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July 28th, 2015

July 28th, 2015

TENNESSEE INNOVATION IN THE NEWS
Capella to be Sold for $900M
Nashville Business Journal
A Birmingham-based public company has agreed to pay $900 million for Franklin-based Capella Healthcare.According to a news release, the sale to Medical Properties Trust Inc. (NYSE: MPW) should finalize in the second half of 2015. “After an extensive and year-long evaluation of different strategic opportunities, Capella Healthcare is pleased to announce that Medical Properties Trust Inc. has agreed to provide the funding that will allow Capella continue to build upon our legacy of service excellence to our existing community hospitals and to provide attractive access to capital in support of our long-term growth plans,” Michael Wiechart, president and CEO of Capella, said in the news release.

3D Ops Provides Update One Year After “GIGTANK Demo Day”
Teknovation
You have to see it,” Keith Campbell of Chattanooga-based 3D Operations, Inc. (3D Ops) told us recently. The President of the company that graduated from last year’s “GIGTANK” program was drawing an analogy between the 3D Ops product – a patient-specific, 3D-printed model to enhance a surgeon’s preparations – and the planning a runner or golfer does before an event. “Runners have to visualize a race, just as golfers have to visualize a shot,” Campbell says.

Going to Work for a Startup? Let’s Talk Equity
TechRepublic
Equity compensation is one of the defining aspects of employment at a startup company. It is attractive not only for its perceived monetary value, but for the sense of ownership it gives employees. “I think that people go to work at early-stage startups because they want to have an impact and they want to shape the direction of a company,” said Aaron Harris, a partner at Y Combinator. Equity programs such as stock options have been a part of Silicon valley and the greater startup landscape for a long time, and have been a generally successful way of rewarding employees and founders.

NEXT Awards Applications Due Friday
Nashville Entrepreneur Center
This week on the EC Podcast we talk with Corey Davis from the Nashville Chamber regarding the upcoming NEXT Awards. You can download the other weekly recaps in iTunes: The Nashville Entrepreneurship Story. If you’re on an Android device, or prefer Stitcher Radio, you can get our podcasts on the Stitcher App.

Vanderbilt University Commercialization Tallies Spin-Outs, Startups
Venture Nashville
At least16 startups in the past 24 months were launched toward their markets with Vanderbilt University intellectual property licenses aboard, via a process managed by VU’s Center for Technology Transfer and Commercialization (CCTC). During the same two-year period, it should be noted, the CCTC also counseled campus entrepreneurs who were not seeking VU IP licenses.


ZeroTo510 Team GlucosAlarm Wins First Place in Global Startup Competition
Global Innovation through Science and Technology
At the 2015 GES, GIST brought together 30 finalists from around the world to compete in the final round of the sixth annual GIST Tech-I competition. Finalists received two days of training with mentors on entrepreneurial topics such as networking and funding before preparing for their last pitch. Getting to this stage was no easy task. First, a record 792 applicants from 74 countries applied. After an expert review of the proposals, the list was narrowed down to 76 semi-finalists. Finally, the global public weighed in, casting an unprecedented over 407,000 votes to bring the competition down to 30 finalists. The passion and dedication of these 30 entrepreneurs came through clearly as they offered solutions to solve local and global problems through innovative startups.


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