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August 26th, 2016

August 26th, 2016

TENNESSEE INNOVATION IN THE NEWS

IBM Sets Up $5 Million Computer Lab at UT
Knoxville News Sentinel
The University of Tennessee has received $5 million in computer equipment, software and storage from IBM in what officials with both organizations Thursday called an investment that would help both parties. Officials held a dedication ceremony Thursday to kick off the Advanced Analytics Lab, IBM Enabled, which is a joint project of IBM, the UT College of Engineering and the Haslam College of Business.


Medical Device Startup Improves Post-Surgery Experience
High Ground News

Earlier this year, Dr. Esra Roan, CEO of Somavac Medical Solutions, took a leap of faith. Roan decided to leave behind a career in academia to apply for Memphis Bioworks’ Zero to 510 medical device accelerator and start her own company. “The day I hit ‘submit,’ my heart was pounding. I knew what it meant for me professionally. When we got the call that we were in, it was something out of this world,” Roan said.

Meet the Designers Building Nashville’s Fashion Scene
Entrepreneur
The Nashville Fashion Alliance is giving this honky-tonk town a shake of designer spice. The city has the largest per capita concentration of independent fashion companies outside New York and Los Angeles — seemingly a repeat of when, in the 1980s, music industry rebel types fled the big cities and built Nashville’s scene. “We’re very inspired by that,” says Van Tucker, CEO of the Alliance. Here are three local designers to watch.

Nashville Startup Activity Increases, Still Below Recession Levels
The Tennessean
Nashville was among the fastest-growing markets for startup activity, but the city remains below its pre-recession levels, according to a new report by the Kauffman Foundation. Nashville ranked No. 16 among metropolitan areas for startup activity, up from 23rd in 2015, based on the percentage of new entrepreneurs in a given month. Other cities with notable growth included Orlando, Kansas City, Cincinnati, Detroit and San Francisco. Nationally, startup activity has improved for two consecutive years, after hitting a 20-year low in 2014.

Telos Global, LLC to Locate Manufacturing Facility in Caryville
Tennessee ECD
Caryville — Tennessee Department of Economic and Community Development Commissioner Randy Boyd along with Telos Global, LLC officials announced today the company will locate a new facility in Caryville. The automotive supplier will invest $32 million and create 63 new jobs in Campbell County. “I want to thank Telos Global for choosing to locate its new facility in Campbell County,” Boyd said. “Tennessee has over 118,000 automotive workers in 924 locations throughout the state, and it speaks volumes to our strong automotive sector when a company like Telos Global selects Tennessee. Thank you, Telos, for creating these jobs for Caryville and welcome to Team Tennessee.”

Watch: Haslam Highlights Tennessee’s Strong Suits
Nooga.com
In addition to talking about education and how it can be improved in the state, Gov. Bill Haslam discussed highlights of the state’s economy and other topics Wednesday at the Chattanooga Area Chamber of Commerce’s annual meeting. “There are some really good things happening in Tennessee,” he said. “Chattanooga plays a big role [in that].”

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