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January 8th, 2016

January 8th, 2016

TENNESSEE INNOVATION IN THE NEWS

European Commission Approves FedEx Takeover of TNT Express
The Commercial Appeal
FedEx has cleared the biggest regulatory hurdle for its largest acquisition ever, the $4.8 billion purchase of European parcel delivery company TNT Express. FedEx and TNT Express announced in a joint release early Friday that the European Commission had unconditionally approved the deal, as anticipated, after concluding “that the deal does not raise any competition concerns.”

@GaryVee: 4 Common Company Problems that Demand Attention
Nooga.com
For my first column here on Nooga.com, I wanted to talk about four problems you may face as a company leader in 2016 and offer my solutions to them. Over the past year, I opened a branch of my digital agency VaynerMedia right here in Chattanooga, and every single one of these were things we had to consider as it grew. Whether you’re a small business or an agency representing Fortune 500 companies, these issues are extremely common and will always need to be addressed if you hope to grow and maintain your business.

icitizen Rebrands App, Relaunches with Broader Goals
Nashville Post
The local team behind icitizen said Thursday it is rolling out an upgraded and rebranded version of its civic engagement app, which looks to link voters with each other, institutions and elected officials. The company has raised about $10 million since launching almost four years ago and last year brought on board a new CEO and several other senior executives as its backers look to capitalize on the current election cycle.

Joe Maxwell & Partners Launch Cultivation Capital Fintech Growth Fund
Venture Nashville Connections
Nashville serial FinTech entrepreneur Joe Maxwell and St. Louis-based partners are launching the Cultivation Capital Fintech Growth Fund. Managing Partner Maxwell confirmed he is allied in the fund with fellow general partners Jim McKelvey, a co-founder of NYSE-listed Square (market cap $3.6BN); and, Atul Kamra, managing partner of the SixThirty Financial Technology Accelerator in St. Louis, as well as a former senior managing director of Wells Fargo Advisors. A fourth GP is to be added.

Vanquish Worldwide Part 3: Community Service Part of Eric Barton’s Philosophy
Teknovation
Strategy, a keen sense about business opportunities, and a desire to support his community clearly drive Eric Barton as he guides the continued growth of Vanquish Worldwide LLC. “The military is a thread through many of the things we do,” the Owner, President and Chief Executive Officer of the Maryville-based company says. The knowledge gained from his service as a Marine and a contractor for government agencies has provided a strong foundation for the now eight-year old company.

Why Andy Barrow Returned to Nashville to Launch Tuti
Nashville Business Journal
Andy Barrow was living in New York City when he first came up with the idea for Tuti, a smart-charger people constantly on-the-go can use to recharge their mobile devices while grabbing a drink, a bite to eat or taking a ride in public transit. But he’s moved back to Nashville to roll out the company’s product, an unusual move given it’s a technology hardware startup. Those are two things this health care-focused town isn’t known for enthusiastically investing in.

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