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April 1st, 2015

April 1st, 2015

TENNESSEE INNOVATION IN THE NEWS

‘Airbnb for Cars’ Takes Top Honors at Edmunds.com’s Third Annual Hackamotive
PR Newswire
The winning product, Zipflip, bills itself as “the Airbnb of car shopping.” Similar to the popular home sharing network, Zipflip provides identity verification and a payment system so that private car buyers and sellers can feel more confident about the sale. The product was successfully pitched by Tennessee-based team members Tim Kelly, Joe Alegre, Dewey Hammond and Austin Van Rider.

Bellhops Branches Out with Delivery Service, Cycle-Rickshaw Rides
Chattanooga Times Free Press
Bellhops, the tech-enabled moving company, is branching into local delivery service. The Chattanooga startup also has launched free downtown cycle-rickshaw rides courtesy of its local college movers and soon with the pedal power of about 30 interns it expects to take under its wing this summer. Bellhops quietly began marketing the local delivery service in the Scenic City on March 1 and has had about a dozen customers.

Chattanooga Joins Multi-City Innovation Campaign Focused on Technology
Chattanoogan.com
The city of Chattanooga has joined the Multi-City Innovation Campaign, an initiative that helps spur quality technology and innovation in cities across the country. The MCIC serves as a platform for developers, innovators and community leaders to build scalable and sustainable solutions that will change the way that cities communicate with their community members and provide information to citizens about resources, said officials.

New CEO Shares His Roadmap for Shareable Ink’s Future
Nashville Business Journal
Hal Andrews’ resume is filled with multiple successful exits, either of companies he led as CEO or advised as a board member. But now that he’s the head honcho at health-tech startup Shareable Ink, don’t expect a sale just yet. First he plans to pivot the company’s sales tactics from focusing on the end users (physicians) to vendors that can use Shareable Ink’s tools to improve their own products’ effectiveness.

Start Co. Companies Continue to Receive Funding
Memphis Business Journal
Four graduates of Start Co.’s accelerators have received $997,000 in capital investment: The College Initiative, Core Fire Commandos, Pickle and Well Done. With the latest round of funding, the 2014 cohort companies from Start Co. have raised a little more than $2 million since completing their accelerator programs.

Tech 2020 Receives $250,000 to Launch TennesSeed
Knoxville News Sentinel
Technology 2020 has received a $250,000 federal grant to launch an early stage fund that will provide financing for new companies in Tennessee. Tech 2020 led a proposal team that included Memphis Bioworks Foundation and affiliated venture capital funds Meritus Ventures and Innova Memphis. It also worked with the University of Tennessee Research Foundation, the Oak Ridge National Laboratory and Launch Tennessee.

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