MDN: Start Co. Teams Hit Key Business Milestones

MDN: Start Co. Teams Hit Key Business Milestones Six of Start Co.’s alumni teams have hit major business milestones recently. The teams participated in the summer accelerator programs in 2013, 2014 and 2015 as well as participating in post-acceleration activities to continue to build their businesses. • Graph Story, which provides graph databases, applications and solutions as a service, has raised more than $1 million to date and reached break-even. It’s currently working toward its next major round of investment capital. • Cabsolutely, which connects taxi fleets with passengers via a mobile app and digital dispatching, has raised $600,000 to … Continue reading MDN: Start Co. Teams Hit Key Business Milestones

MBJ($): Memphis medical device company gets $725K in seed funding

MBJ($): Memphis medical device company gets $725K in seed funding The device will be available in 2018, pending FDA approval. …. MBJ($): Memphis medical device company gets $725K in seed funding Continue reading MBJ($): Memphis medical device company gets $725K in seed funding

ICYMI: Next City: Memphis Looks to Medical Manufacturing to Cut Poverty

Next City: Memphis Looks to Medical Manufacturing to Cut Poverty Poverty rates have dropped in Memphis, Tennessee, since the start of the decade, but it’s still one of the poorest large urban areas in the U.S. With 18.4 percent of its 1.3 million residents taking home annual incomes below the federal poverty threshold, it’s second only to Tucson, Arizona, when it comes to lacking opportunity for a living wage. One local industry could help: medical device manufacturing. And the city was just awarded nearly $6 million from the U.S. Department of Labor to help fortify the system of community colleges, … Continue reading ICYMI: Next City: Memphis Looks to Medical Manufacturing to Cut Poverty

MBJ: Shadyac: St. Jude’s strategic plan will create $3.5 billion annual economic impact

MBJ: Shadyac: St. Jude’s strategic plan will create $3.5 billion annual economic impact Though Tennessee Gov. Bill Haslam was in Memphis this week to announce the state’s commitment to St. Jude Children’s Research Hospital, the plan has actually been in the works for more than a year. Dr. James R. Downing, president and CEO of St. Jude, first revealed the hospital’s six-year strategic plan, which includes an expansion of up to $7 billion, in November of last year. … The plan is for St. Jude to increase patients on its Memphis campus by 20 percent, double the number of children … Continue reading MBJ: Shadyac: St. Jude’s strategic plan will create $3.5 billion annual economic impact

MBJ: St.Jude gets $37 million in infrastructure support

MBJ: St.Jude gets $37 million in infrastructure support The state is ready to do its part to help St. Jude Children’s Research Hospital’s $7 billion expansion. Tennessee Gov. Bill Haslam announced Thursday, Dec. 8, that the state will use $12 million in FastTrack funding to improve the public infrastructure surrounding St. Jude. “It’s not just the hospital but the community — the Pinch District — that is going to be transformed as a result of this project,” said Tennessee Economic and Community Development commissioner Randy Boyd. “Little if any of the money is going to be spent on the St. … Continue reading MBJ: St.Jude gets $37 million in infrastructure support

MBJ: ALSAC’s Shadyac hints at St. Jude’s Pinch plans

MBJ: ALSAC’s Shadyac hints at St. Jude’s Pinch plans In advance of Tennessee Gov. Bill Haslam’s visit to Memphis tomorrow for an announcement at St. Jude Children’s Research Hospital, ALSAC president and CEO Rick Shadyac spoke about his vision for the Pinch District. At the Greater Memphis Chamber’s Annual Chairman’s Luncheon, Wednesday, Dec. 6, Shadyac said, “To those who have attended the Pinch District meetings, know you have a partner in ALSAC and St. Jude.” Shadyac said he envisions the Pinch District as a place for St. Jude employees and patients’ families, as well as a place where Memphians want … Continue reading MBJ: ALSAC’s Shadyac hints at St. Jude’s Pinch plans

CA: St. Jude lands state funds for expansion

CA: St. Jude lands state funds for expansion Gov. Bill Haslam committed $12 million today for the expansion at St. Jude Children’s Research Hospital. Haslam announced the state committment during a news conference on the campus of the 5,000-employee research center in Memphis.is The City of Memphis is also investing $25 million for infrastructure work. … St. Jude is beginning a $1 billion expansion and had sought state assistance for infrastructure improvements around the site near Downtown. ALSAC, which says it is raising more than $1 billion to expand the world-renowned hospital, recently paid $950,000 for the northeast corner of … Continue reading CA: St. Jude lands state funds for expansion

UTHSC: UTHSC Awarded $500,000 from the U.S. Department of Commerce to Fund Innovative Proof-of-Concept Center, Stimulate Movement of Ideas to Market

UTHSC: UTHSC Awarded $500,000 from the U.S. Department of Commerce to Fund Innovative Proof-of-Concept Center, Stimulate Movement of Ideas to Market The University of Tennessee Health Science Center (UTHSC) has received a nearly $500,000 i6 Challenge Award from the United States Economic Development Administration (EDA) to establish a Proof-of-Concept Center at UTHSC in partnership with Memphis Bioworks Foundation. The award was announced recently by U.S. Secretary of Commerce Penny Pritzker as part of the EDA’s 2016 Regional Innovation Strategies (RIS) program, which aims to expand commercialization programs across the country. The UTHSC Proof-of-Concept Center will be located in Memphis, a … Continue reading UTHSC: UTHSC Awarded $500,000 from the U.S. Department of Commerce to Fund Innovative Proof-of-Concept Center, Stimulate Movement of Ideas to Market

ICYMI: CA: St. Jude plans $1.2 billion Memphis expansion

ICYMI: CA: St. Jude plans $1.2 billion Memphis expansion St. Jude Children’s Research Hospital plans a massive expansion in Memphis that in six years could add more than $1 billion in construction for its campus and swell its workforce by … Continue reading ICYMI: CA: St. Jude plans $1.2 billion Memphis expansion

ICYMI: ZeroTo510 Named Top 25 U.S. Accelerator

ICYMI: ZeroTo510 Named Top 25 U.S. Accelerator The ZeroTo510 Medical Device Accelerator has been announced as one of the top accelerators in the country for the second year in a row.  The Memphis-based accelerator has been named as one of … Continue reading ICYMI: ZeroTo510 Named Top 25 U.S. Accelerator