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November 13th, 2015

November 13th, 2015


38 Ideas to Improve Nashville, Brought to You by City Entrepreneurs
Nashville Business Journal
Nashville-area entrepreneurs have 38 suggestions for new Mayor Megan Barry. A bit of background: the Nashville Entrepreneurs’ Organization surveyed its 155 members on ideas to improve Nashville and the top issues facing the city. The survey, presented to Barry on Tuesday, was a response to Barry’s inaugural speech in September, when she repeatedly asked for input from stakeholders and citizens across the city on the city’s most pressing issues. For starters: The top issue on the minds of entrepreneurs is … traffic.

GrowthX Partners Eye $50MM Fund, Visit Nashville Startups, Investors
Venture Nashville Connections
GrowthX, the San Francisco-based micro-VC with a locally-based partner now operating from the Nashville Entrepreneur Center (EC), has most of its partners in town this week, scouting startups, visiting potential investors and working with accelerators. Venture Nashville has learned four of GrowthX’s five partners are here to provide accelerator training for members of LaunchTN’s The TENN cohort; and, the company is preparing to support ProjectMusic, which is backed principally by the EC and the Country Music Association (CMA); and, to support Ingram Content Group’s publishing accelerator, 1440, which also operates from the EC.

LEDIC Expansion in Memphis to Create 300 Jobs
Memphis Commercial Appeal
Real estate company LEDIC plans to add 300 employees in Tennessee, including 100 at a high-tech new headquarters proposed in East Memphis, with the help of state and local incentives. State Commissioner of Economic and Community Development Randy Boyd, flanked by Greater Memphis Chamber and local officials, announced LEDIC’s $10.2 million expansion Wednesday. “It’s always exciting when any company decides to expand and grow in your home state,” Boyd said. “It’s particularly exciting to see a fellow Tennessean, a company that was started in Tennessee, that can make an additional commitment to this state.”

Tech901 Advances Technology Careers
High Ground News
A new Memphis nonprofit organization has launched with the goal of increasing technology jobs in the city over the next 10 years. Tech901 is a technology job training and job development organization that over the next 10 years looks to expand technology-related jobs from the current 6,000 to some 10,000 in the Memphis area. Co-founders Robert Montague, Executive Director, and Steve Denegri, Chief Operating Officer, formed the organization with the goal of training the Memphis workforce while working to recruit new technology jobs to the city. Tech901 will facilitate new job training and company job growth and support code-based K-12 teacher training.

Personal Challenge Drove the Evolution of FunLPro Device
The tagline for this Knoxville-based start-up says it all – “Pop, Pull, Pour.” The company is FunLPro, and its inaugural offering is a patented product that allows users to safely, accurately and easily dispense fluids into difficult areas, thanks to a novel funnel that is built into the container. Like many new companies, FunLPro came about as the result of a challenge that Bryan Crosby and his father, Gary, faced with an older car hauler they were using in one of the latter’s businesses. “Dad and I ran back and forth to car auctions,” the younger Crosby said. They were buying vehicles for a used car lot the father ran in Maryville. The car hauler regularly needed oil and other fluids, a frequently messy process, even if you can find a clean funnel at the time it is needed. “We never had the funnel when we needed it, or it was contaminated with another fluid and needed to be cleaned before use.” He explained. “We thought there had to be a better way.”

Three local organizations are bringing entrepreneur, venture capitalist, author and Slow Money Institute founder Woody Tasch to Chattanooga next week. “Social entrepreneur Woody Tasch started Slow Money as an innovative approach to local investing and supporting a local economy,” Lisa Flint with Chattanooga nonprofit the Footprint Foundation, one of three organizations bringing Tasch to town, said via email. “His visit complements the discussions taking place about Chattanooga’s innovation economy.” The Footprint Foundation, BenwoodFoundation and Causeway are organizing the event. Using Slow Money as an example, Tasch will discuss the idea of patient capital and explain how efforts involving local investing, civic engagement and our food systems can intersect for a greater purpose.

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