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May 12th, 2016

May 12th, 2016

TENNESSEE INNOVATION IN THE NEWS

Tennessee ECD
Tennessee Gov. Bill Haslam and Economic and Community Development Commissioner Randy Boyd along with Evergreen Packaging officials announced today the company will locate its global headquarters in Memphis. The company will invest $915,000 and create 70 jobs in Shelby County.
“We welcome Evergreen Packaging to Memphis and thank them for creating 70 new jobs in Shelby County,” Haslam said. “It is not taken lightly when a company chooses to locate its global headquarters in our state and we thank Evergreen for bringing us one step closer towards making Tennessee the No. 1 location in the Southeast for high quality jobs.”

Message at Samford Bears McWhorter Legacy and Son’s Challenge to Serve
Venture Nashville Connections
Clayton Associates Chairman Stuart McWhorter, immediate past-CEO of the Nashville Entrepreneur Center, addressed Samford University’s Commencement, May 6. He dedicated his remarks to his father, Clayton McWhorter, PharmD, the Nashville entrepreneur, investor and philanthropist who diedJanuary 23. Read the full commencement here.

NFL Vet’s Nashville Startup Sells to New York Firm
Nashville Business Journal
Overdog, a Nashville-based startup launched by Chicago Bear and Nashville native Hunter Hillenmeyer along with CEO Steve Berneman in 2012, has landed new owners. Odd Networks, a New York-based software-as-a-service company, has purchased the video gaming startup for an undisclosed amount, according to a news release.

Study Cites Startup Success Factors Starting with Female-Founded Companies
Teknovation
Here’s an interesting article from the Harvard Business Review focused on start-up success factors with a little twist. We don’t usually summarize the key points, but we will list the first bullet: “female-founded start-ups outperformed all-male teams.” Click here to read the article.

Talent Management for Startups: How to Plan for Employee No. 3
Startup Southerner
People are the core of any business, and startups are no exception. When the idea strikes, we often wrangle resources that are nearby or acquaintances we know who can partner up to get things started. College roommates or former coworkers, for example, often find themselves embarking on a startup journey together. Non-technical cofounders are also frequently matched with technical expertise to kick-off their company. And then, all of a sudden, your idea has legs and you need even more person-power to move the company from proof of concept into a scalable future. You have to hire Employee No. 3.

Yoshi Gas Delivery Company Partners with Firestone
The Tennessean
Nashville gas delivery startup Yoshi is taking its on-demand auto services to a new level. Partnering with locally headquartered Firestone, customers will be able to have their tires checked, inflated and replaced without leaving their home or office. As part of the deal with Firestone, which is owned by Bridgestone Americas, Yoshi drivers are supplied with air pumps and they check tires and fill them as needed for free.

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