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November 17th, 2016

November 17th, 2016

TENNESSEE INNOVATION IN THE NEWS

Dates Announced For Second Annual “Innov865 Week”
Teknovation
At yesterday’s inaugural “Innov865 Happy Hour,” the alliance that coordinated Knoxville’s inaugural “Innov865 Week” announced dates for the 2017 celebration. It will be held September 18-22. More than 1,400 people participated in the first “Innov865 Week” that featured 25 different activities. Plans for 2017 include another mix of big events like the fifth annual “Start-up Day” on September 21 and a series of micro events like those held this year.


Global Entrepreneurship Week at Tennessee State University
Tennessee State University
Open yourself to the possibilities! Join us on the fourth floor of the Avon Williams campus of Tennessee State University (TSU) for FREE Global Entrepreneurship Week (GEW) activities. Learn how to leverage our programs to go global! The Center for Entrepreneurship and Economic Development at TSU is pleased to participate in the 2016 GEW. GEW brings together entrepreneurs, innovators and support organizations in over 160 countries to support ideas and innovation.

Growth in Business Filings Shows ‘Very Solid’ Economy For Tennessee, Economist Says
Chattanooga Times Free Press
The number of new businesses being started in Tennessee continued to grow in the third quarter of 2016, marking five years of continuous business growth in the Volunteer State, according to data released today by the Tennessee Secretary of State. There were 8,898 new entity filings in the third quarter, up 7.3 percent increase over the third quarter of 2015. This marks the 20th consecutive quarter of positive year-over-year growth. As of Oct. 1, there were 241,619 active entities in Tennessee, representing a 5.2 percent increase over last year’s third quarter count.

Medical District Collaborative Looks to Bolster Neighborhood Through Small Business Competition
High Ground News
Selection is underway for winners of the Memphis Medical District Collaborative’s Operation Opportunity Challenge. The competition, which ended Nov. 16, sought small businesses and entrepreneurs to respond to the needs of the medical and educational institutions in the Medical District. The MMDC, in partnership with EPIcenter, U3 Advisors, and the participating institutions, will announce the finalists on November 23 to whom they will award up to $100,000 in capital and in-kind services.

Prestigious Grant From Innovation Corps Encourages Entrepreneurial Environment
UT Daily Beacon
UT, along with three other universities, is receiving a five year $3.4 million grant from the National Science foundation Innovation Corps (I-Corps) program to teach technology entrepreneurship, perform research and foster innovation. The National Science Foundation set up the I-Corps program in 2011. It aims to teach researchers how to evaluate the commercial value of their discoveries.

Southeast Region Has Intellectual Capital, Needs Investment Pool Growth
LaunchTN
Through the third quarter of 2016, startups got investments of more than $55 billion in venture capital. That’s down almost ten percent from the same period in 2015, reflecting a still-strong market, but one where competition is sharpening. At the same time, Southeast-area investment through the third quarter was around $3.35 billion, up five percent from early 2015. So, can the Southeast continue to compete with the ground zero of investment and innovation that is Silicon Valley, or more entrenched areas such as New York? Entrepreneurs and market watchers say yes, and for multiple reasons.

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