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May 7th, 2014

May 7th, 2014

Tennessee Innovation in the News

Event: Hackeroo – Sign up today to hack your way to Bonnaroo!
Sign up for Hackeroo, Bonnaroo’s hackathon, for your shot at the music and technology experience of a lifetime. Hackeroo is being held a month in advance of Bonnaroo this year so that the winning team’s project can have time to be integrated into the official Bonnaroo mobile app and marketed to the 100k fans in attendance and many more around the world. The winning team gets VIP passes for the festival, plus tons of other support from local and national companies to make your winning idea a real application. Hackeroo starts Saturday, May 10th at 9am and wraps Sunday, May 11th at 7pm and will held at Emma’s office in Nashville.

Event: CSG State Entrepreneurship Days
CSG State Entrepreneurship Days is presented by The Council of State Governments’ State Pathways to Prosperity Initiative and Senate Majority Leader Mark Norris, 2014 CSG National Chair. The entrepreneurial spirit drives the economy forward, but bringing a new product or service to market can be a daunting prospect for innovators—from gaining access to capital to navigating the legal and regulatory landscape. The Council of State Governments, in partnership with the Ewing Marion Kauffman Foundation, will host a half-day session on Tuesday, May 13, 2014 from 10:00 AM to 3:00 PM at the FedEx Institute-University of Memphis that will feature experts, practitioners and national thought leaders as we explore state-based solutions for increased entrepreneurship. Click here to register. 

Nashville Post: Cumberland, Chinese company invest $2M in incubator
Cumberland Pharmaceuticals and China’s Gloria Pharmaceuticals announced today that each company has invested $1 million in the Cumberland Emerging Technologies incubator to accelerate the pipeline of new pharmaceutical products.  The investment will fund new biopharmaceutical research and development with Cumberland Emerging Technologies’ academic partners — Vanderbilt University, the University of Tennessee, the University of Mississippi, Washington University and the University of Virginia. “[The funds] can help accelerate the existing programs and pay for things like manufacturing, formulation, development and patient testing for some of CET’s most interesting programs,” said A.J Kazimi, CEO of Cumberland Pharmaceuticals.

Memphis Daily News: Entrepreneur Day Spotlights Power of Innovation
Already in recent weeks, Moziah “Mo” Bridges, the 12-year-old founder of the Memphis-based Mo’s Bows bow tie business, has appeared on the hit ABC show “Shark Tank.” If the exposure alone wasn’t enough, Bridges also impressed fashion mogul and “Shark Tank” panelist Daymond John into offering to mentor him. Next up – in addition to continuing to build his business, of course – Bridges will be a special guest speaker next week at the Tennessee Entrepreneur Day at the FedEx Institute of Technology at the University of Memphis. The May 13 conference is being sponsored by the Ewing Marion Kauffman Foundation and The Council of State Governments, the latter of which Tennessee Senate Majority Leader Mark Norris is the 2014 chair.

Teknovation.Biz: “Big Idea” now has nine semi-finalists
The latest round of presentations has been completed, the teams have been selected, and now it is time for several weeks of the intense personal coaching that is the hallmark of the “What’s the Big Idea?!” business plan competition. During a mini-pitch event Tuesday afternoon, 12 aspiring entrepreneurs outlined their ideas to a three-member panel of judges who listened intently, asked a number of questions, and formed opinions on the viability of the concepts they were presented…Each judge would shift to a mentor or coaching role over the next seven weeks, working with their three favorite ideas to help better prepare the entrepreneurs for success in the next rounds of “What’s the Big Idea?!” and success beyond the competition’s finale on June 24…Next up are the “Knock-Out Competitions” set for June 3. This round pits three entrepreneurs against each other, one from each team, in three separate rounds. A panel of independent judges narrows the nine to three – one from each coaching group – for the June 24 finale. The grand prize is $10,000 to help defray start-up costs, office space, and complimentary business services.


National Innovation in the News

Re/Code: “Silicon Valley” and Lessons for Today’s Tech Startups
Nobody is watching HBO’s new hit series “Silicon Valley” more closely than the Valley and the tech community itself. Though my company and I are not officially based in the Valley, it’s hard not to chuckle at the dramatized situations the characters face, infused with developer lingo and geeky humor. We’ve all seen and heard it… Though I must admit that the real tech industry isn’t always so glamorous (sorry to break it to you, but toga parties with performances from Flo Rida and billionaires vying for the algorithm you developed aren’t everyday occurrences), I still can’t help but want to lend Richard and his buddies some advice. Some of the decisions they’ve made have been cringe-worthy, to say the least, but there are some real-world lessons to be learned from the young CEO’s missteps.

Forbes: How Startups Can Land Big Partnerships
Behind many great companies you’ll find key partnerships that came during the early years. This was the case with Microsoft, which secured a deal with IBM. It was also the case with Yahoo, which forged a partnership with Netscape. But for a startup, it can be tough to get the attention of a mega operator. So what to do? Well, to get some insight on this, I recently interviewed Q Beck, who is the co-founder and CEO of Famigo, which has a platform for families to discover, manage and enjoy content and applications on smartphones and tablets. Some of the partners include global brands like AT&TT, Chevrolet, Sony and United Way. So here’s what he had to say…

Tech Guru Daily: Cisco investing $150 million in early stage startups
Cisco Investments has allocating an additional $150 million over the next two to three years to fund early-stage companies and is focused on what the company refers to as next horizon “themes” to accelerate the development of disruptive technology markets, including big data and analytics; IoT; connected mobility; storage; silicon; the content technology ecosystem; and India innovation…The Internet of Things is a big company play to take a hand in connectivity of devices particularly as cheaper hardware technologies and wireless networking technologies become ubiquitous. The concept of being able to collect data remotely and continuously creates an enormous opportunity for Cisco to sell networking gear to expanding network users.

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