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December 3rd, 2014

December 3rd, 2014

TENNESSEE INNOVATION IN THE NEWS

FedEx Institute of Technology Selects First Class of Entrepreneurship Fellows
University of Memphis
The FedEx Institute of Technology (FIT) at the University of Memphis has selected its first class of FIT Entrepreneurship Fellows. The Fellows will receive a stipend to work at the FIT’s Crews Center for Entrepreneurship to develop their high growth-potential startup. They will be eligible to maintain the Fellowship until they earn their bachelor’s degree.

Fiber Fight: Broadening Broadband Gig City Touted as Model in Broadband Debate
Chattanooga Times Free Press
In a growing number of cities, high-speed Internet is seen as another essential utility, like water, sewers, roads or electricity. If cable and phone companies don’t provide faster web service, more municipalities say they want to do it themselves as municipal electric utilities have done in Chattanooga, Tullahoma, Tenn., and Dalton, Ga.

iQuantifi Raises $1 Million
Nashville Business Journal
iQuantifi, a Nashville startup that offers a financial advice-dispensing app, has raised $1 million in angel funding, according to a news release. “We are very excited to have raised this angel round and we see the investor interest as validation of our cloud-based, robo-planning software platform,” Tom White, iQuantifi’s CEO and founder, said in the release. “We intend to use the capital to continue to enhance the platform while expanding our partnerships with financial institutions.”

Mt. Juliet, La Vergne to Get Gigabit Internet
The Tennessean
More Mt. Juliet and La Vergne residents have access to the nation’s highest Internet speeds being provided by TDS Telecom, which services both cities. TDS is calling its service 1Gig Internet, which the company says is about 100 times faster than the national average of approximately 10 megabits per second.

Startup eRounds: ‘If Linkedin and Pinterest had a Baby and that Baby Went to Medical School’
MedCity News
A Nashville, Tenn.-based startup wants to redefine social media in healthcare with the roll out of a “social clinical” platform aimed at physicians who want to collaborate with each other using mobile devices. The company, eRounds, was formed earlier this year and recently launched the BETA release of its image sharing tool for iPhones and iPads.

‘VOLstarter’ Provides New Options for School Funding
University of Tennessee Daily Beacon
Giving back to the university just got a little more personalized. VOLstarter is a newly-established crowd-funding site that allows students and departments to promote projects in need of funding while also providing UT donors the option to choose exactly where their money goes. Organized by the Office of Alumni Affairs, the website is currently supporting 23 projects, ranging from traveling opportunities for aspiring student artists to helping improve adult literacy rates across Tennessee.

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