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November 21st, 2014

November 21st, 2014

TENNESSEE INNOVATION IN THE NEWS

Challenge Winner US Biologic Fights Lyme Disease
The Tennessean
The CumberlandCenter, which seeks to invest in businesses and social enterprises making a difference in food and health, began its first investment last year with US Biologic, a company fighting Lyme disease. Based in Memphis, US Biologic was awarded $1.5 million through the Global Action Challenge for startup companies last year and has since partnered with Purina Mills animal feed company to manufacture its vaccination product.

Chattanooga Startup Offers Customers Ability to Text Businesses
Nooga.com
Consumers can call a business and can usually email a business. Now, thanks to the launch of a local company, customers will have the chance to text businesses. “We want to disrupt the customer service industry,” James Dawson with a new company called Text Request said Thursdayat a launch event. Text Request is a locally based startup that allows customers to text people at local businesses.

Emdeon’s CEO Hopes to Foster Innovation with Change Healthcare Buy
Nashville Business Journal
Nashville-based revenue cycle management and health IT firm Emdeon announced its second $100-million-plus acquisition of the year Wednesday, buying Brentwood-based Change Healthcare for $135 million (plus another possible $50 million in performance-tied incentives). This summer, Emdeon purchased California-based health IT company Capario for $115 million.

Felt Creators Launch Storyframes Photo Sharing App
Nooga.com
The creators of Felt—which is an iPad app that allows users to send personalized, handwritten notes without the hassle of envelopes, stamps and the post office—have made a new product that allows users to customize and share photos on greeting cards. The product is called Storyframes, and when customers download the Felt app, they can also use Storyframes.

Next Awards: Swiftwick’s Cleveland Named Entrepreneur of the Year
Nashville Business Journal
The Nashville Area Chamber of Commerce and Nashville Entrepreneur Center recognized a number of local businesses and CEOs at its annual Next Awards Thursday night. Mark Cleveland, CEO of Brentwood-based performance-sock company Swiftwick, was named entrepreneur of the year. The applicants for this year’s Next Awards can be viewed as a cross-section of Nashville’s creative class,” Ralph Schulz, president and CEO of the chamber, said in a news release.

With One Prize in Hand, Medalogix Advances in Harvard Competition
Nashville Business Journal
Medalogix, a Nashville-based predictive modeling health-tech startup, has moved on to the final round in the Harvard Health Acceleration Challenge. The company is one of four finalists in the competition, sponsored by Harvard Business School’s and Harvard Medical School’s Forum on Health Care Innovation, which yielded nearly 500 applications from people offering “proven ideas that have the potential to do great things for the US health care delivery system.”

 

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