Launch Tennessee Releases 2012 Entrepreneurship And Innovation Report

Wednesday, May 01, 2013

Launch Tennessee (LaunchTN), a public-private partnership focused on supporting the creation and development of high-growth companies in Tennessee, today released its 2012 report on entrepreneurship and innovation in Tennessee.

“Tennessee is quickly becoming an entrepreneurial hotbed with successful startup companies in a variety of sectors,” said Bill Hagerty, chairman of LaunchTN and commissioner of the Tennessee Department of Economic and Community Development. “We have the right support structure in place to help innovators, entrepreneurs and investors in Tennessee build on their success and generate more great jobs in our state.”

The report highlights the state’s fastest growing sectors, regional business accelerators and research institutions, as well as the venture capital investments Tennessee startups received in 2012 and the state’s role in 2012 Global Entrepreneurship Week.

“Tennessee has a rich history of entrepreneurship with some of the world’s largest companies founded and based in Tennessee,” said Charlie Brock, president and CEO of LaunchTN. “This report showcases the success Tennessee’s entrepreneurs had last year in launching and growing their companies. Launch Tennessee is poised to help build on that success in 2013."

Some statistics from the report:

  • Startup companies and other early-stage, high-growth companies in Tennessee raised more than $210 million of venture capital in 2012.
  • More than $17 million of that funding was raised by the 126 companies who completed training and mentorship programs at one of the state’s nine regional business accelerators
  • The number of startup companies based on technologies from research institutions in the state has tripled over the past two years.  
  • Tennessee held 96 events during Global Entrepreneurship Week, making it the No. 1 state in the country for the number of events held during the week for the second year in a row.

LaunchTN focuses on four key areas: entrepreneurship, commercialization, capital and outreach. LaunchTN is in part funded by a grant from the State of Tennessee. LaunchTN can be found on Facebook (www.Facebook.com/LaunchTN), Twitter (www.Twitter.com/LaunchTN), YouTube (www.YouTube.com/LaunchTN) and Flickr (www.Flickr.com/LaunchTN).



October 2014 County Unemployment Rates

County unemployment rates for October 2014, released today, show the rate decreased in 80 counties, increased in 10 counties, and remained the same in five counties. Specific county information for October is available here .  Knox County had the state’s lowest major metropolitan rate in October at 5.1 percent, down from 5.4 in September. Davidson County was 5.2 percent ... (click for more)

Study Shows 60 Percent Of Low-Income Tennesseans Face Civil Legal Problems

A study commissioned by the Tennessee Supreme Court Access to Justice Commission and the Tennessee Alliance for Legal Services with the support of the Tennessee Bar Association has found that more than 60 percent of vulnerable Tennesseans face a significant civil legal need. The goal of the study was to examine the effectiveness of delivering legal assistance to those in need. ... (click for more)

2 People Critically Injured In North Chattanooga House Fire

For the second time in three days, a house fire has resulted in tragedy with two people critically injured in North Chattanooga. At 10:13 a.m. on Wednesday, Chattanooga firefighters were dispatched to a reported house fire with entrapment at 220 Houser St. The first firefighters on the scene saw flames shooting out windows and part of the roof. Having been told that people ... (click for more)

Kiser Post-Conviction Hearing To Resume April 6

A post-conviction hearing in which Marlon Duane Kiser is seeking a new trial in the 2001 slaying of Deputy Donald Bond will resume April 6. Attorneys for Kiser, who is on Death Row, said they have additional witnesses to call. Kiser on Tuesday took the witness stand for the first time, blaming the killing on the man he was living with at the time - Mike Chattin. Chattin, who ... (click for more)

Why Ferguson Matters In Chattanooga

The recent verdict in Ferguson has thrown race relations in the spotlight again. It is far too easy to get caught up in the debate as to who was right. But the plain fact is that the community lost, the police force lost and the nation lost. So why does Ferguson matter in Chattanooga? Because a police force mainly composed of whites got into a conflict with a community mainly ... (click for more)

Roy Exum: A Grand Thanksgiving Feast

I’m not really sure how it all came about but a few days before Thanksgiving last year, what was usually a crowded table had dwindled down to just Mother, Aunt Martha and me. Just the idea of getting dressed up made both of them tired, which happens when you are 89 and 87, respectively, and the thought of preparing the traditional feast brought only further groans so I announced ... (click for more)