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April 22nd, 2014

April 22nd, 2014

Tennessee Innovation in the News

Nashville Business Journal: Silicon Valley firm to establish Nashville presence
Silicon Valley firm Crestlight Venture Productions is partnering with Nashville-based Fivestone Corporate Ventures to establish a Nashville presence, according to a news release. Crestlight is a corporate venture and innovation services firm that works with corporate venture arms to develop startups. The company was recently profiled  in this  Wall Street Journal blog. Under the Crestlight brand, the Nashville office will use both companies’ “extensive network and experience to build early- and growth-stage technology-driven startups for corporate clients,” according to the release, and with offer both pre-investment and post-investment services to corporate clients.

The Chattanoogan: Berke In State Of The City Address Says Progress Being Made In Public Safety, Job Development
Mayor Andy Berke, in his State of the City Address on Monday, said progress is being made in improving public safety and boosting the local economy…”An important part of Chattanooga’s story has always been innovation and entrepreneurship. In 2011 Aaron Welch had an idea. What if restaurants could manage operations with a mobile app and use text messaging to let waiting customers know their table was ready? He went to one of our 48 hour launches, built a prototype, validated the concept and attracted some local investors. With that investment, a team of talented local designers and developers were recruited, and a new hospitality software setup, QuickCue, was launched. Less than two years later, Open Table, the industry leader in online reservations, acquired Quickcue for over 11 million dollars.”

Event: Celebrating Innovation and Entrepreneurship
Rhodes College, in partnership with Start Co. presents: Celebrating Innovation and Entrepreneurship – April 24th starting at 2pm with a panel discussion on Entrepreneurship in Memphis following by a Business Plan Competition from 4:00 – 5:30pm. Click here to register. 

Nashville Business Journal: Why ‘Google Glass for industry’ builder chose Nashville as its home base
While Nashville may not yet have the pedigree of Austin or Silicon Valley when it comes to recruiting tech talent, the “low key” vibe and central location made Music City an easy choice for the new headquarters of XOEye Technologies, CEO C. Aaron Salow said…In a phrase, Salow said, XOEye builds “Google Glass for industry,” providing wearable technology for blue-collar industries. XOEye is the second company launched by the Salows, who also own a manufacturing company in Michigan and have ample experience in the industries they’re targeting, a background that is helping them develop their product with business needs in mind.

National Innovation in the News

Forbes: Corporate Acquisitions Of Startups — Why Do They Fail?
For decades large companies have gone shopping in Silicon Valley for startups. Lately the pressure of continuous disruption has forced them to step up the pace. More often than not the results of these acquisitions are disappointing. What can companies learn from others’ failed efforts to integrate startups into large companies? The answer – there are two types of integration strategies, and they depend on where the startup is in its lifecycle.

Huffington Post: 4 Ways You Can Succeed as a Social Entrepreneur
It isn’t always easy to find success as a social entrepreneur. After all, most of us are driven by our passion for the cause and can sometimes lose sight of the idea that we really do need to build a business — the more successful our business becomes, the more positive change we can create. But, how do you do that? How do you keep your mission in place while still building a successful business? Here are four things I have learned as a social entrepreneur…

CNN Money: This startup thrives on a four-day workweek
At one of his first jobs after college, Ryan Carson was a software developer who was asked to stay overnight to finish a project. “We ended up working 48 straight hours. I remember catching a few minutes’ sleep on the floor,” he said. That experience, all too common at startups, gave him a different idea: What if companies could prevent burnout (and reward their employees) by limiting the number of hours they worked? So in 2010, he gave it a shot. Treehouse, located in Portland, Ore., develops online courses in website-building, code writing and mobile apps. The firm, which Carson cofounded, has a second office in Orlando, Fla., and about half of its 75 employees work remotely.

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