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December 9th, 2014

December 9th, 2014

TENNESSEE INNOVATION IN THE NEWS

Bellhops Moving to Warehouse Offices
Chattanooga Times Free Press
Growing Chattanooga startup company Bellhops is moving to Warehouse Row as the business strikes out into its own office space. The moving company, which now offers services in more than 120 markets in 42 states, is relocating from the Lamp Post Group incubator in the Lovemans building downtown to 8,142 square feet a few blocks away in the Row off Market Street. Bellhops connects customers who are relocating with the manpower they need to help move, logging close to 10,000 moves in this past year alone.

LAUNCH High School Competition Brings Out Innovative Business Ideas
Nooga.com
Four Tyner Academy students took home the top prize package valued at $10,000 after pitching their business idea at the annual LAUNCH High School Entrepreneurship Competition this weekend. The first-place idea came from students Terry Sales, Lorenzo Foster, Tery Thomas and Malik Yearby, who created Pure Life, which is a mop bucket that filters dirty water so that the user can continually mop with clean water.

New Crowdfunding Law Offers Hope, Not Magic
The Tennessean
The “Invest Tennessee Exemption” was signed into law in May, touted as a boost to small businesses and startups by providing more funding options. But given the tepid response in states that have already implemented the exemption, it is unlikely that the new law will have a meaningful impact in the short term. The law has potential to help Tennessee companies, and it is certainly a step in the right direction, but much of its overall success will depend on helping businesses and investors navigate the legal complexities and making them aware of its potential benefits.

SIGNiX Sees Significant Growth
Nooga.com
Digital signature solution company SIGNiX was a Chattanooga tech startup before startups were cool. The company, which has been in Chattanooga for 12 years and often flies under the radar, provides the technology for digital signatures, which are different from simple electronic signatures. Two people sign a document with SIGNiX every second, officials said.

UT Wins Second Place in International Student Supercomputing Competition
The University of Tennessee, Knoxville
UT’s role as a leader in computing advancements was affirmed again recently as a team of students captured second place at the Student Cluster Competition in New Orleans. Part of the SC14 Supercomputing Conference, the competition is a real-time, non-stop, 48-hour challenge in which teams of undergraduates, high school students or both assemble a small computer cluster on the exhibit floor and then race to demonstrate the greatest sustained performance across a series of applications while staying under a 3120-watt power limit.

XMi Targets 15% Growth as It Aims to Deepen Ties to Nashville’s Entrepreneur Scene
Nashville Business Journal
XMi Holdings is looking to capitalize on the growth of Nashville’s entrepreneur space by deepening its ties to local small businesses. The company is already firmly rooted in Nashville’s entrepreneur community. It helped launch the Nashville Entrepreneur Center and has an active role in the state’s TNInvestco program through its own venture capital fund, the XMi High Growth Development Fund.

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