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April 29th, 2014

April 29th, 2014

Tennessee Innovation in the News

Tennessean: Forbes ranks Nashville No. 6 for job growth
Nashville’s economic engine continues to hum. The city was ranked No. 6 in the country for job growth, according to a report on Forbes.com…The report said much of Nashville’s growth can be attributed to a booming population, which fuels job growth in the construction and service industries. Forbes rankings were based on recent growth trends, mid-term growth, long-term growth and the region’s momentum.

Commercial Appeal: Fine arts grad launches an online business
Upon completing graduate school in fine arts at a University of Massachusetts campus last year, Leni Stoeva faced the reality of working in New York as a lowly paid intern. Then she realized she could start her own arts-oriented business back in her hometown. Stoeva, 27, tapped into Upstart Memphis, a program sponsored by economic developer Start Co. She created a firm called Artwardly using $15,000 in seed money provided by Start Co in exchange for a 10-percent stake in the business. Artwardly now runs in Start Co’s Downtown business incubator, although she plans to eventually operate entirely online.

Motley Fool: The Next Big Thing in 3-D Printing: Big Area Additive Manufacturing, or BAAM
If you’re invested in 3D Systems, Stratasys, or others in the 3-D printing space, you should know about what’s being dubbed “big area additive manufacturing,” or BAAM. BAAM is just what its name implies: large-scale additive manufacturing, or 3-D printing. This technology has recently started bubbling up on the scene, with large well-respected companies entering, or deepening their involvement in, this potentially game-changing niche. Two of the biggest — no pun intended — stories on the BAAM front involve Cincinnati Incorporated and Lockheed Martin. Both of these companies are working in partnership with the U.S. Department of Energy’s Oak Ridge National Laboratory.

Tennessean: Stephen Collins joins big names on Citizengine board
Last Thursday, Nashville company Citizengine Inc. welcomed Stephen Collins, formerly of Internet advertising company DoubleClick, to its board. The company’s advisory board already includes some renowned local business leaders, including Will Weaver, CTO of health care technology company RoundingWell and former co-founder of email marketing company Emma; former Mayor Bill Purcell; and former Sen. Bill Frist. Citizengine was co-founded by Silicon Valley entrepreneur Mike Dodson, former Vanderbilt University Medical Center CEO Harry Jacobson and health care investment banker Duncan Dashiff. Citizengine is a holding company that owns iCitizen Corp., a digital platform designed to empower local residents to track political activity and engage with politicians, and iCity Corp., which also is a social media-driven digital platform but designed more for politicians to reach citizens and tourists.

National Innovation in the News

PandoDaily: If the Techtopus wage theft suit proves anything, it’s that the philosophy that built the Valley is no more
Indeed what’s defined Silicon Valley – and the reason it surpassed Boston as the world’s leading innovation and startup hub decades ago – was an almost Eastern philosophy of the constant recirculation of money and talent. Like atoms washing in and out of the body, or a flow of energy that would be described in a California Yoga class, the idea was that this flow of talent and capital was all that mattered – not any one job, or any one company, or even any one technical wave. It was the big living breathing organism of the ecosystem…And just as startups will use that speed, nimbleness, and disruptive mindset – even veering into the gray area of the law when need be – so too did these giants of Silicon Valley lose all sense of decorum, respect for talent, legality, and appreciation for what made the Valley unique and successful to begin with.

Forbes: Building Your Startup Community: Lessons from Entrepreneur Twitter Patterns
Startups and the ecosystems they form are increasingly championed as the path to future economic growth and job creation. This makes sense, since startups are, in fact, the net job creators in the U.S. economy. With that in mind, cities across the U.S. have been working on the monumental task of trying to build and grow local startup communities. Nonetheless, how these communities form is still largely a “black box.” In an attempt to better understand the connections and networks underlying these ecosystems, the Kauffman Foundation surveyed participants in an entrepreneurship education program to explore their network behavioral patterns.

A Smart Bear Blog: Why startup biz dev deals almost never get done
As the founder of WP Engine, I receive weekly emails from startups proposing a “win-win” deal.  So far, approximately zero have resulted in an successful deal. Here’s the problem, and how you can change your approach to business development so that it can succeed.

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