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May 12th, 2014

May 12th, 2014

Tennessee Innovation in the News

Tennessean: Charlie Brock: State a hotbed for investable companies
Tennessee early-stage companies have secured more than $430 million in capital investment over the past two years. This represents a nice growth curve over prior years and has really been a product of several factors: public funding initiatives such as TNInvestco and INCITE, more activity from in-state venture capital firms, the development of more angel funds throughout the state and, finally, more investment from out-of-state venture capital firms. With the myriad activities supporting entrepreneurship and innovation statewide, our entrepreneurs are gaining an increasingly high profile from investors across the state, region and country.Nooga: Gig Tank begins
This year’s Gig Tank officially started today, and there is a meet and greet scheduled for Wednesday at 5:30 p.m. Gig Tank is an entrepreneurial accelerator that draws national talent to Chattanooga each year for a 10- to 12-week program in which participants develop ideas for startup businesses. The entrepreneurs of Gig Tank 2014 will spend the next 11 weeks preparing 3-D printing, smart grid and health care startups to go to market. The meet-and-greet event will be at Waterhouse Pavilion at Miller Plaza, 850 Market St.The Daily Beacon: National Laboratory gives students work
Not all skills can be learned in a classroom setting. This is the void UT’s nearly 14-year-long partnership with Oak Ridge National Laboratory seeks to fill for UT students and graduates. Since April of 2000, UT-Battelle LLC has managed the nation’s largest open-science laboratory. Today, the university’s partnership with ORNL includes approximately 60 joint faculty members and more than 100 students working at the lab, according to its website…While the programs are available nationally, Wesh said the relationship between UT and ORNL could give UT students a competitive advantage…”UT’s program is incredible, it gives opportunities to students that they normally wouldn’t have: a job interning at a world-renowned facility,” said UT sophmore, Bryce Wesh. “And it’s available for any student of almost any major.”

Tennessean: PodCamp Nashville is mecca for digital talent
Have you heard of PodCamp Nashville? It’s a free “unconference” held each year to celebrate Nashville’s digital talent. It’s called an Unconference because of its open structure where anyone can present and everyone is considered equal. PodCamp brings together podcasters, bloggers, social media professionals, developers, designers and anyone who loves to create and consume content online. On Saturday, PodCamp Nashville will be celebrating its seventh year. Hundreds of outgoing technology enthusiasts will connect at Nossi College of Art and Design to learn, share and network with fellow Web professionals and novices…Registration is open only for a short time longer. Grab your spot at podcampnashville.org.

National Innovation in the News

The Next Web: 5 startup ‘rules’ entrepreneurs should ignore
As a mentor for 500 Startups and former CEO of Lexity (acquired by Yahoo in 2013), I’m often asked how to build a successful business. In many cases the entrepreneurs, I work with are launching startups with hefty goals of changing an industry – or in some cases the world. With these types of aspirations, there are certainly rules that can help startups get there, but these rules don’t necessarily work for all entrepreneurs. There are important distinctions to consider between startup founders and small business owners, who tend to take a very different path to success.

Forbes: Risk, Reward And Worst Case Scenarios: How Entrepreneurs Like Richard Branson And Tony Hsieh Call It
One of the most fascinating things aboutentrepreneurs is their attitude to risk. Whether you see a risky idea or proposition as an opportunity or a potential disaster is arguably what sets true and wannabe entrepreneurs apart. Many of those I’ve met over the years have taken decisions that had the potential to damage or even destroy their businesses, soI had to ask, when it comes to risk, how do you know where to draw the line?

New York Post: Is startup life giving millennials the blues?
But I’m not alone. Plenty of Gen Y-ers share my grass-is-always-greener mentality — and that entrepreneurial grass is particularly green now: 29 percent of all entrepreneurs are between 20 and 34 years old, according to a 2012 US Chamber of Commerce Foundation report. “Successful startups are all over the media,” explains Bryan Dik, a vocational psychologist and co-founder of jobzology.com, a site that matches job seekers with meaningful work. “And since lots of startups are run by millennials themselves, other millennials are seeing their stories and thinking they, too, could follow suit and run their own companies — it seems like such an attainable, reachable goal.”

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