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November 20th, 2014

November 20th, 2014

TENNESSEE INNOVATION IN THE NEWS

Bellhops Hauls in a $6 Million Series A to Expand Moving Help Platform
Tech Crunch
Roughly 50 million Americans are estimated to move at some point this year, and 75 percent of them are do-it-yourselfers, by U-Haul measures. Aside from pestering all your friends and family to come help you load all your stuff or spending thousands on a moving company the next time you need help in the heavy lifting, there haven’t been a lot of options. College students tend to be the most transient population. They’re also young, healthy and at their strongest physically. This gave Bellhops founder Cameron Doody an idea. Put them to work.

Change Healthcare Sale Rewards Shareholders, Taxpayers
The Tennessean
Investor Vic Gatto has a reason to celebrate this week. His firm, Solidus, was a lead investor in Change Healthcare that sold for $135 million to Nashville health payment company Emdeon. Gatto has had a number of investment successes over the years and the deal was his biggest by far, he said. But the sale is also among the largest to date for the state’s TNInvestco program. The more than $2 million Solidus invested through its TNInvestco fund multiplied to close to $7 million through the sale, returns that will be split between Solidus and the state, which means taxpayers are rewarded as well.

Innovasan Corp. Wins Will This Float? Competition
Nooga.com
Knoxville-based Innovasan Corp. took the grand prize at yesterday’s Will This Float? competition, winning $1,000 in cash, 32 hours of free business services and a one-year mobile marketing contract. Innovasan is the creator of Gauntlet Disinfection System, which is a fluid waste technology treatment platform to reduce global water pollution. The technology creates effluent that is safe for discharge into the environment or municipal sewer systems.

Locally Made App Featured on Product Hunt
Nooga.com
A locally made app called Score with Friends is featured on Product Hunt, which is a growing online curation of the best new products. Product Hunt is a relatively new site that’s gained popularity in Silicon Valley. Score with Friends is the brainchild of developer Justin Junda, who is launching products out of a “viral app studio” at venture incubator Lamp Post Group. The free app allows sports fans to send fun trash talk to friends.

Splitsecnd Names Operations, Biz Dev Execs
Nashville Post
Jumpstart Foundry alumnus splitsecnd, which markets a crash detection device that plugs into any car, has named Sarah Voter to be its director of operations and Dr. Srivatsan Pallavaram as head of business development.

What Midsize Cities Must Do to Boost Entrepreneurship (feat. Mayor Andy Berke)
Entrepreneur
Chattanooga, Tenn. was historically known as “River City” for its prime waterfront location along the Tennessee River. A few years ago, when it installed a city-owned fiber-optic network, it became known as “Gig City.” Local leaders — especially Mayor Andy Berke — now tout Chattanooga for having the fastest and one of the least expensive high-speed Internet services in the U.S.

 

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