WDEF News Channel 12
Dozens of the nation’s most exciting startups competed for a spot in the 2015 Gig Tank hosted in Chattanooga. The two month startup accelerator has officially begun and businesses who made the cut have begun their work, their collaboration with investors, and the utilization of Chattanooga’s lightning fast, world famous, internet. “There’s a boat right here. And like here’s the water,” said a tester in virtual reality goggles taking a virtual real estate tour built by Evolvr Media.
High Ground News
In the world of startups, anniversaries are big deal. That’s mostly because statistics show that 90 percent of tech startups fail. Memphis-based eBiz Solutions celebrated ten years of business in May, and they attribute their longevity to a commitment to innovation and a hunger for growth. Started in 2005 by Poornima Sunkara as a way to help small businesses and nonprofits with their website needs, eBiz has since grown from a small web development company into a team of more than 100 programmers and innovators. The company has staff both here in Memphis and in India.
TenantBase, a technology-based office space brokerage operating in Nashville, has been accepted into Southern California technology incubator EvoNexus. The company will be expanding its presence to Southern California on June 1 with the aim of refining its office space matchmaking software and services. The team plans to work with technology executives Greg Hawkins, former CEO of Buy.com, and Albert Chow, a former Prima Cinema executive.
Nashville’s technology scene is red hot, with an innovative culture that is drawing tech firms and entrepreneurs from all across the nation. Large technology companies like Asurion and ServiceSource, which is expanding its downtown sales center, have a strong presence, and there’s an influx of new software and digital firms moving into and expanding in the region, including ForceX, Drake Software, Pilgrim Consulting and TechnologyAdvice.
The $2.5 million TechTown facility, which will open soon, will be a place for creatives, innovators, entrepreneurs, technology and education. “This is a culmination of a 10-year dream,” TechTown CEO Cordell Carter II said. “We see this as almost a model for the nation … It’s a Chattanooga born and raised organization with national aspirations.” Just as Teach for America started small and then spread across the country, Carter said he thinks that Chattanooga’s TechTown can be replicated in other areas.
The University of Tennessee’s Health Science Center in Memphis is one of 12 recipients sharing about $5 million in funding from the U.S. Economic Development Administration. The monies are part of the 2014 “Science and Research Park Development Grants” that are used for feasibility and planning for the construction or renovation of science or research parks.
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