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September 9th, 2014

September 9th, 2014

Tennessee Innovation in the News

Local Startup Aims To Help Tennessee Restaurants Save Big
The Chattanoogan
Tyler Brown, a fifth-generation food sales rep, and Joel Hines, a former distribution marketing executive, have announced the launch of AVA Consulting, LLC, a company specifically designed to help independents save time and money. They said, “As if running a restaurant or any other foodservice business is not demanding enough on its own, the independent operator will often spend countless hours dealing with multiple distributors and sales reps in order to find the best price on the cornerstone of their business: food. This is where AVA aims to make a difference.”

Nashville Entrepreneur Center partners with CMA for music biz accelerator
Nashville Business Journal
The Nashville Entrepreneur Center and the Country Music Association have partnered to launch a new 14-week business accelerator program focused on the music industry, the first program of its kind in Nashville. Six to eight startups will be accepted into the accelerator’s inaugural class, which will follow the curriculum and set formula used by the EC in other industries. For more information, or to get involved, please visit www.ec.co/music-tech-media/.

Fueling Film
Memphis Daily News
FuelFilm, a nonprofit that wants to serve as a launch pad of sorts for independent filmmakers and to kick the Memphis film industry up a notch, is ready for its close-up…The organization, founded in 2009 and which saw its first full year of programming in 2010, also was just last month among the first graduates of Sky High, one of the new accelerators set up by the Start Co. entrepreneurship entity in Memphis. And there’s still more – big, ambitious plans – to come for FuelFilm.

 

National Innovation in the News

How To Think Like an Entrepreneur: The Inventure Cycle
UC Berkeley Blog
But where do startup ideas come from? Where do inspiration, imagination and creativity come to bear? How does that all relate to innovation and entrepreneurship? Quite honestly I never gave this much thought. As an entrepreneur my problem was that I had too many ideas. My imagination ran 24/7 and to me every problem was a challenge to solve and new product to create. It wasn’t until I started teaching that I realized that not everyone’s head worked the same way. While the Lean Startup gave us a process for turning ideas into businesses – what’s left unanswered was, “Where do the ideas come from?  How do you get them?”

The 2014 State of Women-Owned Businesses Report
SmartBrief on Entrepreneurs
Women are starting 1,288 new businesses per day. According to The 2014 State of Women-Owned Businesses Report, the number of women-owned businesses has increased at 1.5 times the national average. This new report, based on data from the U.S. Census Bureau, includes up-to-date insights on the growth of women-owned businesses and pinpoints how policy and programmatic support can help even more of these companies reach their full potential.
Bringing ‘Moneyball’ analytics to funding medical device startups
San Francisco Business Times
Aaron Travis isn’t a big fan of the term “crowdfunding,” at least when it’s used to describe his matchmaking service for medical device startups and investors. Deal Labs Inc., where Travis is moving into the CEO position after joining the Redwood City-based firm a year ago, said the transactions that Deal Labs puts together “look less like crowdfunding and more like traditional funding.” The difference is Deal Labs’ uses sophisticated data analysis to hook up startups and investors. In the past two years, Travis has helped raise $30 million for 17 startups.

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