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).



Supreme Court Plans Public Hearing And Interviews Of Attorney General Applicants

The Tennessee Supreme Court will conduct public hearings and interviews on Monday of the eight applicants for Attorney General and Reporter. The meetings will be held in Nashville at Legislative Plaza, Room HR16, 301 6th Ave N, Nashville, 37243 starting at 9 a.m. CDT. Each candidate is required to speak on his own behalf for no longer than 10 minutes. Candidates may have ... (click for more)

Ellie's Fine Lingerie Recognized For "Best Interior Design"

Ellie’s Fine Lingerie in Warehouse Row was awarded top honors at the Best of Intima Awards held earlier this month in New York, N.Y. by Intima Magazine. It is the premium lingerie and beachwear publication for the U.S. and Canada. The Best of Intima Awards jury was comprised of 20 high-end brands responsible for nominating and selecting award-worthy retailers. This year’s jury selected ... (click for more)

Rhasean Lowry, 34, Charged In Death of 3-Year-Old Girl

Rhasean Lowry, 34, was arrested for abusing a three-year-old girl, and then criminal homicide after she died. Last Tuesday, the Chattanooga Police Department was called on a suspected child abuse case. Lowry took the victim to a local hospital and he stated the victim fell down steps. Doctors advised that the victim’s injuries were the result of blunt force trauma consistent ... (click for more)

City IDB Member Who Made Motion For $9 Million Black Creek TIF Had Not Lived In City For Years

A City Industrial Development Board (IDB) member who made the motion to approve a controversial $9 million Black Creek Tax Increment Financing (TIF) had not lived in the city for years, City Attorney Wade Hinton confirmed. Chris Ramsey, a BlueCross BlueShield official, was not present at an IDB meeting on Tuesday morning. Five other board members were. Citizen Helen Burns ... (click for more)

Decimating The Chattanooga Public Library - And Response

Corinne Hill claims that the library is just undergoing a normal weeding process for eliminating books.  She has bragged that she's responsible for the elimination of over 100,000 books - with more to go. "Normal" weeding is not rampant throwing away.  Yes, books go to the Friends for their sale - where they get $2 for a $75 book and thousands wind up being recycled ... (click for more)

The Many Lessons I Learned From Helen McDonald Exum

Helen McDonald Exum was my friend and mentor. As I think of her passing I can only imagine the celebration that is happening in heaven as the news of her arrival is being told. I am sure that there is a party that not only has she organized but that there is not a detail that has been left to chance. I am sure that it is the grandest of events, for you see, she has been planing ... (click for more)