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January 13th, 2015

January 13th, 2015

TENNESSEE INNOVATION IN THE NEWS

2014 Tennessee Early Stage Investments Top $276 Million
Launch Tennessee Blog
Launch Tennessee (LaunchTN) announced today that 2014 investments measured by the public-private partnership totaled over $276 million, an increase of 31 percent over 2013. LaunchTN’s investment goal for the state’s early-stage companies is $1 billion by 2017. “The rise in investment dollars makes 2014 a banner year for Tennessee and propels us forward in achieving our goal to make our state the No. 1 place in the Southeast to start and grow a company,” said Bill Hagerty, Commissioner of Tennessee’s Department of Economic and Community Development and Chairman of the Board of LaunchTN. “Governor Haslam and I applaud LaunchTN for their work in facilitating this increased flow of capital for our state.”

Coffee and Collaboration, EC Hosts Sip It!
The Tennessean
The Nashville Entrepreneur Center and The Tennessean want you to grab a coffee with us and Sip It! Sip It! is a morning coffee series where you can expect to hear from an exciting guest speaker to lead a discussion and answer questions with some of Nashville’s most active entrepreneurs and leaders. The series will focus on stories of individuals and industries that have affected the rise of Nashville as one of the top cities for business and entrepreneurship in the United States.

Jumpstart Foundry Looks to Grow Its Footprint with New, Specialized Locations
Nashville Business Journal
As it shoots for elite status, Nashville accelerator Jumpstart Foundry has announced plans to invest more in its companies, brought one of its co-founders on board full-time as president and narrowed its focus to health care. Now the team is looking to spread its reach — literally — across Nashville. Jumpstart, which currently operates out of the Nashville Entrepreneur Center, is “planning to capitalize on four to five of the best and most unique physical offices in Nashville,” according to an email from CEO Vic Gatto.

Startups Thrive in Tennessee, Providing Opportunities for Investors from China
Tennessee China Network Blog
In a May 2014 ranking by NerdWallet.com of the best US cities to start a business, two out of the top 10 cities were located in Tennessee – the only state to have more than one city in the ranking. Nashville ranked fifth and Memphis came in 10th. The study ranked cities according to accessibility of funding, accessibility of quality human capital, the strength of the local economy, business friendliness, and affordability.

Stone Mountain Technologies Focused on Saving Energy Costs
Teknovation
Michael Garrabrant of Stone Mountain Technologies, Inc. (SMTI) says the technology that his company has developed “offers customers significant savings to heat their homes, businesses and water.” In the case of this Johnson City-based company, the customers are not individual consumers, but the Original Equipment Manufacturers (OEMs) that produce the heat pumps, water heaters and other devices that heat and cool buildings. They will be buying SMTI’s components that enable sorption heat pumps to compete against “standard” direct-fired heating systems.

TechTown to Host MLK Day Tech Camp
Nooga.com
TechTown will host a one-day technology camp this month. “Our focus is on self-guided learning and letting kids engage with the tools we provide,” TechTown CEO Cordell Carter said in a prepared statement. “We help kids to experience the latest technology that they wouldn’t generally be able to access.” TechTown is a technology and entrepreneurial innovation center that serves children around the country and has a presence in Chattanooga. 

Though Daily Clips is no longer active, you can still get the latest in top news on Tennessee startups, resources, events and more by signing up for the LaunchTN Newsletter.

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