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November 22nd, 2016

November 22nd, 2016

TENNESSEE INNOVATION IN THE NEWS

Chattanooga Wins $50,000 Grant For Tech Workforce Development
The Chattanoogan
The U.S. Conference of Mayors and Wells Fargo will present Mayor Andy Berke and TechTown with a 2016 Outstanding Achievement CommunityWINS (Working/Investing in Neighborhood Stabilization) Grant Award on Thursday afternoon. The formal presentation will be held at the South Chattanooga Youth & Family Development center. 

Life Experience Leads to ‘Pretzels with a Purpose’
LaunchTN
Growing Nashville business Theresa’s Twists began out of founder Theresa Daniels’ struggle and pain, and the desire that the Middle Tennessee State University junior had to create awareness around Asperger’s Syndrome. The goal? “Changing lives one pretzel at a time.” “It is from my deep, dark, and sometimes overwhelming challenge with Asperger’s Syndrome, that a mission and vision was been birthed to give hope and a positive future for other young adults struggling with Asperger’s,” says Daniels.


Local Makerspace Prepares to Grow
Nooga.com
A new Chattanooga makerspace is opening next month, and some community members already believe in the idea. “We are starting with 21 members who have agreed to pay $50 a month even before we had a space,” ChattLab co-founder Jeff Johnson said. “That tells you there’s a big demand for it.” After the organization floundered a bit, there still seemed to be a need for a place where people could tinker, create, woodwork, code and socialize. 

Meridian Econometrics Maps How We Move
High Ground News
One of Memphis’ up and coming tech firms wants to cut through layers of census tract data to give site selectors and other firms a clear picture of where people live, travel and spend their time. That was what John Hill had in mind when he founded Meridian Econometrics in 2015, but over the past few months, he’s been pivoting his message to reach a broader audience.

UT Provides Assistance With Student Startups
UT Daily Beacon
The University of Tennessee is giving students an opportunity to build their companies while studying. Four UT student startup companies were given a total of $35,000 dollars from the Boyd Venture Challenge Award. The challenge awards startup companies created by UT students with up to $20,000 in seed money. Winners and award amounts are determined by a panel of entrepreneurs, a certified public accountant and lawyers focusing on start-up companies.

West Coast Backers Take Controlling Interest in Nashville Tech Company
Nashville Business Journal
Nashville technology company Edgenet has new majority owners. Los Angeles-based Marlin Equity Partners has invested an undisclosed amount in the company, according to a news release. The investment comes just two and a half years after Edgenet was repurchased by a group of former executives and a Nashville-based private equity group following a bankruptcy filing under its prior owners, and represents a vote of confidence from an external investor in a Nashville-based technology company.

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