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May 14th, 2015

May 14th, 2015

TENNESSEE INNOVATION IN THE NEWS

Health Care Company with Bill Frist Tie Lands $14M in Funding
Nashville Business Journal
MDSave, a Brentwood-based health care price transparency startup with former Sen. Bill Frist on its board of directors, has raised more than $14 million. Seventeen investors participated in the raise, according to a filing with the Securities and Exchange Commission. New York-based private equity firm MTS Health Investors is responsible for $12 million of the $14.1 million round, according to a news release.

Health Care Start-up Execs Prep for Jumpstart
The Tennessean
The leaders of nine health care start-ups from around the country are preparing to arrive in Nashville this weekend to start a 14-week program with Jumpstart Foundry to launch their respective products. The leaders of the start-ups will have the chance to network with the health care community — many of which are potential investors or customers. “I think (Nashville-based health care companies) are excited about seeing what these innovations can bring and how it might advance their business and either deliver better health care, make more money or be more efficient or all three of those things,” said Vic Gatto, Jumpstart CEO and founder.

Mainsail Group Capraise Funds Contract-Marketing, Alt-Revenue Startup
Venture Nashville Connections
Mainsail Group, the Franklin-based contract brand-marketing and placement company, has completed a $650K Series A raise, said Co-Founder and President Wes Sellers. ositioned as increasing net revenue among healthcare-sector clients accepting branded-product placements, Mainsail offers services for securing concession agreements; campaigns to improve satisfaction among customers, patients or other constituents; and, marketing and supply-chain services and counsel, Sellers confirmed.

Startup Text Request Grows, Hones Features
Nooga.com
Since launching in November, local company Text Request has found new niches and added new features. “Part of our journey is about our idea of where the market was going to be, and then seeing in the business world where the money was—seeing how our service helped businesses make more money,” Director of Communications James Dawson said. The company is a startup that allows customers to text employees at local businesses. When it launched, leaders said they wanted to disrupt the customer service industry.

Summer of Acceleration Heats Up at Start Co.
Memphis Daily News
Memphis this summer is ground zero for entrepreneurs from here and around the country working to build a fresh crop of innovative, lasting companies. The three accelerator programs presented by the Start Co. venture organization are now underway, with eleven startup teams comprised of almost 30 entrepreneurs participating in the trio of accelerators that’s running simultaneously this summer and which got under way earlier this month.

Zertoto510 Companies Bringing Something Extra to the Table This Year
Memphis Business Journal
The latest group of teams for ZeroTo510, the Memphis Bioworks Foundation’s medical device incubator, has a little international flare. Of the four companies selected for the 12-week program, one of them, GlucosAlarm, is from Chihuahua, Mexico. Allan Daisley, co-founder of ZeroTo510, said the program received applications from 10 countries covering six continents.

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