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August 9th, 2016

August 9th, 2016

ACCELER865 Fund Invests in “The Works” Coding Startups
In a first-ever opportunity for a Knoxville-based start-up accelerator, every company going through the Knoxville Entrepreneur Center’s (KEC) “The Works” program this year has received some seed investment. The eight teams – four focused on media content and four focused on coding – are about midway through the intense program that culminates with a combined “Demo Day” on September 20 during “Innov865 Week.”

Chattanooga Business Lets You Text Through Your Business Phone
Chattanooga Times Free Press

Chattanooga startup business Text Request has a new service that lets users send and receive text messages through their existing business phone number. It should be a “game changer” that draws in thousands of new customers, say those at Text Request, since texting is the preferred mode of communication for many people, especially the millennial generation. Meanwhile, most businesses use voice-only phone systems — and are out of luck when someone tries to text them.

Entreprelingo Series: C is for Capital
Startup Southerner
Someone new to the world of entrepreneurship will notice right away that entrepreneurs have an interesting way of speaking. From “unicorn” to “bootstrapping” to “foodpreneur,” entrepreneurs use a lot of strange language to describe what they do. By combining words, or by assigning new meaning to old ones, they have created a whole new vocabulary to better communicate their needs and ideas in an ever-evolving ecosystem. The Entreprelingo Series is an effort to fill our readers in on some of the weirder—or less straightforward—terms you’re sure to hear in an entrepreneurial environment. So far, we’ve covered “A” and “B.” This week’s installment is brought to you by the letter “C.”

Entrepreneurs Bringing Swedish Mobile Café Concept to Chattanooga
Local entrepreneurs are bringing a mobile café to the streets of Chattanooga soon.  Andrew Clark and Laura Cagle are finalizing plans for the launch later this month of Wheelys Chattanooga, which will be set up in high-traffic pedestrian locales in and around the core downtown area. Click here for background about Wheelys, which has more than 400 cafés in 68 countries. UTC alums Clark and Cagle both have “an entrepreneurial itch to scratch,” which led them to the mobile café concept.

Go South, Young Folk: High-Tech Graduate Jobs Await You in Dixie
Knoxville News Sentinel
So you’re a millennial with a hot new degree in computer science. Common wisdom suggests you’d head to Silicon Valley or New York. Think again. A new report from the Brookings Institution in Washington says Dixie is where it’s at. Job growth for graduates in science, technology, engineering and mathematics (STEM) is rising much faster in metro areas in the Deep South than say San Francisco or Seattle, the high-tech meccas along the West Coast.

“Pass It Down” Gets Strategic Interest, Eyes Seed, Series A Capraises
Venture Tennessee Connections
The Chattanooga startup that’s about to launch a platform for storytelling and other knowledge transfer, is preparing to raise capital, with an eye toward both Consumer and Business markets. Founder-CEO and majority owner Chris Cummings told Venture Tennessee the company will soon open a Seed capital round with a target in the $500K-$750K range. If he wins his next big startup pitch competition, the Seed round might end-up smaller.

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