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June 2nd, 2015

June 2nd, 2015

TENNESSEE INNOVATION IN THE NEWS

Alderman Holdings Has a Different Take to Equity Investments
Teknovation
Three Chattanooga-based businessmen have joined forces to form a new entity that plans to apply a long-term focus to the investments that it makes. The new enterprise, operating under the name of Alderman Holdings, resulted from several months of discussions rather than a defined initial strategy. “We’ve come at it deliberately,” Ben Brown, one of the three Partners, told us. “We literally interviewed each other to make sure we had the same values and business principles.”

Bill Frist’s Aspire Health Lands $15 Million
Nashville Business Journal
Aspire Health, the palliative care startup co-founded two years ago by former Sen. Majority Leader Bill Frist, has raised $15 million in a Series C funding round. The round, led by Connecticut-based fund Oak HC/FT, will be used to invest in additional data analytics, infrastructure and growth into new markets, Aspire CEO Brad Smith said in a news release.

Comcast Awards Aloncii with Entrepreneurial Prize
Southern/alpha
Comcast Business selected Nashville-based Aloncii, Inc. as a 2015 Innovations 4 Entrepreneurs (I4E) regional winner, awarding the company a $10,000 cash prize, according to a release. Aloncii is a fashion and design company with an online platform that produces custom shoes for consumers and manufacturers. The company is a graduate of Pre-flight, a business program at the Entrepreneur Center (EC) and a recent graduate of Jumpstart Foundry.

Memphis Forum Launches Free Patent Attorney Program in West Tennessee
The Commercial Appeal
Inventors and small businesses who have patent prospects but don’t have the resources to hire a patent attorney are getting a boost from a national program that will be unveiled for West Tennessee on Wednesday at the Memphis Bioworks Foundation. A partnership between the North Carolina Bar Association Foundation and the U.S. Patent and Trademark Office is expanding an inventor assistance program to Tennessee to provide free, or pro bono, patent attorney services to qualified applicants.

PriceWaiter Lets Shoppers Become Picky Payers
Chattanooga Times Free Press
Haggling at flea markets, car dealerships or small privately owned stores are wheeling-and-dealing scenes most shoppers have witnessed, if not been part of. The same goes for eBay, though that tends to send prices higher. But bargaining with online merchants in a bid to pay less is probably not as common for consumers. PriceWaiter’s founders started toying with the concept about four years ago and launched a company to do just that in 2012. They kept quiet about their brainchild for some time, tweaking its features and making sure they could scale.

This Globe-Trotting CEO Returned Home to Memphis to Open His First Franchise
Entrepreneur
Drayton Mayers traveled the world for almost three decades, as an executive for agricultural trade groups, promoting U.S. food and cotton — and as president and CEO for two of those concerns. He and his wife Martha even started their family abroad, in Hong Kong. But when Mayers got the yearning to seek other opportunities back home in Tennessee, a franchise consultant led him to a whole new sector: technology. In the three-and-a-half years since, Mayer has thrived as an owner of the internet technology franchise TeamLogic IT.

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