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September 10th, 2015

September 10th, 2015

TENNESSEE INNOVATION IN THE NEWS
Applications Open for CO.LAB Accelerator
Nooga.com
The Company Lab is seeking applications for the fall 2015 CO.LAB Accelerator, which connects startups with mentors and resources to help them succeed. The deadline for submissions is Sept. 17, but officials said the sooner applicants can get paperwork in, the better. This year’s program will not require a participation fee. The accelerator is a 100-day program for startups whose leaders are interested in scaling out to larger markets, according to a news release. Organizers aim to help companies transition an initial business idea into a compelling model that’s fundable through venture capital or angel investors.

Chattanooga Puts Its Mark on Innovation Downtown
Times Free Press
Chattanooga’s lofty dreams of building an innovation economy reached street level Wednesday as city crews painted portions of Market Street and hung banners on streetlights downtown to mark the city’s new Innovation District, centered around the newly renovated Edney Building at Market and 11th Street. Chattanooga Mayor Andy Berke said Wednesday the markings are more than just symbols of a refashioned downtown. “Just in the last few months, you’ve seen a tremendous amount of enthusiasm and growth in the district and we’re excited about how it is diversifying and adding to our local economy,” Berke said, citing the recent opening of a local office by Vayner Media and the expansion of BellHops, Southtree and Open Table in the downtown district.

Fast-Growing Tech Startup Makes Move to Triple Its Footprint
Nashville Business Journal 
When patient engagement startup Relatient raised its first round of funding in early 2014, the company was working with about 400 providers. Today, as it prepares to move into new office space in Franklin’s Jamison Station, Relatient serves more than 8,000, President and CEO Sam Johnson told me last Friday. “The growth has been outrageous,” he said. The move will allow the company, which employs about 24 people between a 1,400 square-foot office in Franklin and another one in Cookeville, to continue that growth. There’s room for around 35 people in the 5,200 square feet the firm will take over in November, Johnson said, and they have the option to nearly double that footprint in the future.

Great Outlook for Venture Investments in Biotech Startups
Teknovation & GovTech.com
With Life Science Tennessee’s annual conference starting September 28, we thought this was an insightful article. It notes that the outlook for venture capital investment in biotechnology start-ups has never been better since the tracking of such data started two decades ago.

Java Developers Needed for IT Company Interested in Expanding to Chattanooga
The Chattanoogan
Chattanooga needs Java. But not the coffee kind, the developer kind. The Chattanooga Chamber hopes to recruit an anonymous software development firm to Chattanooga. The Chamber is conducting a blind job posting for this IT and software development firm interested in expanding to Chattanooga, potentially creating 100 jobs over three years. Chattanooga’s downtown amenities, thriving startup scene and outdoor recreation captured the company’s attention, now focused on understanding the regional workforce and recruiting software developers in Chattanooga. Results of this blind job posting represent the availability of a qualified local workforce.

The TENN Start-Ups Continue to Blaze New Trails
Charlie Brock for The Tennessean
When Launch Tennessee launched The TENN program, the goal was simple. Take the best of the best from our statewide accelerator network, and then showcase them around the state, region and country. Two years in, we’ve had remarkable success doing just that. Along the way, we’ve brought even further recognition to Tennessee’s amazing entrepreneurial network. These sites house some of the Southeast’s top programs based on capital raised by the companies they are shepherding along. They also are the programs focused on innovating sectors such as health care, medical devices, automotive technology, 3-D printing and additive manufacturing and music and digital media.

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