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March 12th, 2015

March 12th, 2015

TENNESSEE INNOVATION IN THE NEWS

EC Staffers, Project Music Startups Rep Nashville on the French Riviera
Nashville Business Journal
Select staffers and startups from the Entrepreneur Center and Project Music will be making the trek across the Atlantic to the French Riviera this June for Midem 2015, a massive, international music tech conference held annually in Cannes. The conference is expected to draw over 6,000 participants representing over 1,200 companies from 75 countries. “It’s our goal to get Project Music on a global scale and for us to do so, we need to think outside the box,” said Robbie Goldsmith, an EC staffer and director in Project Music. “We’ll be attending other [conferences] as well, but this one gives us, hopefully, global recognition of what Nashville is doing.”

Faith-Based Business Competition Slated for This Month
Nooga.com
Eight participants in an upcoming nationwide faith-based business pitch competition are soon coming to Chattanooga to present their ideas. Covenant College is the Southern regional host. The event will be open to the public and will take place at EPB. The competition, which is called Elevate, is organized by Silicon Valley-based Telos Ventures. The winner of the regional competition gets $20,000 in startup capital and a chance to compete in Silicon Valley for an additional $50,000.

Nine Firms Named for NC Ag Biotech Entrepreneurial Showcase (incl. TN Startup)
WRAL Tech Wire
The North Carolina Biotechnology Center’s AgBiotech Initiative is expanding the 2015 Ag Biotech Entrepreneurial Showcase May 19 to include presentations from nine firms, including crop biotech and animal health companies from across the greater Eastern United States. The showcase companies include two that put tobacco research to positive uses and one that increases indoor food production by using LED lights that “communicate” with plants.

Restore Medical Solutions Launches New Product, Restore iQ
Memphis Business Journal
Memphis-based Restore Medical Solutions Inc. is launching its latest sterilization product. The company announced the release of Restore iQ during the Association of Operating Room Nurses Surgical Conference & Expo 2015 in Denver. Restore iQ is designed to be used in conjunction with the hospital’s current surgical baskets, allowing users to re-assemble and organize ring-handled instruments for more effective point of use cleaning, decontamination and increased productivity.

X Factor: NextGxDx Eyes Fresh Capital Raise, Dismisses Exit Notion
Venture Nashville Connections
NEXTGXDX, the HealthIT company based in Franklin, is likely to pursue additional debt or equity capital in 2H 2015, said Founder and CEO Mark Harris, Ph.D. Hospitals pay to license the NextGxDx platform to manage their genetic test-ordering workflow, while partnering laboratories pay when the NextGxDx platform is used to order one of the labs’ genetic tests.

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