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October 6th, 2015

October 6th, 2015

TENNESSEE INNOVATION IN THE NEWS

Chattanooga’s ACT Receives Second FDA 510(k) Clearance
Teknovation
Good news for Advanced Catheter Therapies, Inc. of Chattanooga. The company has been the subject of several posts in the past from us. Here’s the latest announcement. Advanced Catheter Therapies, Inc. (ACT), today announced that its Occlusion Perfusion Catheter™ (OPC) has received its second U.S. Food and Drug Administration (FDA) 510(k) clearance. The patented OPC is a universal targeted therapeutic agent delivery catheter. ACT is a research and development medical device company with a portfolio of innovative catheter technologies initially targeting peripheral vascular disease. “ACT is very excited about this second FDA 510(k) clearance for the OPC,” said Mark Rich, VP Business Development for ACT. “With the additional range of sizes, ACT can now offer treatment delivery options for vessels 3mm-10mm in diameter and disease length up to 15cm in length.” ACT is in talks with several potential partners for the licensing rights to bring OPC forward to full commercialization.

Global Investors Come to Chattanooga Next Week for AngelSummit
Chattanooga Times Free Press
Every minute, 95 businesses are created around the globe, including 13 businesses across the United States. But by some measures, nearly half of the venture capital for the most promising of the tech business startups in the world still comes from Silicon Valley in and around San Francisco. Leslie Jump, the CEO and co-founder of StartupAngels who has worked with new businesses in the Middle East, Asia and the Americas, wants to diversify where startups are growing and where startup funds are available. So she and her colleagues are coming to Chattanooga next week for an AngelSummit as part of Startup Week in Chattanooga. “We have great startups that are occurring all over the planet,” she said. “But unfortunately, the vast majority of investment capital is still locked up in that peninsula of northern California.”

Last Day to Apply to Knoxville Startup Day!
Knoxville Startup Day
Knoxville’s Startup Day celebrates entrepreneurism and showcases East Tennessee as a destination for startups and entrepreneurs. Startup Day 2014 was a wild success with more than 375 attendees, 10 power pitches from our local entrepreneurs and fireside chats with some of Knoxville’s most outstanding entrepreneurs and investors. Now in its third year, Startup Day 2015 includes new programming to address one of the greatest challenges faced by local entrepreneurs: access to capital. This year, six startups will compete in the Startup Day 2015 pitch competition for a $5,000 cash prize. A panel of investor judges will select the winner. Also new in 2015 is the UT Federal Credit Union Traction Award, given to a Startup Day alum that’s made the most progress over the last three years. We’ll feature fireside chats with Knoxville’s legendary entrepreneurs and end the afternoon with a happy hour and lots of networking.

Local Company Presents Product Update at Major San Francisco Conference
Nooga.com
Chattanooga company Skuid recently presented a product update at the country’s major software conference, Dreamforce. Skuid is both the company name and the product for business users. It’s a customizable user-experience platform that allows businesses to build their own app, portal or website. Users can connect their data to Skuid and then create any sort of user experience aimed at more efficient, streamlined business processes. At the conference, Skuid leaders showed off the functionality. The company took about 30 people to San Francisco for the conference, which packed out the city so much that organizers brought in a cruise ship to the harbor to provide additional hotel rooms, Emily Maxie, director of digital marketing, said.

Snapshots from VandyHacks
ECD SouthernAlpha
Nearly 300 students were standing on Sunday afternoon at the conclusion of VandyHacks weekend.  At the expo, the collegiate hackers showcased various projects, from an app that taught individuals how to tango using a Project Tango device, to a hardware hack that allowed the user to type away from a typical keyboard. Shy Ruparel, deputy commissioner of Major League Hacking who was on campus to provide support for the student-organized event, said that the hackathon at Vanderbilt is part of a much larger initiative for more colleges to organize hackathons.  Ruparel mentioned that while 20% of computer science majors report going to hackathons, the availability of these weekends don’t really exist outside of colleges on the coasts.  He believes that the success of VandyHacks would help for colleges, especially those in the midwest, to begin organizing these weekends that are increasingly seen as an important part of the education of young coders and innovators.


Tech Goes Home Chattanooga
Today we launched our Indiegogo campaign for Tech Goes Home Chattanooga! As you know, the success of crowdfunding campaigns is dependent upon early donations, the quantity of donations and reaching 20% of your goal within the first few days. Please help us spread the word among your followers and peers via your social media channels! Tech Goes Home Chattanooga (TGH CHA) is The Enterprise Center’s new digital equity program for residents across Hamilton County. Modeled after Boston’s award-winning Tech Goes Home, our mission is to provide underserved residents the tools, education, and access required for 21st century skills development.  TGH CHA partners with schools, public libraries, churches, nonprofits, and other community organizations across Hamilton County to offer programs for adults, school-aged children and preschoolers.

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