remain vitally important, and the EC is sure to continue serving as a resource for other groups locally, statewide, nationally and internationally.

Revised autoXLR8R Accepting Applications for 2015 Cohort
Teknovation
To paraphrase the NASCAR announcer, “Ladies and gentlemen, start your engines.” In this case, the announcement refers to those interested in participating in the next cohort of the autoXLR8R, an initiative focused on start-ups seeking to commercialize technology in the automotive industry. The “starting line” is now active with applications being accepted until May 1 for the third edition of the program. All of the details can be found on the program website.

Tech Group Launches Local Internet Exchange NashIX
The Tennessean
You craft an email to a co-worker on the other side of the cubicle. The email travels all the way to Atlanta, Chicago or another Internet hub before arriving in your colleague’s inbox. A group of Nashville tech leaders determined a more efficient system was needed. DevDigital, 365 Data Centers and Peace Communications, all tech companies with a local presence, have created NashIX, a local Internet exchange that they say will make local connection faster, less expensive and ensure an open and equal Internet.

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