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September 22nd, 2015

September 22nd, 2015

TENNESSEE INNOVATION IN THE NEWS

Teknovation
Their business is focused on helping developers and realtors use virtual reality to enhance their sales, so the two Founders of local start-up Evolvr decided to join two entrepreneurial accelerators at the same time with their eyes wide open. “We knew going into it that it would be a battle of time and objectives,” Patrick Teasdale told us recently. There was a good deal of travel, but he said Chattanooga’s “GIGTANK” and Knoxville’s “MediaWorks” were so different that it worked well. “We did ‘MediaWorks’ on Monday and Thursday nights at the KEC (Knoxville Entrepreneur Center), then went down to Chattanooga on Friday,” Teasdale explained. “We would check in with Alex (Lavidge) and Mike (Bradshaw) and spend the weekend on min-hackathons.”

FourBridges Capital Advisors Grows to Meet Southeast Demand
Nooga.com
Chattanooga’s FourBridges Capital Advisors, a middle market investment group that helps business owners make transactions like buying, selling or raising capital, is growing to meet the demands of the Southeast market. The company just hired its second high-level team member based in Atlanta. Doug Johns, current chairman and former CEO of a tech company that operates Atlanta-based global tech firm NIVIS, has come on as a senior adviser.

Memphis Company Offers New Lending System for Medical Industry
High Ground News
To address the ever-increasing costs of heathcare, startup company LendMed may be just what the doctor ordered. “Hospitals can’t always anticipate the specific needs of every patient or afford to keep every medication or surgical device in their inventory,” explained Ryan Freiden, Founder of LendMed. “As a result, hospitals in the United States borrow from one another nearly 50,000 items per week.” LendMed is a software system that provides tracking capabilities for hospital lending. Currently, the lending process is manual. Calling around to locate needed items takes time, and time is money. In this scenario, the time lag also accounts for over 25 percent of preventable errors and complications in care. Those problems add to the financial burden of hospitals which have to carry $10 billion in liabilities for items that are barely traced or documented.

Nashville Software School: One Solution to Tech Shortage
The Tennessean
Since launching in 2012, the Nashville Software School has had a profound impact on the Nashville economy through the workers it has trained and the companies that hire them. As the only nonprofit coding school in the U.S., it serves as a model for addressing tech workforce challenges faced throughout the country. In Middle Tennessee, software developers are among the most coveted tech hires, ranking just below systems analysts and user support specialists. The most recent Nashville Technology Council jobs report estimates there was an average of nearly 280 local software positions open each month in 2014.

SEC Symposium on Innovation & Entrepreneurship Includes Pitch Competition, Live-Stream on SEC Network
SouthernAlpha
The autumn weather and the SEC could only mean one thing: yes, a symposium on innovation.  The 2015 SEC Symposium, entitled Creativity, Innovation & Entrepreneurship: Driving a 21st Century Economy, will take place Sept. 20-22 in Atlanta.  Led by the University of Florida, this event is run by the SECU, the academic initiative arm of the conference more known in the fall for pigskin than for an app that calculates whether a team should go for it on fourth-down. On of the anticipated sessions of the symposium is the student entrepreneurial pitch competition on Monday, where all 14 member universities will have a group pitching in the competition to judges who are all SEC alumni.On Wednesday, SECU announced that SEC Network will provide coverage of the 2015 SEC Symposium, highlighted by a live SEC Network + online streaming on their website.  And here at Southern/alpha, we are announcing today that we will be in Atlanta to cover this pitch competition as well as other sessions going on at the SEC Symposium.


Teknovation
The acronym is I.D.E.A. It stands for “Invention Disclosure Enterprise Application,” and it is a just announced electronic method for faculty and staff at the University of Tennessee (UT) to electronically submit invention disclosures. Like any portal, it is available at any hour of the day or night via a Windows or Apple computer, mobile phone or tablet. The sponsoring UT Research Foundation notes that I.D.E.A. is linked automatically to the individual’s UT netID to facilitate the ease of submission.

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