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December 22nd, 2015

December 22nd, 2015

TENNESSEE INNOVATION IN THE NEWS

Clayton’s FCA Venture Partners Leads One Medical Passport Series A Raise
Venture Nashville Connections
FCA Venture Partners is leading a $4MM Series A raise for Connecticut-based One Medical Passport, a provider of online pre-admission and perioperative workflow solutions that’s raising its first institutional money. Reached by VNC, Founder and CEO Stephen Punzak, M.D., confirmed the company’s SEC filing, which shows $750K raised, as of last week. Punzak, 54, said that prior to the Series A he had almost entirely funded the 15-year-old company’s growth himself, since its inception. The company has roughly 40 FTEs and, with the Series A infusion, aims to hit $20MM annual revenue within three to five years.

EPIcenter Launches Work, Business Space in Germantown
Memphis Daily News 
The EPIcenter entrepreneurship organization has teamed up with the city of Germantown to open a collaborative work and business space in the Carrefour at Kirby Woods, a shopping center at the intersection of Poplar Avenue and Kirby Road. The resulting 900-square-foot space at 6645 Poplar Ave., suite 200, includes amenities like furnished cubicles; a common area that could be adjusted to become an additional work space; conference room; Wi-Fi and more.

Jay Rogers: Crowd-Sourcing 3-D Printed Cars
Automotive News
Jay Rogers wants to break so many rules of the car industry, it’s hard to know where to start. So we’ll begin with him. The iconoclastic founder of 3-D printing pioneer Local Motors is a close-cropped ex-Marine infantry commander, a public policy graduate of Princeton, a Harvard MBA and a onetime McKinsey & Co. associate. He ran sales for a medical-supply business in China and is the son of a Texas real estate developer and grandson of Ralph Rogers, the man who owned Indian Motorcycle Co., opened America’s first steel minimill and led the creation of TV’s Public Broadcasting Service.

LaunchTN Takes an Enhanced Approach to Statewide Entrepreneurship
Charlie Brock for The Tennessean
A signature program of Launch Tennessee’s over the past four years has been our statewide network of entrepreneur centers, comprising nine entities spread across the state and geographically aligned with the Economic & Community Development (ECD) regions. Though each of these entities has its own governance structure and are separate 501c3’s, they have received significant funding from LaunchTN, in addition to raising their own funding from various local sources.

Tombras Group Buying Former KUB Building in Downtown Knoxville
Knoxville News Sentinel
The Tombras Group advertising and public relations firm has signed a contract to buy two downtown properties, including the former Knoxville Utilities Board Building, in a $10 million investment that will bring about 200 jobs to downtown, those involved in the deal said Monday. If all goes as planned, the firm will be moved into its new headquarters at the corner of Gay and Church streets in about a year, said Charlie Tombras, president and CEO of the company.

Nashville Business Journal
In addition to bringing jobs to the area, Google’s proposed data center will bring benefits for Clarksville’s school system. The Leaf-Chronicle reports that the $500 million deal, which the community is still waiting for official word on, could be beneficial for Clarksville-Montgomery County Schools and its emphasis on science, technology, engineering and math studies. “It gives us an opportunity to make those connections for students,” Chief Academic Officer Bryan Johnson told The Leaf-Chronicle. “What better way to make the learning relevant than saying, ‘Google is in Clarksville’? It’s a huge opportunity for us.”

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