Welcome Visitor Friday, September 4, 2015
News & Views

Tullahoma: JusticeXL accelerator announces inaugural 12-startup cohort | JusticeXL, Dan Marcum, Jerry Wright, Southern Middle Tennessee Entrepreneur Centers, SMTEC, economic development, AutoXLR8R, Affidata Solutions, Ballisticks, Corvus Technologies, ICE Blackbox, Innertainment Delivery Systems, Kain, Perez Forensic Strategies, RED-EHS, REDOUBT4, Seke, US Material Converters, Israel, accelerators, startups, JusticeXL, law enforcement, justice, courts, security, cybersecurity, video, surveillance, monitoring, armor, weapons, hardware, software, enforcement, whistleblowing, inventory control, healthcare, clothing, wearables, safety, prisons,
Tullahoma: JusticeXL accelerator announces inaugural 12-startup cohort

Dan Marcum and Jerry Wright announce the first flight of entrepreneurial teams.


Milt Capps

Visit our sister site at Venture Nashville Connections | Venture Nashville Connections
Visit our sister site at Venture Nashville Connections

Visit other recent articles here, then just click the headline above for VNC coverage since 2008.


TN's AgLaunch entrepreneurship event to mark progress toward activation | AgLaunch, Steve Bares, Pete Nelson, Agriculture, agribusiness, startups, accelerators, LifeScience Tennessee, LaunchTN, Tennessee Technology Development Corporation, TTDC, legislatures, General Assembly, NextFarm, Scott Massey, Global Action Platform, SlowMoney, GAP Summit, Fareed Zakaria, AgriTech, economic development, Northwest Tennessee Entrepreneur Center, Ag Innovation Development Group, Gov. Bill Haslam, Rep. Stephen Fincher, Julius Johnson, Mid-South Family Farms, Bobby Goode, Memphis Bioworks Foundation, Vanderbilt University, Tennessee State University, Fareed Zakaria, Bullpen Ventures, SlowMoney, Jumpstart Foundry, Austin Peay State University, UT-Martin, University of Tennessee Institute for Agriculture, Middle Tennessee State University, Memphis Bioworks Foundation,
TN's AgLaunch entrepreneurship event to mark progress toward activation

Seed funding, plus a targeted $10MM innovation warchest are highlighted.


Milt Capps edit 5:46pm

Lipscomb University's Leadership Tennessee initiative gets $750,000 Gates Foundation grant to expand programs | Leadership Tennessee, Lipscomb University, Nelson and Sue Andrews Institute for Civic Leadership, Bill & Melinda Gates Foundation, Randolph Lowry, Cathy Cate, Teresa Sloyan, Hyde Family Foundations, Civic engagement, leadership, cities, regions, community engagement, policy, government, Randy Boyd, economic development, College of Leadership and Public Service, postsecondary, education, Candace McQueen, Joe DiPietro, Steve Joiner,
Lipscomb University's Leadership Tennessee initiative
gets $750,000 Gates Foundation grant to expand programs

Statewide civic-engagement gets another boost.


Submitted

GigVision: Chattanooga's Company Lab unveils GigTank Class of 2015 | Mike Bradford, Alex Lavidge, GigTank, The Company Lab, Chattanooga, broadband, VorText, Global Security Information Analysts, PlanIT Impact, Performatix, MFORCE, Paradrop, Cloud, Evolvr, real estate, Makers, manufacturing, 3D, local flows, virtual reality, VR, Branch Technology, construction, Engajer, video, analytics, wi-fi, beacons, Cansoft Communications, Architecture, environment, green, bluefield, content, Bluetooth, BDI Labs, MediaBit, AI, Ark Labs, artificial intelligence, Adagion, audio production, University of Tennessee at Chattanooga, US Ignite, Matter Cafe, Axon Dynamics,
GigVision: Chattanooga's Company Lab unveils GigTank Class of 2015

GigTank raised the bar for diverse entrants this year.


Milt Capps Updated 28 July 2015; originally published May 12, 2015

People: First EPIcenter Memphis Presidentnow deep in community engagement | Memphis Bioworks Foundation, Innova Memphis, Startco, Steve Bares, Leslie Lynn Smith, Techtown, economic development, incubators, accelerators, Seed Hatchery, Sky High, U3 Advisors, Leigh Shockey, Memphis Chamber of Commerce, J.R. Pitt Hyde, Pitt Hyde, Innova Memphis, Emerge Memphis, EDGE, Crews Venture Lab, Crews Center for Entrepreneurship, University of Memphis, EPIcenter Logistics Innovation Acceleratgor, FedEx, Allan Daisley, National Business Incubation Association, Chairman's Circle, startups,
People: First EPIcenter Memphis President
now deep in community engagement

Strategic recommendations for Memphis ecosystem may be forthcoming by Labor Day.


Milt Capps

SeedHatchery: DivorceSecure raising capital to reduce pains of parting | Hirsch Serman, DivorceSecure, SeedHatchery, Startco, Eric Matthews, Mara Lewis, Carla Balch, John Ogle, Charles Hurst, Al Pickett, Andrew Fowlkes, Regions, Patricia Chavetz, Stephen Libby, Michael Burnham, David Katz, Clio, WeVorce, Y-Combinator, Noam Davidovics, pitching, Demo day, lawyers, legal services, software development, platform, divorce, estate planning, financial planning, Regions,
SeedHatchery: DivorceSecure raising capital to reduce pains of parting

Tech platform aims to crowd-out dusty paper-based legal processes.


Milt Capps

AutoXLR8R at Tech2020 announces 3rd startup cohort | SRM, CBA, OptoLogistics, CASCI, The PT Solution, The Smart Seat, Sleep On Trucking, Drive & Live, IVRTrain, AutoXLR8R, Jim Brewer, Josh McMillan, Mustafah Varzaneh, Ricardo Valanzuela, Donald Suiters, Daniel White, Emanuel Fierimonte, Ravi Venkataraman, Tech2020, Technology 2020, accelerators, simulators, training, logistics, analytics, manufacturingf, supply chain, safety, trucking, drivers, Jack Sisk,
AutoXLR8R at Tech2020 announces 3rd startup cohort

Relocated from Tullahoma to Oak Ridge, the program continues.


Staff

Update: DataFlyte reviews bridge-round checklist, charts Series A | Jack Dischner, DataFlyte, Dan Morse, Y12 Federal Credit Union, Geoff Robson, Degrees Business Development, Lighthouse Fund, John Morris, Blank Slate Ventures, Chattanooga Renaissance Fund, UAV, drones, unmanned aerial vehicles, aircraft, smart meters, automated meter reading, electric power, electricity, water, gas, utilities,
Update: DataFlyte reviews bridge-round checklist, charts Series A

Aerial automated meter readings are its niche among water, gas utilities.


Milt Capps

Aug. 11, 2015: Knoxville's MediaWorks announces presenters | Knoxville Entrepreneur Center, MediaWorks, Pictograph, Menu Magic, Instartly, Evolvr, Emcapture, Baracksdubs, Pictograph, startups, demo day, RESQUE, Children's Media Studio, SolidPick, WDVX,
Aug. 11, 2015: Knoxville's MediaWorks announces presenters

MediaWorks in Knoxville was great fun last year - here it comes again.


Submitted press release from Knoxville Entrepreneur Center

JusticeXL startup accelerator program debuts in Tullahoma at Southern Middle Tennessee Entrepreneur Centers | Dan Marcum, Turner Nashe, Jerold "Jerry" Wright, Karen Tackett, Southern Middle Tennessee Entrepreneur Centers, SMTEC, AutoXLR8R, Tech2020, Innertainment Delivery Systems, IDS, prisons, corrections, security, military, law enforcement, JusticeXL, accelerators, Fran Marcum, NEST-TN, Relevance Capital, J2 Software Solutions, TNInvestco, Jason Denenberg, Innertainment Delivery Systems, IDS,
JusticeXL startup accelerator program debuts in Tullahoma
at Southern Middle Tennessee Entrepreneur Centers

[Updated] Aug. 14 deadline. Dan Marcum pushes law-enforcement, security program forward.


Milt Capps updated 3pm July 20, 2015

Eastate: Venture advisor offers updates on Angel Roundtable, FundingSage | Anthony Lettich, Tony Lettich, FundingSage, the Angel Roundtable, Johnson City, Kingsport, Angel Syndicates Central, Dick Reeves, Andrew Forsdick, Angel Syndicates Central, Blackburn Childers Steagall, Addison Capital Advisors, Telco Television, Wilson Worley, William Lewis, Travis McMurray, Kevin Ewers, Dave Clark, Ken Frohlich, Matthew Cleek, Intellithought, advisors, Sid Chambless, Jason Denenberg, LaunchTN, Nashville Capital Network,
Eastate: Venture advisor offers updates on Angel Roundtable, FundingSage

TN group has joined Angel Syndicates Central, startup eyes late 2015 capraise.


Milt Capps

Memphis: ZeroTo510 medical-device accelerator  | ZeroTo510, Memphis Bioworks Association, Jessica Taveau, SweetBio, SiteSaver, GlucosAlarm, Inspire Living, LaunchTN, MB Venture Partners, Allan Daisley, medical devices, healthcare, EPICenter, Memphis,accelerators,
Memphis: ZeroTo510 medical-device accelerator

The fourth cohort of medical-device startups underway this week.


Memphis Bioworks Press Release

36|86: LaunchTN reveals 36 companies presenting June 8-10 in Nashville | LaunchTN, 3686, Tennessee Technology Development Corporation, startups, TTDC,
36|86: LaunchTN reveals 36 companies presenting June 8-10 in Nashville

From hundreds of applicants, 36 companies present next month in Music City


Staff

Feds greenlight VCs Meritus Kirchner & Innova Memphisto pursue $125MM+ for new rural-oriented funds | Innova Memphis, Meritus Ventures, Grady Vanderhoofven, Ken Woody, investment, venture capital, rural, agriculture, Department of Agriculture, Economic Development Administration, Tom Vilsack, government, Seed stage, growth stage, Farm Credit Administration, USDA, Life Science Tennessee, Pete Nelson, Ag Innovation Development Group,
Feds greenlight VCs Meritus Kirchner & Innova Memphis
to pursue $125MM+ for new rural-oriented funds

Seed, Early- and Growth-stage startups may all benefit from USDA RBIC effort.


Milt Capps

Shockwave Motors eyes $1.5MM raisefor Defiant electric roadster production | Shockwave Motors, automobile, John McMillian, Carrie Fair, Normand Rheault, manufacturing, transportation, battery, China Aviation Lithium Battery, CALB, Cayenne Consulting, Elio Motors, Polaris Industries, Slingshot, Defiant, SunTrust, Jack Atkins, Carrie Fair, University of Tennessee, Keurig Green Mountain,
Shockwave Motors eyes $1.5MM raise
for Defiant electric roadster production

Co-founders turn erstwhile hobby into potentially disruptive autocycle play.


Milt Capps

New Tech2020 CEO sees KVL-Oak Ridge ecosystem growing more cohesive | Knoxville Entrepreneur Center, Kevin Kragenbrink, Jim Biggs, University of Tennessee Research Foundation, UTRF, Oak Ridge National Laboratory, Tech2020, Technology 2020, economic development, technology transfer and commercialization, mentoring, incubators, entrepreneurs, John Morris, venture capital, Seed capital, funds, grants, California State University, Inland Empire Center for Entrepreneurship, military, US Army, Tom Rogers, Shawn Carson, mentors, AutoXLR8R, Southern Middle Tennessee Centers for Entrepreneurship, SMTEC, Grady Vanderhoofven, Meritus Ventures,
New Tech2020 CEO sees KVL-Oak Ridge ecosystem growing more cohesive

Kragenbrink aims to add value for entrepreneurs, while teaming with institutions.


Milt Capps

Update: Innova Memphis seeks Fed'l certification ahead of new fund raise | agriculture, AgSmarts, Jan Bouten, Memphis Bioworks Foundation, investment, capital, Farm Credit System, Department of Agriculture, fundraising, TNInvestco, Advantage Capital Partners, Enhanced Capital Partners, venture capital, early stage,
Update: Innova Memphis seeks Fed'l certification ahead of new fund raise

If successful, new fund could pump up to $40MM into leading-edge Ag-sector ventures.


Milt Capps

CEO: AgSmarts eyes Series A raise as 'Precision Agriculture' interest grows | AgSmarts, AgSense, AquaSpy, agriculture, precision agriculture, big data, analytics, Baker Donelson Bearman Caldwell & Berkowitz, First Tennessee, Clayton Plymill, Debbie Hylander, Amy Brackstone, Chris Sloan, Tony Alexander, Matt Heiter, Cultivian, OnFarm, Innova Memphis, government, USDA, Brett Norman, Monsanto, Climate Corporation, venture capital, investment, investors, software, information technology, Internet, irrigation, water, environment, waste water, Innova Memphis, Kele Inc., NextFarm, Northwest Tennessee Entrepreneur Center, NWTEC, TNInvestco, Enhanced Capital Partners, Advantage Capital Partners, USDA, Department of Agriculture, University of Memphis, LaunchTN, CAPCO, capital formation, Pete Nelson,
CEO: AgSmarts eyes Series A raise as 'Precision Agriculture' interest grows

Data-driven Ag platform said well-positioned to compete in emerging sector.


Milt Capps

VC- and Tech2020-led TennesSeed eyes capraise, regional investments | Grady Vanderhoofven, Meritus Ventures, LaunchTN, Tennessee Technology Development Corporation, Vanderbilt University, University of Tennessee, University of Tennessee Health Science Center, University of Tennessee Research Foundation, UTRF, Tech2020, Tom Rogers, Oak Ridge National Laboratory, ORNL, Ken Woody, Memphis Bioworks Foundation, University of Illinois, Oregon Nanoscience and Microtechnologies Institute, ONMI, Georgia Tech Research Alliance, Oklahoma Innovation to Enterprise, i2E, Maryland Technology Development Corporation, TEDCO, Tech Columbus, Michigan Economic Development Corporation, John Morris, Kevin Kragenbrink,
VC- and Tech2020-led TennesSeed eyes capraise, regional investments

New fund is likely to benefit Tennessee as a priority, but it is not geo-constrained.


Milt Capps updated 9:53 p.m.

Covenant College influences Chattanooga entrepreneurial scene | GigTank, Chattanooga, Charlie Brock, Frank Brock, Marshall Brock, Clumpie's Ice Cream Co., Covenant College, entrepreneurs, community, social enterprise, Christianity, Presbyterian Church of America, PCA, Telos Venture Capital, Seed Project, Company Lab, Co.lab, Co-starters, Sheldon Grizzle, Enoch Elwell, Spartan Ventures, Blank Slate Ventures, Brock Candy, Leda Goodman, Greyfriars Coffee, TriCycle, 3HD, Spire, Life Kraze, Chattanooga Football Club, Fancy Rhino, Chattanooga Football Club, Judaism, Buddhism, Islam, social justice, compassion,
Covenant College influences Chattanooga entrepreneurial scene

It's not lore that propels this institution's reputation as a place whence problem-solvers come.


Milt Capps and Meghan O'Dea

Innovasan scenario includes Series A+B, doesn't rule-out future IPO | medical devices, pharmaceuticals, environment, water, surgery, sewage, healthcare, SteriCycle, Stryker, technology, Jeffrey Hubrig Jr., Jeffrey Hubrig, Innovation Services, Ellen Hubrig, Joseph Dooley, Oak Ridge National Laboratory, ORNL, University of Kansas, Defense, investors, venture capital, Lockheed, Southeast BIO, SEBIO, Life Science Tennessee, Will This Float?, New England Venture Summit, Luedeka Neely, Henderson Hutcherson McCullough, Ackerman PR, Innovation Services, Company Lab, Cardinal, Beamis, Skyline, Streamway, Arthur J. Gallagher Co., insurance, risk management, Innovasan,
Innovasan scenario includes Series A+B, doesn't rule-out future IPO

Seeking 'standard of practice' status, patient Knoxville startup prepares to touch all the bases.


Milt Capps

Marcum confirms Tennessee's AutoXLR8R moving to Tech2020 at Oak Ridge | AutoXLR8R, automotive, Tech2020, Technology 2020, Shawn Carson, Dan Marcum, Fran Marcum, economic development, accelerators, Southern Middle Tennessee Entrepreneur Centers, SMTEC, Gov. Bill Haslam, Jason Denenberg, entrepreneurs, Micro Craft, Oak Ridge National Laboratory, ORNL, University of Tennessee, UT Research Foundation, President Barack Obama, advanced manufacturing, composites, IACMI, Institute for Advanced Composites Manufacturing Innovation, startups, investment, corrections, law enforcement, defense, Vanderbilt University School of Engineering, Relevance Capital, TNInvestco, Clodico, CyberLoop, Platematch, APLAIR, New Hybrid, NoWire, Jason Denenberg, Gov. Bill Haslam, Gov. Phil Bredesen, Gov. Don Sundquist, Nicholas Ng, Kevin Kragenbrink, Joy Fisher, Robert Watts, Taylor Wilkins, David Johnson, Jason Gupta, Biz Foundry, Upper Cumberland Entrepreneurial Foundation
Marcum confirms Tennessee's AutoXLR8R moving to Tech2020 at Oak Ridge

Accelerator's regional mission to be continued after 3 years in Tullahoma


Milt Capps

Leslie Lynn Smith: Detroit transformer hired to lead EPICenter in Memphis | EPICenter, Memphis, Steven Bares, Memphis Bioworks Foundation, Leslie Lynn Smith, economic development, innovation
Leslie Lynn Smith: Detroit transformer hired to lead EPICenter in Memphis

Bioworks Steve Bares announces the news-making appointment


Press Release

Long Haul: With $5MM capraise, Knoxville's IdleAir may shift to higher gear | Convoy Solutions, Ethan Garber, turnarounds, trucking, transportation, investment, Bear Stearns, IdleAir, IdleAire Technologies Corporation, Stephen Smith, green, federal government, air quality, environment, Shorepower Technologies, Tesla Motors, international, Jefferies, Lehman Brothers, Credit Suisse, The Seaport Group, Yale Klat, Stan Pickering, TD Bank, Smart Bank, Bank of America, Brooklyn Outreach Center Network, Brian MacDonald, Stephen Sander, Geoff Rubin, Tom Steiglehner, Jeremy Mindich, Canada Pension Plan Investment Board, TPG, Scopia Capital, Mike Fielden, Sydney Capital, Sydney Group, Hembree Contracting,
Long Haul: With $5MM capraise, Knoxville's IdleAir may shift to higher gear

CEO broadens this new-era company's footprint, leverages existing assets, and enters Mexico.


By Larisa Brass and Milt Capps edit 8:03 a.m.

Inner Circle: Executives aboard for IdleAire Technologies' 2008 Chapter 11 | IdleAire Technologies, IdleAir, Michael Crabtreet, David Everhart, Lana Batts, Dan H. Felton III, Thomas F. "Mac" McLarty, President Bill Clinton, Steve Kirkham, Lewis Frazer, Holland Knight, Sullivan Hazeltine Allison, CRG Partners Group, Gordian Group, Williams Anderson, Convoy Solutions, Ethan Garber, bankruptcy, Chapter 11, leadership,
Inner Circle: Executives aboard for IdleAire Technologies' 2008 Chapter 11

Everyone's still working at something, years after an earlier venture crashed.


Milt Capps

Owners of TNInvestco-backed Hubble Telemedical exit in sale to Welch Allyn  | Larisa Brass, Welch Allyn, TNInvestco, capital, mergers and acquisitions, investment, startups, healthcare, telemedicine, Chuck Witkowski, MB Venture Partners, diabetes, medicine, diagnostic devices, technology, INCITE, LaunchTN, Tennessee Technology Development Corporation
Owners of TNInvestco-backed Hubble Telemedical exit in sale to Welch Allyn

The first exit for the fund affiliate with Memphis-based MB Venture Partners.


Larisa Brass, Correspondent Updated 10:16 a.m.

Financial Tech accelerator idea discussed for NVille-TN
Financial Tech accelerator idea discussed for NVille-TN

VNC The idea of a new Financial Technology FinTech accelerator or program taps into energy.


VNC Milt Capps

Mobile in Memphis: SynapsePay's backers give Fintech startup rare footing | Synapse Pay, Mike Hoffmeyer, Crews Center for Entrepreneurship, FedEx Institute, University of Memphis, Bryan Keltner, entrepreneurs, Sankaet Pathak, Angel investors, capital, Seed stage, FDC, First Data Corporation, KKR, Kohlberg Kravis Roberts, mobile, Apple Pay, payments, networks, Farris Bobango, The Marston Group, Independence Bank, FireHost, Paytopia, Electracash, My Payment Network, FinTech, financial, Doug Marchant, Jeff Webb, Hilliard Crews, Seed capital,
Mobile in Memphis: SynapsePay's backers give Fintech startup rare footing

[Updated] In the red-hot mobile payments space, this startup has Master Mentors.


Milt Capps Updated May 22, 2015

Made in Chattanooga: SIGNiX eyes 'early growth-stage' capital raise | SIGNiX, Pem Guerry, Gary Peat, DocuSign, EchoSign, Silanis, venture capital, growth stage, Adobe, Chattanooga, entrepreneurs, ProNvest, Focus Investment Bank, Focus Securities, Baker Donelson Bearman Caldwell & Berkowitz, Morris Manning Martin, Henderson Hutcherson McCullough, Council Capital, NEST-TN, TNInvestco, INCITE, LaunchTN, Tennessee Technology Development Corporation, TTDC, INCITE, Kent Cooper, Tom Christian, John Harris, Finetre
Made in Chattanooga: SIGNiX eyes 'early growth-stage' capital raise

e-Signatures entrant next seeks to get VCs to sign some checks.


Milt Capps

Memphis StartCo CEO updates Angel, Accelerator plans | StartCo, Upstart, Zeroto510, FedEx, logistics, medical devices, B2B, information technology, software as a service, SaaS, women, entrepreneurs, Angel investors, capital raise, Seed Hatchery, Eric Mathews, accelerators, EPICenter, Memphis Bioworks Foundation, StartQ, eDivv, Pickle, Cabsolutely, Graph Story
Memphis StartCo CEO updates Angel, Accelerator plans

A robust new event will kickoff the StartCo accelerator Summer, in May.


Milt Capps Updated

FedEx pledges $750K for logistics accelerator in Memphis EPICenter | Memphis Bioworks Foundation, EPICenter, Greater Memphis Chamber of Commerce, Chairman's Circle, logistics, supply chain, FedEx, transportation, Start Co., SparkGap, accelerators, Crews Center for Entrepreneurship, FedEx Institute for Technology, technology transfer, commercialization, economic development, Richard Smith, Steve Smith
FedEx pledges $750K for logistics accelerator in Memphis EPICenter

[Updated] A plan by the Greater Memphis Chamber and its allies takes a big step forward.


Milt Capps Updated 3:57 p.m. CT

GigVision: Chattanooga pushes toward role as U.S. high-tech launchpad | The Company Lab, GigTank, GigCity, Alcatel-Lucent, EPB, Electric Power Board, gigabit, Internet, 3D manufacturing, software development, startups, entrepreneurship, investors, corporate ventures, Lamp Post Group, Innovation District
GigVision: Chattanooga pushes toward role as U.S. high-tech launchpad

Company Lab board has approved game plan for 2015 event, with increased corporate focus.


Milt Capps

Mid-TN plan boosts universities, entrepreneurs, accelerators + businesses | accelerators, LaunchTN, Tennessee Technology Development Corporation, TTDC, Charlie Brock, Tom Brewer, Tennessee Technological University, Tennessee State University, Vanderbilt University, postsecondary, commercialization, intellectual property, research and development,Cumberland Health Analytics, Thermofield
Mid-TN plan boosts universities, entrepreneurs, accelerators + businesses

Startup leaders, campus scientists and corporate intrapreneurs could gain advantage through MT-DRP


Milt Capps

JumpFund updates investments in women-owned startups | JumpFund, SuperfanU, Feetz, International Coffee Group, eDivv, Rooibee Red Team, Angels, investment, early stage, startups, Kayla Mount, Lucy Beard, GigTank, Heather Howell, Jennifer Stone, Casey Casterline, Rooibee Red Tea
JumpFund updates investments in women-owned startups

For today's JumpFund press release on recent investments, click the headline above.


Haslam Admin eyes AgLaunch support for TN rural entrepreneurs, growers | Bill Hagerty, agriculture, Julius Johnson, Louis Buck, Peter Nelson, Steven Bares, Memphis BioWorks Foundation, NextFarm, acceleators, seed capital, matching capital, LaunchTN, Tennessee Technology Development Corporation, TTDC, economic development, Gov. Bill Haslam,Ron Meeusen, Cultivian Sandbox Ventures, Ag Launch, Sytheros Communications, Jim Stratigos, Hivalgo, John Reams, Croptell, Scott Sartor, Climate Adaptive Genetics, James West
Haslam Admin eyes AgLaunch support for TN rural entrepreneurs, growers

[Updated] Commissioner Julius Johnson and a team including Memphis BioWorks will press forward.


Milt Capps Updated 18 Nov 2014

Bootstrapped Fiveworx eyes capital raise among growth-finance options | Patrick Hunt, Fiveworx, Knoxville Entrepreneur Center, KEC, Oak Ridge National Laboratory, technology transfer, commercialization, LaunchTN, The TENN, CleanTech, Southland, Tennessee Technology Development Corporation, venture capital, investment, bootstrapping, Squire Patton Boggs, Hines and Company, capital raise, startups, Shelton Group, Suzanne Shelton, Knoxville News Sentinel, Carly Harrington, Chuck Morris, Morris Creative Group, Mary Shaffer Gill, Tom Ballard, PYA Analytics, ARiES Energy, Angel Capital Group
Bootstrapped Fiveworx eyes capital raise among growth-finance options

This Shelton Group spinout gets tailwind from mandates in dozens of States


Hugh G. Willett, correspondent Updated Jan. 22, 2015

Oak Ridge: Tech2020 nears selection of Interim chief, ahead of CEO search | Tech2020, John Morris, technology transfer, Oak Ridge National Laboratory, University of Tennessee, University of Tennessee Research Foundation, UTRF, David Snider, Teri Brahams, Venture Incite, Solidus, Department of Energy, energy, Lighthouse Fund, Clearpath Ventures, Kevin Kragenbrink
Oak Ridge: Tech2020 nears selection of Interim chief, ahead of CEO search

[Updated] Kevin Kragenbrink was chosen Nov. 11 to serve as Interim Executive Director.


Milt Capps Updated 11 Nov. 2014 1810 EST

2nd Mid-TN tech council being formed by members from Nissan, others | Beth Duffield, Rutherford County Chamber of Commerce, Rutherford County Technology Council, Bryan Huddleston, Bondware, Middle Tennessee Electric Membership Corp., Nissan, AutoXLr8r, accelerators, economic development, workforce development, talent, computer science, postsecondary, Greater Memphis IT Council, Chattanooga Technology Council, Nashville Software School, WorkITNashville, Matt Largen
2nd Mid-TN tech council being formed by members from Nissan, others

The distance between Murfreesboro and Nashville hasn't gotten any shorter in recent years.


Milt Capps

Grizzle: TN concerns about follow-on capital needn't hamper smart Seed investing | Ben Wald, Sheldon Grizzle, ReadyCart, Jon Yarbrough, LaunchTN, economic development, Gov. Bill Haslam, Doug Overbey, TNInvestco, capital, investors, Black Snow Systems, Spartan Ventures, Spartan Systems, information, Chambliss Bahner Stophel, Life Science Tennessee, Jonathan Bragdon, Covenant College, athletics, entrepreneurs, Access America Transport, QuickCue, Jon Yarbrough, Video Gaming Technologies, VGT, Yarbrough Capital, Capital Strategies, Blank Slate Ventures, Company Lab, GigTank, GigCity, Chattanooga
Grizzle: TN concerns about follow-on capital
needn't hamper smart Seed investing

Portfolio company ReadyCart has $2MM Seed-capital raise underway


Milt Capps

Commercialization: UTRF, VU execs aim to raise awareness of TN's IP assets | David Milhorn, Jeffrey Balser, Sam Lynch, LifeScience Tennessee, healthcare, pharmaceuticals, analytics, University of Tennessee, UT Health Sciences Center, Vanderbilt University, Vanderbilt University Medical Center, Genera Energy, biofuels, technology transfer, commercialization, Oak Ridge National Laboratory, ORNL
Commercialization: UTRF, VU execs aim to raise awareness of TN's IP assets

Key University of Tennessee and Vanderbilt University execs discuss partnership, commercialization


Milt Capps

SeedHatchery: Graph Story maps Painpoint to Profits, gauges capital | Greg Jordan, Donald Jordan, Eric Matthews, Seed Hatchery, Start Co., Jeremey Kendal, software as a service, SaaS, David Weinstein, Eric Mathews, GaaS, Marston Group, Orion Federal Credit Union, Baker Donelson Bearman Caldwell & Berkowitz, CrowdPlace, 3RE, Charles Hurst, Chris Williams, Emil Eifrim, Neo Technology, databases, architecture, graphing
SeedHatchery: Graph Story maps Painpoint to Profits, gauges capital

Memphis startup has quickly established a presence, partly on founder's personal franchise


Milt Capps

Closeup.fm perseveres through strain of capital raise for its Music platform | Knoxville Entrepreneur Center, KEC, Austin Church, Nathan Fray, Angels, investors, venture capital, music, entertainment, sofware as a service, SaaS, booking, promotion, bands, artists, performers, fans, crowdbooking, crowdsourcing, Malcolm du Plessis, Jonathan Sexton, Mark Montgomery, Back Porch Group, Knoxville, Nashville, MediaWorks, Egerton McAfee Davidson Davis, Scott Beck, Blockbuster Entertainment, Tango, Gloo, High Country Ventures, Malcolm du Plessis, Burkhart, Closeup.fm, Elizabeth Byerly, Angels, Angel Capital Group,
Closeup.fm perseveres through strain of capital raise for its Music platform

Duo wants to develop crowdbooking platform and other tools in Knoxville, despite capital source


Milt Capps updated 4 May 2015

Angel Capital Group to acquire RAIN Source Management, raise capital | Angel Capital Group, Tech2020, Eric Dobson, John Morris, RAIN Source Management, Steve Mercil, RAIN Source Capital, capital, investment, Angels, investors, economic development, Appalachian Regional Commission, ARC, Scott Ewing, Rachael Qualls, Angel Capital Association, Lighthouse Fund, Clearpath, MediaWorks, Knoxville Entrepreneur Center, KEC, Venture360, TrakLok
Angel Capital Group to acquire RAIN Source Management, raise capital

[update] AGC could be active in a dozen or more states by mid-2015, CEO says


Milt Capps

Morris, Cruze create ClearPath Ventures to propel startups in KVL region | Guille Cruze, ClearPath Ventures, Lighthouse Fund, Tech2020, startups, technology transfer, commercialization, NetLearning, Sunlight Direct, information technology, softare as a service, SaaS, healthcare, The White Stone Group, Consultec Scientific, Thomson Delmar Learning, Thomson Reuters, Clinical Health Communications, Vocera Communications, trace, HealthcareSource, University of Tennessee
Morris, Cruze create ClearPath Ventures to propel startups in KVL region

Partners plan to invest mainly human capital in promising startups


Milt Capps

Life Science Tennessee announces Venture Forum presenting companies | Life Science Tennessee, investors, startups, Venture Forum, biotechnology, pharmaceuticals, medical devices, Waller Lansden Dortch & Davis, Kraft Analytics, Benchfly, Southland, healthcare, medicine, EndoInSight, Innovasan, 3D Operations, VDDI Pharmaceuticals, Sam Lynch
Life Science Tennessee announces Venture Forum presenting companies

Emerging life science companies from across the state will state their cases Oct. 21


Adapted from press release submitted

Destiny? Pro-gamer PHASE seeks Tennessee Seed capital, has backup ideas | Phase, Trackit, SeedHatchery, accelerators, startups, Ryan Cooke, Russell Walker, StartCo, capital, Seed stage, investors, gaming, digital, information technology, Destiny, Bungie, Trackit, Eric Mathews, Mara Lewis, Brad Montgomery, Brian Corrigan, Bill O'Connor, Baker Donelson Bearman Caldwell & Berkowitz, Clemson University, Tiger Angel Network, angels
Destiny? Pro-gamer PHASE seeks Tennessee Seed capital, has backup ideas

Tennessee isn't known for digital gaming startups, but Memphis startup aims to change that.


Milt Capps

HeadsUp: TN CRS private equity, Bioworks, Startup TN>Chile | TCRS, Tennessee Consolidated Retirement System, Memphis Bioworks Foundation, TCRS, startups, Upstart, StartCo, accelerator, Startup Chile, Layla Tabatabaie, investment, Andres Arslanian, Barter Sugar, Canaan Partners X, Steven Bares
HeadsUp: TN CRS private equity, Bioworks, Startup TN>Chile

Where money flows, money goes, and the state may've lost a startup prospect.


Milt Capps

The TENN: LaunchTN master accelerator 2014 Class members named | LaunchTN, Tennessee Technology Development Corporation, Feetz, AgSmarts, CloseupFM, eDivv, EndoInsight, FiveWerx, GraphStory, Healthcare MarketMaker, Play-Tag, Stony Creek Colors, accelerators, NextFarm,
The TENN: LaunchTN master accelerator 2014 Class members named

A second cohort, representing the pick of the state's accelerator litters, set off on a long march.


Latest move: Feetz Inc. dances its way into The Jump Fund's portfolio | Feetz, 3D manufacturing, additive manufacturing, fashion, licensing, LaunchTN, The TENN, The Jump Fund, Lucy Beard, Uli Becker, Jana Eggers, adidas, Reebok, Intuit, GigTank, accelerators, Founders Showcase, Southland, Khosla Ventures,
Latest move: Feetz Inc. dances its way into The Jump Fund's portfolio

[Khosla investment] Woman-led business garners the fund's first native Tennessee investment


Milt Capps Updated 27 March 2015

Dig!entertainment: Street Jelly Media raises capital to spread Jelly footprint | Frank Podlaha, MediaWorks, Knoxville Entrepreneur Center, Mike Carroll, Jim Biggs, entrepreneurs, music, entertainment, software as a service, SaaS, tipjars, fans, artists, software development, mobile, applications, startups, David Moorehous, Moorehouse Law Group, Highlands Union Bank, Padgett Business Services, technology, Innovation Enterprise, events, StreetJelly, Street Jelly Media,TEKSystems, Carp Data Service
Dig!entertainment: Street Jelly Media
raises capital to spread Jelly footprint

Entrepreneurs seeks investors who want to become JellyFish.


Milt Capps

Capital raise: Cabsolutely offers taxi consumers, operators an upgrade | Start Co., Upstart, accelerators, The Jump Fund, Golden Seeds, Virag Reti, Andras Simon, TPLA, Hungary, Ham Smythe IV, Mike Hoffmeyer, Crews Center, Naomi Batta, ArcherMalmo, Cabsolutely, Uber, Hailo, Apple, TaxiFinder, Cab4Me, TaxiMagic
Capital raise: Cabsolutely offers taxi consumers, operators an upgrade

HQ in Memphis, development team in Budapest, startup may be blessed by Universe.


Milt Capps edited 11:51 a.m.

Sky High startup Care2Manage aims to preserve caregiver mission | Ela Emami, Care2Manage, healthcare, eldercare, seniors, software as a service, SaaS, Start Co., Sky High, accelerators, University of Memphis, Warby Parker, Seventh Generation, Etsy, Patagonia, Baddour Center, Nibletz, Everywhereelse, behavioral services, David Baldwin, inDevelopment,
Sky High startup Care2Manage aims to preserve caregiver mission

Founder explores various corporate structures to support its sustained mission focus.


Milt Capps

Cliff Hawks: Cherokee Farm Innovation Campus not idling, but stealthy | research and development, Cherokee Farm Development Corporation, Cherokee Farm Innovation Campus, University of Tennessee, University of Tennessee Research Foundation, UTRF, Cliff Hawks, NeXovation, Nashville Superspeedway, Robert Sexton, Robb Sexton
Cliff Hawks: Cherokee Farm Innovation Campus not idling, but stealthy

Rumors abound, but the project's CEO keeps his powder dry and out of sight.


Milt Capps

Memphis: Crews Center for Entrepreneurship focuses on startup 'talent development' | Crews Center for Entrepreneurship, Mike Hoffmeyer, EMERGE Memphis, Memphis Bioworks Foundation, ZeroTo510, SeedHatchery, Eric Matthews, Angels, investors, Wolf River Angels, Start Co., FedEx Institute of Technology, University of Memphis, startups, accelerators, incubators, information technology, Paytopia, loyalty, payments processing, Electracash, Stiqrd, Greater Memphis Chamber of Commerce, SkyHigh, UpStart, NextFarm Agricultural Innovation Accelerator, Bioworks Business Incubator, Crews Venture Lab, Carolyn Hardy, Hardy Bottling, Gil Noble, Memphis Area Transit Authority, Kevin Boggs, technology transfer, commercialization, postsecondary, research and development, incubators, accelerators, John Bobango, Faris Bobgano, Mitchell Spurlock, Power Logistics and Freight Services, Ben Bryant, SCB Computer Technology, Cook Systems International, Sparkgap, Harriet Crews, business model canvas, fintech, investment, capital,
Memphis: Crews Center for Entrepreneurship
focuses on startup 'talent development'

CCE director brings lessons learned from his own startups, adjusted for the academic setting.


Milt Capps Updated 24 Aug 2015

KnoxEC: Vuture looks to wrap some VC money around Angels | Knoxville Entrepreneur Center, MediaWorks, Jim Biggs, Lewis Frazer, Regal Entertainment, Jonathan Sexton, software as a service, software development, KEC, Seed stage, capital, investment, Angels, investors, Hootsuite, mobile, application, app, venture capital
KnoxEC: Vuture looks to wrap some VC money around Angels

A $500K raise would help it aggressively address the Medical and Fitness sectors.


Milt Capps @miltcapps edit 5:45pm ET

KVL's ParOneTV hopes capital raise takes it all way to the Green | Knoxville Entrepreneur Center, KEC, Jim Biggs, James "J.R." Moore, Marty Brown, Seed stage, ParOneTV, Nashville Entrepreneur Center, Scott Rouse, Back Porch Group, Strategic Advice, Dead Horse Lake, Morris Creative Group, NewsBreak, Marty Brown, Dwight Hansen, Nalco-Champion, EcoLab, Leslie Wilson-Charles, Bob Charles, Carl Papa, Entrepreneurs Organization, Golf Galaxy, PGA Tour Superstore, Arthur Blank, Culver Schmid, Jonathan Sexton, Ready Cart, Keen Technology, FLOThinkery, Chris Downs, Golf Channel, ProCastWeather, Golf Club TV, Brian Rawlings, Mike Fabio, MediaWorks
KVL's ParOneTV hopes capital raise takes it all way to the Green

Initial platform soon goes live, with huge Golf universe to target.


Milt Capps edit 6:10 a.m. CT 12 Sept.

Renewables: ETN's Genera Energy has Series B capital raise underway | TennEra, Genera Energy, University of Tennessee Research Foundation, UTRF, biomass, renewable fuels, commercialization, agriculture, bioscience, research and development, Gov. Phil Bredesen, Biofuels Initiative, Kelly Tiller
Renewables: ETN's Genera Energy has Series B capital raise underway

Company spawned by State's Biofuels Initiative aims to gain share ahead of niche competition


Milt Capps

Innova Memphis: Innova Fund III announces $20MM first close | Innova Memphis, Memphis BioWorks Foundation, Innova Fund I, Innova Fund II, TNInvestco, Innova Fund III, Vanderbilt University, University of Tennessee Health Sciences Center, University of Memphis, arGentis Pharmaceuticals, TrakLok, technology transfer, commercialization, Jan Bouten, Steven Bares, Ken Woody, agriculture,
Innova Memphis: Innova Fund III announces $20MM first close

Updated: Firm will continue bio/investment pace, likely to eye yet another fund in coming years


Milt Capps updated 0715 10 Sept. 2014

Memphis-Manhattan: eDivv eyes Big Apple to anchor online beauty-trading startup | SeedHatchery, Mara Lewis, Eric Matthews, Start Co, accelerators, Casey Casterline, Jon Katz, Barry Katz, eDivv, capital, investment, friends and family, Seed stage, equity, AlphaLab, Baker Donelson Bearman Caldwell & Berkowitz, Emily Brackstone
Memphis-Manhattan: eDivv eyes Big Apple
to anchor online beauty-trading startup

[updated] Startup will maintain ties to SeedHatchery as it pursues $500K capital raise


Milt Capps updated Dec. 18, 2014

INVEST-TN Sept. 18: CXOs, Entrepreneurs review critical issues for TN Business | arGentis Pharmaceuticals, Assi Ginzburg, Astec Industries, Barron's, Bill Johnson, BusinessWire, CFA Society, Christine Skold, Cornerstone Bancshares, Creative Financial Staffing, Crowe Horwath, Curran & Connors, FedEx, FEI, Financial Executives International, FLO thinkery, Frank Hughes, Frost Brown Todd, Harvey White, Health Realty Trust, INVEST-TN, Issuer Direct, Jeffrey Smith, Justin Hutchens, Mary Beth West Communications, MergerID, Mergermarket Group, Mergermarket.com, Nashville Technology Council, National Health Investors, O'Neill Arnold Photography, Optimum Print Solutions, Phillip Daves, Pinnacle Financial, PNC Bank, Richad Dorris, Rob McCabe, Sloane Scott, Stratasan, Tennessee Valley Authority, Terry McWilliams, The Wall Street Transcript, Tod Fetherling, Tom Davis, Tractor Supply Company, TVA, Wall Street Calendar, William Johnson, Yahoo!
INVEST-TN Sept. 18: CXOs, Entrepreneurs review critical issues for TN Business

Yahoo! Finance columnist Michael Santoli, CEOs, other C-levels headline Nashville event


ETN's Cathedral Innovation Group may be buttressed by Charlotte-SanFran accelerators ahead of Seed raise | Packard Place, Queen City FinTech Accelerator, incubators, Seed stage, capital, investment, startups, Doug Speight, University of North Carolina, Knoxville, Oak Ridge, Oak Ridge National Laboratory, ONRL, Stratasys, 3D Systems, GE Capital, Deutsche Private Equity, North Carolina A&T State University, Wells Fargo, Fintech
ETN's Cathedral Innovation Group may be buttressed
by Charlotte-SanFran accelerators ahead of Seed raise

The urgency driving this OakRidge-Knoxville startup could lead to its relocation


Milt Capps

Tech2020 CEO's exit provides another spur  for Knoxville entrepreneurship re-think | Tech2020, John Morris, Tom Ballard, Jim Biggs, Knoxville Entrepreneur Center, KEC, Oak Ridge National Laboratory, ORNL, Y-12, University of Tennessee, Anderson Center for Entrepreneurship & Innovation, Charlie Brock, LaunchTN, TTDC, Tennessee Technology Development Corporation, Pershing Yoakley Associates, PYA Analytics
Tech2020 CEO's exit provides another spur
for Knoxville entrepreneurship re-think

Opportunities are likely amid myriad moving parts in Knox-OakRidge ecosystem


Milt Capps edits 8:15 p.m. CT

Tech2020 CEO John Morris resigns | john morris, tech2020, economic development, oak ridge national laboratory, ORNL, Mike Cuddy, Knoxville Entrepreneur Center, KEC
Tech2020 CEO John Morris resigns

After a bit more than two years in the job, Tech2020 CEO steps down with ecosystem in flux


Capital: Knoxville's Data-Flyte embraced by Chattanooga's Blank Slate Ventures | DataFlyte, Jack Dischner, Blank Slate Ventures, investment, seed capital, Lex Tarumianz, Geoff Robson, Swiftwing Ventures, Chattanooga Renaissance Fund, Emerson  Electric, GE, General Electric, Martin Marietta, Halldale-Powell Utility District, Consolidated Utility District, Commtest, Extensive Enterprises, Dan Morse, CapitalMark, Darren Cardwell
Capital: Knoxville's Data-Flyte embraced
by Chattanooga's Blank Slate Ventures

Money from the Scenic City is now regularly finding its way farther east in Tennessee.


Milt Capps edited 9:17 a.m. 27 August 2014

Angel Capital Group: Ewing to wrangle deal flow, Venture Incite exits E.TN | LaunchTN, Venture Incite, technology transfer, commercialization, Vic Gatto, Tennessee Technology Development Corporation, TTDC, Vanderbilt University, Oak Ridge National Laboratory, NEST-TN, TNINvestco, Tennessee Center for Research and Development, Solidus, Eric Dobson, Scott Ewing, University of Tennessee Research Foundation
Angel Capital Group: Ewing to wrangle deal flow, Venture Incite exits E.TN

[Updated 10:30a 19Aug] Tech-transfer, PEveteran will shepherd growing early-stage pipeline


Milt Capps updated 10:30 a.m. 19 August 2014

Skuidify, aligned with Salesforce.com, pursues $4MM Series A capital raise | Ken McElrath, Skoodat, Skuidify, Salesforce.com, startups, Angels, investment, SaaS, Chattanooga, Series A, capital formation, education, K12, postsecondary, software development, Force.com, Southeast Investor Group
Skuidify, aligned with Salesforce.com, pursues $4MM Series A capital raise

Update: Salesforce.com investment. CEO says a San Francisco or Atlanta lead investor with SaaS savvy is likely preferred.


Milt Capps UPDATED 8 Sept. 0942 CT

GigTank: KOR Health explores Tennessee markets and $1.6MM capital raise | OnFocus Healthcare, David McDonald, Lee Phillips, KOR Health, True North Custom Publishing, GigTank, Chattanooga, Gig City, 3D Printing, utilities, Smart Grid, healthcare, marketing, patient engagement, Life 1428, eleven//social
GigTank: KOR Health explores Tennessee markets and $1.6MM capital raise

Chattanooga's KOR Health is pressing ahead with its capital raise, while scouting California digs


Milt Capps

Chattanooga's JumpFund makes 1st investmentin push to support Women in startup companies | The Jump Fund, Bluegrass Angels, Golden Seeds, angels, investment, analytics, SuperFanU, Kristina Montague, Kayla Mount, Chris Nowak, Tendai Charasika, capital,
Chattanooga's JumpFund makes 1st investment
in push to support Women in startup companies

A Louisville company gets the nod; JumpFund could do nine to 14 more deals in next few years.


Milt Capps updated 18 March 2015

Retrospective Statewide coverage from the archive

All Previous Network Coverage | NewsBits, VentureNashville
All Previous Network Coverage

UPDATED VentureTennessee is just coming out of Beta. View all previous network coverage by clicking the headline above.



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