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June 25th, 2015

June 25th, 2015

TENNESSEE INNOVATION IN THE NEWS

Revolving Door: Innovators Welcomed, Nurtured, and Sent Back into the World at Chattanooga’s CO.LAB
Launch Tennessee
Chattanooga sees itself as a welcoming house for entrepreneurs to live in, and acting as its “front door” has served The Company Lab very well. “We help aspiring startups figure out what to do in terms of what their next available steps are,” says Mike Bradshaw, executive director. “We do that in a lot of ways. They come to us with big dreams and big visions, and they want to get moving, but they have found out pretty quickly that there’s a lot to figure out. Our job is to get them plugged into a peer-based learning environment so they are surrounded with other startups whose efforts are taking many different forms. They are all struggling, but here they are struggling together — and they learn from each other.”

Charlotte’s Frontier Capital Eyes Nashville Market for Investments
Venture Nashville Connections
Frontier Capital, based in Charlotte, N.C., may invest in “one or two” Tennessee companies via its recently closed Fund IV, and those targets are likely to be based in Nashville or its suburbs, according to Frontier Co-Founder and Managing Partner Richard Maclean. Maclean said his team views the Nashville market as an important source of high-growth, lower middle market software and tech-enabled business services opportunities for Frontier’s deal pipeline.

Google to Build $600 Million Data Processing Center Near Chattanooga
Chattanooga Times Free Press
Google plans to build a $600 million data processing center here, adding 75 to 100 jobs and helping to fill the void created from TVA’s pending shut down of the Widows Creek Fossil Plant. The massive data processing center in North Alabama will be one of only 14 in the world for Google. “Selecting the Widows Creek site to build our newest data center came after an extensive search,” said Gary Demasi, director of data center energy and location strategy for Google. “The idea of repurposing a former coal generating site and powering our new facility with renewable energy especially reliable, affordable energy that we can count on 24/7 with the existing infrastructure in place was attractive.”

Kitchen Incubator to Open in West Memphis
Memphis Business Journal
After several years of attempting to launch a kitchen incubator program in West Memphis, city officials can finally report success. Delta Cuisine: Commercial Kitchen Incubator and Business Incubator is a joint project between the Arkansas Delta Rural Heritage Development Initiative, the City of West Memphis, the Delta Regional Authority, the Arkansas Economic Development Commission, Sen. Keith Ingram and Mid-South Community College. The $2.2 million 10,000-square-foot community kitchen is located in the Jeremy Jacobs Hospitality Management Center at Mid-South Community College, and hosted a ribbon cutting June 2.

Nashville Software School to Graduate Eighth Cohort on Friday
Southern/alpha
Nashville Software School (NSS) is scheduled to graduate 22 new software developers this Friday. The six month program is focused for 12 weeks on Front-End Development with HTML, CSS, and JavaScript and 12 weeks on Back-End Development with Ruby, Rails, and SQL.

UT Joins Eastman Innovation Network
Teknovation
The University of Tennessee (UT) and Eastman Chemical Company announced earlier this week that the institution joins two other universities as research partners with the global corporation. There are now three universities that are part of the Eastman Innovation Network. The other two are in North Carolina – NC State and UNC.

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