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December 15th, 2014

December 15th, 2014


TENNESSEE INNOVATION IN THE NEWS

Baker’s Dozen Present at EC’s Pre-Flight Demo Day
Nashville Post
We throw the word ‘entrepreneur’ around every day, but many self-described entrepreneurs don’t have the time or the money to leave their full-time jobs. They can’t commit to their own big idea yet. One potential solution out of the Entrepreneur Center is Pre-Flight, which helps fledgling business owners develop an idea before committing to outside investment or an accelerator.

Chattanooga- The Next Silicon Valley?
Chattanooga Times Free Press
Chattanooga is among eight cities identified in a new study as places “that should be the next destinations for burgeoning techies.” The Huffington Post’s Urban Progress compiled the list from U.S. metropolitan cities based upon their entrepreneurship and support for technology startups. Chattanooga is by far the smallest of the metro areas on the list of cities that could be the next Silicon Valley.

Genera Energy Secures $4M in Investment
Knoxville News Sentinel
Genera Energy, a Vonore, Tenn.-based biomass supply company, has secured a $4 million investment from a Boston firm to broaden its operations. The multi-million-dollar growth investment made by WindSail Capital Group will be used “to expand our customer base and deliver the supply of upstream biomass they rely on,” Genera CEO and President Kelly Tiller said.

How Memphis is Lowering Crime and Reviving Neighborhoods
CNN Money
As mayor of the city of Memphis, it is my responsibility — and our collective responsibility at City Hall — to look after every one of our citizens, to protect our youth and to revitalize the important communities that make up the fabric of Memphis. Yet in the face of shrinking budgets and dwindling resources, we cannot rely on the old method of government to accomplish these goals. We must seek out new ways to build a safer, stronger and more vibrant city. Innovation makes this possible.

How the Nashville Technology Council Plans to Use a State Grant to Boost Region’s IT Workforce
Nashville Business Journal
The Nashville Technology Council has landed an $850,000 grant from the governor’s office, money that council CEO Bryan Huddleston says will be used to foster collaboration between businesses and local colleges and to develop a home-grown pipeline of technical talent in Middle Tennessee. The grant is part of the Labor Education Alignment Program, the third component of Gov. Bill Haslam’s Drive to 55 initiative.

New Fund Provides Guide to Angel Investing
The Tennessean
There is no question that in Nashville demand exceeds supply when it comes to early stage funding for new companies. That need grows as more quality startups flow out of the city’s business accelerators each year and as more developed companies seek additional rounds. But in a city that has borne numerous health care giants as well as music industry legends, the problem is not that local wealth does not exist to support startup funding.

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