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March 31st, 2015

March 31st, 2015

TENNESSEE INNOVATION IN THE NEWS

Accelerator Outlook: The Biz Foundry
Teknovation
This is the fifth and final article in a multi-part series focused on Launch Tennessee’s accelerator program and the regional accelerators that operate in the eastern half of Tennessee. Today, we examine the plans of The Biz Foundry based in Cookeville.

Food and Beverage Companies Have Raised Over $4M in Tennessee Just This Year
Southern/alpha
Food and beverage companies in Tennessee have raised $4,865,639 and counting just this year, according to SEC documents. The four recent raises include Everly, Chattanooga Whiskey, Red’s All Natural, LLC and Windy Hill Spirits, Inc. (fmr. Windy Hill Distillery, Inc.)

FedEx Commits $3 Million to Technology Institute
Memphis Business Journal
FedEx Corporate Services Inc. recently made a $3 million commitment over three years to the University of Memphis’ FedEx Institute of Technology. The gift coincides with school president David Rudd’s vision for the institute to partner with global technology organizations to advance interdisciplinary research and faculty collaborations. The money from FedEx allows U of M to invest in data analytics, information security and testing, intermodal freight transportation, mobile sensors and quality data management through the FedEx Institute of Technology.

Investor Heavyweights Commit Seed Funding to Project Music
Nashville Business Journal
Bullpen Ventures, an investment partnership comprised of local business heavyweights, has committed up to $100,000 in seed funding to a company graduating next month from the Project Music accelerator, according to a news release. The commitment could spark interest from other local investors in Project Music companies, which operate in the overlap of music, entertainment and tech, a segment that Nashville investors have historically shied away from.

Tech Diversity: Group Encourages Young Women in Pursuit of Technology Careers
Memphis Daily News
When Shiloh Barnat traces her career path, it begins at the keyboard of her grandmother’s clunky computer that was the cutting edge of technology in the late 1970s. And Barnat, Lokion Interactive’s vice president of strategy, talks about it as she laments the dearth of women in computing and the technology business in general. “Too often women and girls are excluded or missing,” Barnat said last week to a room of 30 people at the first Aspirations in Computing Awards. The National Center for Women and Information Technology’s Memphis chapter gave the recognitions to six local high school students.

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