Welcome Visitor Sunday, November 23, 2014
News & Views

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

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Just click the headline for additional coverage, all the way back to 2008.


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

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
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 1:38 p.m. 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

Bares to lead LifeScience Tennessee toward advocacy, capital objectives | Steve Bares, Memphis Bioworks Foundation, LaunchTN, LifeScience Tennessee, ZeroTo510, LaunchTN, Jim Monsor, Sam Lynch, BioMimetic Therapeutics, Joe Cook Jr., Tennessee Technology Development Corporation, SBIR, STTR, venture capital, Limestone Fund, Innovasan, Glen Perdue, Lynch Biologics, EPIcenter, TriMetis, NextFarm, incubators, accelerators, Jeffrey Hubrig,
Bares to lead LifeScience Tennessee toward advocacy, capital objectives

The journey continues to build LifeSciences to critical mass and influence in Tennessee


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
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 edits 4:27 p.m. CT

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

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
Latest move: Feetz Inc. dances its way into The Jump Fund's portfolio

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


Milt Capps edits 3:08pm

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
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

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

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

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.

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
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

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


Milt Capps

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
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

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

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

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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