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Tennessee’s Life Science Industry Continues to Grow

Many of Tennessee’s successful industries fall under the blanket of “life sciences,” a fast-growing sector in the state. The life science industry spans many markets and includes companies in the fields like medical device, pharmaceuticals, research, bio-agriculture and bio-logistics.

Life Science Tennessee, a statewide nonprofit, leads the charge to support innovators and entrepreneurs in this sector. Life Science Tennessee held its annual conference, a forum for life science thought leaders, executives and entrepreneurs to have en exchange of ideas, this week. There was also a pitch competition, for which participating companies were matched with mentors, given one-on-one time with investors and were able to network with leaders in Tennessee’s life science industry.

Winners of the pitch competition had the chance to win several prizes: the opportunity to pitch at the Southeast Bio Investor and Partnering Forum, $5,000 from Waller Lansden Dortch & Davis, LLP, the creation of a five-minute pitch video from Benchfly and a preclinical development map from TriMetis. Innovasan, a Knoxville company developing a cost effective solution to treat and dispose of fluid medical waste, took the top prize at the Venture Forum.

Life Science Tennessee has held other events this year, including roundtable events in four Tennessee cities in August. Life Science Tennessee will be releasing two reports this month— one on the challenges life science entrepreneurs may face and one on the importance of capital to the growth of the life science industry. Supporting life science entrepreneurship is of great importance to our Launch Tennessee team, and we appreciate Life Science Tennessee’s work in this field.

For more information, read my recent Tennessean column.

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