Launch Tennessee Releases 2012 Entrepreneurship And Innovation Report

Wednesday, May 1, 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).



Chief Justice Bivins Plans Ceremonial Swearing In With Governor Haslam

Tennessee Supreme Court Chief Justice Jeff Bivins will have a ceremonial swearing in with Governor Bill Haslam at 3:30 p.m. Thursday in the historic Supreme Court chambers within the Capitol. The event is open to the public.  Chief Justice Bivins was unanimously elected chief by the Court last month. He was appointed to the Court in 2014 by Governor Bill Haslam and was elected ... (click for more)

The CPR LifeWrap Launch Party Is Friday

The CPR LifeWrap launch party will be held Friday from 5-9 p.m at The Edney, 1100 Market St., 5th Floor.  CPR LifeWrap will be launching its Kickstarter campaign, as well as premiering its new video. There will be guest speakers, food, drinks, live music, mingling and door prizes. (click for more)

Naked Man Involved In Collision On Highway 111 Taken Into Custody

A naked man who was involved in a wreck on Highway 111 late Friday morning is facing numerous charges. At approximately 11:40 a.m., Hamilton County Sheriff deputies started to receive numerous reports that a vehicle was driving erratically on U.S. Highway 111 and that the driver was stopping his vehicle and at one point got out of his vehicle in a naked state. According to ... (click for more)

City Council Incumbents Anderson, Gilbert, Freeman, Hakeem Pick Up Papers Seeking Re-Election

Four City Council incumbents have picked up papers for the March 7 city election. The latest getting qualifying petitions are Russell Gilbert in District 5, Chris Anderson in District 7 and Yusuf Hakeem in District 9. Moses Freeman in District 8 picked up earlier. Anthony Byrd is a possible challenger. Former District 7 Councilman Manny Rico has already qualified. Others ... (click for more)

Chattanooga's Citizens Are The Best

Today, when I finished my shift, my wife and I had a rare kid-free time where she and I could enjoy a nice quiet dinner. So, when I left my extra job and she left her job, we met at a neat local place in St. Elmo. She and I had been looking forward to and planning this dinner all day. You see, between my work with the city of Chattanooga, my many hours of extra jobs, and our responsibilities ... (click for more)

My Garden In October

Just when you thought the weather would never break, the heat was on low this morning as Tide and I stepped from the house to study our October garden. Falling leaves and the dog’s dirty tennis balls aside, let’s praise the Lord that, as a new month dawns, we are still blessed with orchids and onions galore. The dog asks that I include the fact October is National Pet Adoption month ... (click for more)