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March 25th, 2014

March 25th, 2014

Tennessee Innovation in the News

Elevation DC Media: National spotlight: What smart cities can learn from Memphis
A smart city must play to its strengths and leverage its assets for future success. So says Allan Daisley, director of Entrepreneurship & Sustainability for theMemphis Bioworks Foundation and director of its ZeroTo510 medical device accelerator program. Both are located within the world class Medical Center, home to the University of Tennessee Health Science Center, Le Bonheur Children’s Medical Hospital and the VA hospital, to name a few. Industry leaders such as Smith & Nephew, Wright Medical and Medtronic have long taken advantage of Memphis’s position as America’s Distribution Center. Now Memphis is building on this strength. Others will follow as Bioworks, ZeroTo510 and start-up incubator Start Co. invest in and facilitate the rise of the next generation of innovators and game changers.

Teknovation.Biz: Guest Column: Start with What If
About a month ago, Launch Tennessee’s “The TENN” program held a celebration during which each of the selected TENN companies presented its final progress report. Survature received two tickets to South by Southwest (SXSW) Interactive as the prize for coming in as one of the top three most improved start-ups in “The TENN.” SXSW Interactive is the technology-themed portion of the SXSW festivals and conferences that celebrate emerging music, films, and start-up technologies. As someone who is living the start-up experience, I was excited to go…In the entrepreneurial community, we tend to equate entrepreneurialism with innovation and discovery. We celebrate innovators such as Thomas Edison, Henry Ford, the Wright brothers, and others, who imagined a new world of possibilities or more aptly what the future should look like. What if we can see at night? What if we can travel without horses? What if we can fly like birds?

Nashville Business Journal: Five cool things you missed at TEDx Nashville
Ever want to build your own R2D2? There’s an online community that can help you every step of the way. That’s just one of many (potentially life-changing) bits of knowledge that got dropped at the fifth annual TEDx Nashville, held this weekend at the Tennessee Performing Arts Center. If you weren’t able to make it — tickets sold out within about 10 days last month — videos will be available on the conference’s website in the next 30 days. But if you can’t wait that long, here’s my take on the Top 5 things you missed.

National Innovation in the News

Forbes: Why Mutual Trust Matters In Investor-Startup Relationships
Fluhr says the relationship between an entrepreneur and investor is a long-term commitment. The qualities an entrepreneur brings to the table—like persistence, leadership, scrappiness and honesty—will be recognized and eventually set the stage for success. But of all the key traits, honesty is at the top. “It’s a common thread in all business—whether hiring an employee, or a new vendor. Trust is a key component.”

CNN Money: The Epic Exit: Why mobile startups are acquired
Last month, Facebook set the tech world ablaze with its $19 billion acquisition of messaging service WhatsApp, which is expected to reach 1 billion users in the next couple of years. Given the impressive numbers and reach, it’s no surprise the company was acquired. The news received extensive media attention not only because of the scale of the deal, but also because acquisitions of mobile startups are relatively rare; the vast majority toil in relative obscurity. Which raises the question: Why do a few mobile startups, such as WhatsApp, achieve incredible outcomes while the majority fail?

Tech Cocktail: More than a Curriculum: How Do We Determine the “Real” Entrepreneurship Programs?
In almost every aspect of life, college campuses are microcosms of the real world, especially when it applies to startups. By now, a number of startup leaders and experts have determined that universities are one of the best places to launch a business; the combination of a highly motivated generation and the “fail proof” model of creating a startup in college seem to be the major factors pushing this trend. The Kauffman Foundation reported that 253 schools taught entrepreneurship in the 1980’s compared to more than 2,000 universities today. This rise in entrepreneurship curricula shows an effort from universities to match the demand of students who want enhance their knowledge of the inter-workings of any startup…So how do we truly determine the “real” college entrepreneurship programs from just the schools that just offer curricula?

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