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September 22nd, 2016

September 22nd, 2016

TENNESSEE INNOVATION IN THE NEWS

Announcing Entrepreneur Lending Powered by CAN Capital
Entrepreneur
For many entrepreneurs, financing is a major roadblock to reaching their business goals. Thankfully, today’s economic landscape offers a wealth of options. As the premier media source for and about small-business owners, and after nearly 40 years of this dedicated coverage, we at Entrepreneur have become experts in the distinct challenges our audience faces. We are particularly attuned to entrepreneurial pain points – finance being a prominent one – and showcase as many solutions and resources to overcome them as possible.

Nashville Post
Incubation program Bunker Labs Nashville is partnering with Bank of America and Vanderbilt University’s Owen Graduate School of Management to launch an awards program spotlighting military entrepreneurs. The first annual Bunker Business Awards and Mess Night, a traditional military dinner, will take placed Dec. 5 at the offices of Waller. With its $25,000 of support, Bank of America joins Comcast and JPMorgan Chase as major backers of Bunker Labs, which set up a local chapter at the Nashville Entrepreneur Center earlier this year.
BarCamp Nashville
The call for proposals is open and we’re ready to hear what you want to talk about at BarCamp Nashville. But before you get started, this is a reminder that we’re taking a bit of a different approach this year in honor of #bcnX, our 10th BarCamp in Nashville. BCN has always been a great place for new speakers to gain experience and credibility in front of an eager and supportive audience. So if you’re a new speaker, welcome! If you have a project or something skills-based that you’d like to talk about, we’re ready to listen and support you!

FedEx Working on Drone and Automation Projects – With Caveats
Memphis Daily News
John Zimmer, Co-founder and President of the on-demand ride-sharing company Lyft, thinks that in less than a decade private car ownership will essentially have ended in major U.S. cities. Also, thatwithin five years most Lyft trips will take place in self-driving cars. A few days after Zimmer sparked a wave of headlines about the future of autonomous autos, FedEx Corp. chairman, President and CEO Fred Smith had a somewhat more measured view about what’s in store. Smith was asked during the Memphis-based package delivery giant’s latest earnings presentation to analysts this week for his thoughts on drone deliveries and unmanned trucks and how those might fit into FedEx’s operation. Smith’s message: essentially, that there’s a place for them, but people need to run the machines, not the other way around.

Iconic Knoxville Studio Perfect Venue for “The Works Demo Day”
Teknovation
In an 8,000 square foot television studio built by a Knoxville entrepreneur and media legend, the Knoxville Entrepreneur Center (KEC) formally presented the eight companies participating in its inaugural “The Works” accelerator program. About 275 people pre-registered for the event, part of “Innov865 Week,” that was held in Studio A at Scripps Networks Interactive. Roughly three decades ago, Ross Bagwell built the studio to support his Bagwell Communications and Cinetel work in the early days of cable television. By the early 1990s, his company was the largest independent producer of cable network programs in the U.S.

Most Tech Startups Exit Without Raising Funds, Sell for Under $50M
Nashville Business Journal
Billion-dollar valuations and mushrooming funding round amounts gathered much of the attention of recent years in startup-land. But a new report shows that the majority of tech startups exit before they raise any venture or private equity funding and their valuation on exit is less than $50 million. Venture investment research firm CB Insights said in a report on tech exits in the first half of 2016 that 53 percent involved startups that had raised less than $50 million. Another 26 percent were valued at between $50 million and $200 million.

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