Tuesday, June 28, 2011
The press conference and stakeholder briefing with Gov. Bill Haslam, SAm CEO Scott Case, ECD Commissioner Bill Hagerty and EC and ST CEO Michael Burcham at the Nashville Entrepreneur Center produced a good ration of energy this morning. A brief update on the matter is here. Responses to an RFI, solicited from would-be accelerator grants applicants, is due back to ECD by July 15.
HealthTeacher, just a 12-year-old, has now had total financings of about $15MM. They're heavying-up the team, added a new private-equity partner and are ready to take it on the road. Read about here.
Monday, June 27, 2011
We reported on Venture Incite (Solidus) going after ORNL/Y12 intellectual property for commercialization. Here's another one: Y-12 solvent technology. I'm thinkin' it's stronger'n WD40.
Startup Tennessee's launch will be celebrated tomorrow in Nashville, with help from Tennessee Governor Bill Haslam, Startup America CEO Scott Case, and others. It could be just the added ingredient the Tennessee entrepreneurial ecosystem has been needed. Time will tell. More here.
Tuesday, June 21, 2011
John Herbold (left), a pivotal player in Apple Inc.'s iCloud product development, has joined Nashville-based HealthTeacher, for a campaign to improve the health of US youth while advancing the 12-year-old company. VNC's story is here.
Monday, June 20, 2011
TopSpin Media CEO Ian Rogers is in the 2012 class of Nashville's Leadership Music. The frequent Nashville visitor is also taking over a popular online program The Week in Music. Here's an update.
Solidus Co. and its TNInvestco-linked Venture Incite tech-commercialization accelerator are making a splash with their option on superhydrophobic technology from ORNL. It's just the beginning, apparently. Read about it here.
Tuesday, June 07, 2011
State Sen. Randy McNally (R-Oak Ridge) and Nashville tax-revolter Ben Cunningham, speaking in this morning's Tennessean, express concerns regarding Gov. Bill Haslam's INCITE program, through which ECD Commissioner Bill Hagerty hopes to get federal permission to use $30MM in federal funds to support co-investment in early-stage companies. If that permission isn't granted, the money might have to go to banks, instead. That, in turn, would eliminate one leg of the Haslam-Hagerty Incite program, and could jeopardize other parts of the plan, including the funding of incubators in some areas of the state. 'Could be coincidence, but McNally's concerns regarding transparency of the program could be partly a result of partly suppressed complaints in E.TN. about the fact no TNINvestco funds in that region were certified and little TNInvestco money has gone into firms in that territory. As we pointed-out in yesterday's NewsBits, The Knoxville News Sentinel opened further this can o' worms this weekend with a batch of stories. Also, as we reported May 23, Hagerty's agency rethought its release of TNInvestco investment-certification information and plans to release less info.
Monday, June 06, 2011
Our latest VentureNotes and NewsBits features include a couple dozen items on new ventures, a new Angel/VC fund, Venture INCITE, state and regional entrepreneurship and tech-transfer initiatives and more. Read it all here.
Farsheed Ferdowsi may scoop-up up to $4MM for his Inova venture and rolling-up accounting firms' service bureaus is part of the gameplan. Story here.