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March 20th, 2015

March 20th, 2015

TENNESSEE INNOVATION IN THE NEWS

3rd Dimension Technologies Expects 2015 to be a Breakthrough Year
Teknovation
You never take anything for granted, but the team at Knoxville-based 3rd Dimension Technologies sees 2015 as a have the potential to be a significant breakthrough year. The nearly 12-year old, technology-based enterprise is headquartered in the Fairview Technology Center where the team is focused on successfully completing work on one Phase II Small Business Innovation Research (SBIR) grant and putting the finishing touches on a second one due in early April.

Covenant College Influences Chattanooga Entrepreneurial Scene
Venture Tennessee Connections
Covenant College is likely within the next 30 days to burnish further its reputation for producing entrepreneurs for the Chattanooga area, and beyond. In downtown Chattanooga this Saturday, March 21, Covenant will sponsor a round of the faith-based Elevate business-plan competition, which is backed by Christian-oriented Telos Venture Capital of Redwood City, Calif. The winner will compete in the Telos finale in California, next month.

Launch Tennessee Plans Return to Roots to Make 36|86 Stand Out
Nashville Business Journal
First and foremost, LaunchTN CEO Charlie Brock said, the newly created Southern Series provides a “really unique” element. Next month, entrepreneurs in Georgia, South Carolina and Virginia participate in pitch contests to determine who’ll head to 36|86. Some venture groups run similar contests, Brock said, but that sort of lead-up to a conference is different and “really shows our commitment to making 36|86 the place where investors … from across the country … can really find the best of the best.”

Music Startups Limber-Up Ahead of Project Music’s April 23rd Pitch Day
Venture Nashville Connections
Project Music at the Nashville Entrepreneur Center is pushing eight music-sector startups through the equivalent of Navy SEAL training, only with a lot more noise, cameraderie and set crushes. The program is a result of an EC accelerator sponsorship by the Country Music Association (CMA), with backup by previously announced investors. The program is shepherded by Entrepreneur in Residence Joe Galante, with operations led by the EC’s Robbie Goldsmith, along with Heather McBee and other team members and mentors.

Pathway Lending Helps Las Paletas, Others Succeed
The Tennessean
In 2001 Norma and Irma Paz opened Las Paletas in the 12South neighborhood and began selling Mexican Popsicles made with fresh fruit — a simple, yet novel product for Nashville residents. Their business become a neighborhood icon drawing crowds of young families, students and curious tourists. “It really was the community that started walking into our doors and experiencing our product and loving it and bringing friends and family and out-of-towners,” said Norma Paz, who has never formally advertised her business.

Startup LetMeParkIt to “Recycle” Underutilized Parking Inventory for Public Use
Chattanoogan.com
New startup LetMeParkIt will launch in April, bringing discounted parking options to the public by “recycling” existing, underutilized parking inventory. LetMeParkIt allows private entities and individuals to list parking inventory for use by the public. These parking spaces will generate revenue for the owners and provide more parking options for drivers. “LetMeParkIt gives parking space owners the ability to make incremental revenue on an existing asset,” said founder Marco Biscarini. “And it gives drivers the ability to locate and reserve parking before getting to their destination.”

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