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October 23rd, 2015

October 23rd, 2015

TENNESSEE INNOVATION IN THE NEWS

8,000+ Women Engineers are Gathered in Nashville – and Ready for More to Join the Field
SouthernAlpha
Wonder what a woman engineer looks like? Well, there are over 8,000 of them in Nashville right now for WE15, a global conference for the Society of Women Engineers that feature more than 250 educational sessions and 275 career fair exhibitors. “We felt that Nashville, with its rich history and vibrant engineering and technology community, was a perfect location for WE15,” said Karen Horting, executive director and CEO for SWE. “Nashville is a great place for SWE members to take advantage of all that the conference has to offer while enjoying all that Music City has to offer.”At the three-day event in downtown Nashville, collegiates and professionals can participate in Friday’scareer fair with organizations that are seeking qualified, motivated engineers. Many graduate schools will also be in attendance to show potential applicants the opportunities available at their respective institutions.

Advanced Munitions International Recruitment is One for the Textbooks
Teknovation
We’re referring to this week’s announcement by Advanced Munitions International, LLC (AMI) that it will invest more than $550 million, a number that could rise to $1 billion, and create more than 600 high-wage jobs in Blount County. And, it’s not just this win, but numerous others since 2010 that account for nearly $1.5 billion in new investments and 4,000 new jobs that the county has added. They’re on a roll in a community that once was dominated by a single employer, but is now so diversified. What are the folks in my birth county doing to be so successful? I think it was best explained by Jim Antich, AMI’s Founder and Executive Chairman, who simply said, “This community is like one; it’s amazing how they work together.”

CEO Built LetterLogic from the Basement Up – Literally – On Her Terms
The Tennessean
Sherry Stewart Deutschmann kept her essentials — a bed, a sofa, a table, a washer and dryer. In a weeklong garage sale on Lealand Lane, she sold the remaining items, and despite all warnings, cashed in her 401(k). She was launching a patient billing company, one that would compete with her former employer, and needed money to fund it. In her basement, she set up a desk made of two filing cabinets and a door and began calling potential clients, introducing herself as the CEO of LetterLogic. The stakes were high. As a single mom, she was raising a daughter and a granddaughter, and she had just left a well-paying sales job to prove a business could be run better by valuing employees.

Chattanooga’s Supply Hog Still Rooting for Winning Formula
Chattanooga Times Free Press
“One percent inspiration and 99 percent perspiration,” is how Thomas Edison defined genius. The same could be said for getting an Internet startup off the ground. At least for SupplyHog, a 10-employee Chattanooga business that bills itself as “the online marketplace for everyone in the building materials industry.” It was the toast of the Internet startup scene here in 2010, when SupplyHog (then called Nopone) won the Company Lab’s “Will This Float?” competition that’s morphed into today’s Gigtank competition for fledgling online companies. SupplyHog’s CEO and co-founder Nathan Derrick went on to spend time in Philadelphia and Mountainview, Calif., at Internet “accelerators” that help startups find investors.

Music Video Company Launches in Memphis
High Ground News
Six award-winning music video directors have brought together their talents to create a music video production company. Team Electron will serve musicians, labels and management agencies nationwide with their distinct brand of creative direction. The company offers concept consultation, scheduling and producing, directing, cinematography, editing and special effects among other services. The business came about as members of the team realized they could help artists wade through the difficulties of finding a production team. “We observed through our years of experience that finding a director can be difficult,” said Edward Valibus, one of six directors on the team along with GB Shannon, Brad Phelan, Christopher Reyes, Ryan Earl Parker and Sarah Fleming.

Nashville Business Journal
More than one hundred new health-tech jobs are headed for downtown Nashville. Intermedix Corporation, a Florida-based health-tech firm, is establishing an innovation lab and executive offices in the Fifth Third Center, the company and state officials said in a news release Thursday. The firm’s new Nashville operations will create 116 jobs and bring the firm’s top executives to Nashville. “We are looking forward to this new phase for our company,” Intermedix CEO Joel Portice said in the release. “The city of Nashville and the state of Tennessee have welcomed Intermedix with open arms, and we are looking forward to growing here.”

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