Memphis Archives - Page 9 of 11

Memphis Startup: HandMinder Aims To Restore Hand Movement In Stroke Victims

There are some incredible startups coming out of Memphis Tennessee and HandMinder is one of them. Handminder was part of the first class at the ZeroTo510 accelerator. Zeroto510 is the first cohort based medical device accelerator and was a joint venture between Memphis BioWorks and Seed Hatchery, the local tech startup accelerator.

HandMinder was founded by Dr. Yu Liu, MD,Phd, Randall J Nelson PhD,John M Denton, Technical Advisor & CoFounder, James Bell who currently serves as the company’s CEO.

A shocking 15 million people suffer from strokes across the globe. 12.5 million of those people survive and of those 12.5 million, 60% of them have some form of hand dysfunction after the stroke.

The devices that are currently on the market today that help rehab stroke victims’ hands deal with the problem from a total physiological perspective. The devices today allow functionality but not learned functionality. They provide localized muscular exercise but not brain function.

The HandMinder device, which fits like a glove, restores the neurological connection between the hand and the brain. The loss of hand movement in a stroke victim is a neurological problem, not just a physiological problem. By reprogramming the stroke victims brain to hand function, HandMinder closes the natural physiological loop.

Unlike other devices that address this issue, HandMinder is a take home product that allows stroke victims to rehabilitate their hands as often as they would like without having to take up extra time in their rehab clinics. It also allows them to continue their therapy while traveling, being outside and living somewhat normal lives.

When designing the HandMinder product, the team at HandMinder talked with stroke victims and their families. Because strokes are more prevalent in older patients, Handminder even talked with grandparents and grandchildren who were concerned with the way some of the medical devices looked. A lot of other devices used for this purpose, seemed somewhat scary to grandchildren which was a real concern for older patients. Handminder, while still a medical device, “looks cool”.

HandMinder presented at the ZeroTo510 demo day last month to a crowd of investors. They are currently working on their third prototype and plan to start field testing the device shortly.

Linkage:

For more info visit handminder.com

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Memphis Startup Accelerator ZeroTo510 Sets Record With Over 80% Follow On Funding In Less Than 30 Days

That headline is a true testament to the power of the cohort based ZeroTo510 startup accelerator in Memphis Tennessee. Five of the six startups in their recently graduated class received $100,000 or more in follow on funding from MB Ventures and Innova Memphis.

Four of the startups received follow on funding to continue acceleration of their businesses. Those four companies were:

BioNanovations has developed a device that uses bionanotechnology for rapid diagnosis of bacterial infection.
EcoSurg has developed an environmentally friendly alternative to traditional foam patient positioners used in surgeries.
Nanophthalmics has developed, through the use of nanotechnology, a surgical device to more effectively treat corneal abrasions.
Urova Medical has developed a minimally invasive treatment to address feminine stress urinary incontinence.

“In each case, we believe these four companies have shown the progress, the growth and proof-of-concept that were expected to move to the next phase of funding,” said Allan Daisley, director of innovation and sustainability initiatives for Memphis Bioworks Foundation and program director for ZeroTo510. “It is extremely rewarding to us as an organization, because the funding of four companies exceeds what we considered to be a measure of success when this program was launched.”

The fifth startup to receive follow on funding was Restore Medical. Restore Medical wowed the audience when Co-Founder Shawn Fynn announced during their presentation that they had already secured a purchase order valued at $3.75 million dollars pending 510k approval. In the case of Restore Medical, they decided to skip the acceleration investment and went directly to a Series A round. MB Ventures and Innova Memphis are leading that Series A round with an undisclosed investment, assumed to be more than the $100,000 Restore Medical would have received with the acceleration funds.

Handminder, a startup that has developed a rehabilitation device for people who have suffered a stroke, to regain use of their hands, did not receive follow on funding.

With an 80% success rate, by the standard of “follow on funding” Zeroto510 is the most successful accelerator in Tennessee.

Zeroto510 is a joint venture between Memphis Bioworks with cohort based accelerator programming provided by SeedHatchery a product of LaunchYourCity.

LaunchYourCity CEO & President Eric Matthews said: “The results speak for themselves. 35 companies have entered our incubators because of our efforts. EmergeMemphis has a waiting list for the first time. We have invested time and money in 12 promising startup technologies at our research institutions, two of which have started up as new companies. Over 20 companies have received pre-seed capital of $50,000 or less. Of those 8 have received follow-on capital of $100,000 or greater.”.

In addition to Zeroto510 and SeedHatchery LaunchYourCity has a sister program for independent filmmakers called “FuelFilm”. Also the local music incubator, The Memphis Music Foundation, has replicated some of the LaunchYourCity programming into their music resource offerings.

Linkage:

Check out LaunchYourCity at LaunchYourCity.com

Zeroto510 site is here

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Memphis Startup: WorkForPie Prepares For TechCrunch Disrupt

If their name means anything at all than Memphis startup WorkForPie should have several walk in freezers worth of pie because they’ve been working really hard… for pie. WorkForPie was a member of the first class at Memphis’ accelerator SeedHatchery. They were also the first startup out of SeedHatchery to raise significant follow on funding.

After graduating from SeedHatchery co-founders Cliff McKinney and Brad Montgomery were able to attract a $300,000 investment round from Solidus in Nashville and a>m ventures.

They’ve been doing a number of things right and have a tireless work ethic. Montgomery and McKinney are also passionate about Memphis and the startup ecosystem brewing there. McKinney and Montgomery are very vocal about what they think matters, especially when you’re growing a startup outside Silicon Valley or New York City.

All of this leads to the reason why they are the first startup from Memphis Tennessee that will appear in Startup Alley at TechCrunch Disrupt San Francisco next week.

We got a chance to catch up with WorkForPie and talk about TechCrunch Disrupt, brewing startups outside the confines of the valley and product, product, product. Check out our short interview below:

Memphis Startup: BioNanovations Shows Off Amazing TestQuick Technology

BioNanovations CEO/Co-Founder Charleson Bell Presenting at Demo Day (photo: nibletz llc)

It was Demo Day at the Memphis based ZeroTo510 startup accelerator this past Thursday. ZeroTo510 is the first cohort based medical device accelerator and was created with a partnership between Seed Hatchery and Memphis BioWorks.

We were really excited when Charleson Bell, the CEO and co-founder of BioNanovations presented their TestQuick technology on Thursday. First off, Bell and his partner Andre T Stevenson had spent some time with us a few weeks back during office hours. It was then that we learned how BioNanovations was preparing to really change the world. We all know that most startups say they’re going to change the world, the ZeroTo510 class is really going to do it.

Bell and Stevenson gave us a crash course in nano particles when we first met for office hours. Bell has done a great job of “dumbing down” the science behind their technology for laymen like myself.

We were fascinated by the BioNanovations team when we first met them. While Bell had been working on using nano particles to find bacterial infections early on and Stevenson had discovered the biomarkers for cancer before they had become cancer.

The BioNanovations team will most likely bring many great products to market but their debut product “TestQuick” will have a huge impact for millions of people suffering from bacterial infections.

Bacterial infections kill more people than AIDS, breast cancer and automobile accidents combined, every year. What’s even more troubling than that is the fact that over 1.7 million bacterial infections are hospital born. That means that people who have gone into the hospital for something else, incur some kind of bacterial infection. These hospital borne infections cost over $40 billion dollars.

That’s not all though. One of the most alarming facts in all of this is that these bacterial infections can claim a life or a limb in less than 48 hours, however the traditional diagnostic testing can take 4-5 days. Yes, unfortunately, the traditional way means that several people lose their lives before getting the diagnosis back on the infection.

What BioNanovations TestQuick product offers is a testing platform and reader that can confirm the type of infection and the level of the infection in under 30 minutes and patient side.

Bell was quick to point out his competition. That’s actually key in an investor pitch day.

BioNanovations main competition is a company called Nanosphere. They offer a diagnostic testing platform that comes back in three hours. Nanosphere received FDA approval and has 200 orders already. Their testing cassettes are $75 a piece and the machine to scan them is $100,000.

Compare that to BioNanovations TestQuick cassettes that sell for $100 a piece but the reader costs just $1000.

But that’s not all. Nanosphere’s technology has a three-hour turn around time, post culture. That means after the initial diagnosis. BioNanovations, TestQuick platform is the first pre-culture diagnostic tool, saving critical time and lives.

Check out Bell’s ZeroTo510 Demo Day pitch video below:

Linkage:

Check out BioNannovations here at their website

Investors, reach bell at charleson.s.bell@bionanovations.com

Here’s more Demo Day coverage from Nibletz

Memphis Startup: EcoSurg Pitches At Zero To 510 Demo Day

Every startup that has participated in an accelerator program wants to change the world. Some founders verbalize that they wantto change the world while others just think it. Well the six startups that participated in the inaugural class at Zero To 510, a cohort based medical device accelerator in Memphis Tennessee, are doing it.

Every startup that presented at Zero To 510’s demo day has developed to solve problems in the medical space. EcoSurg is one of those startups.

There is an environmental problem that stems from just about every surgical procedure, every day. Most surgeries use medical positioners which are foam devices that are designed to position patients in ways that are both safe, and the most convenient for doctors. These foam positioners keep legs propped up, arms propped up, patients on their side and other positions so that the surgeons have better access to the surgery site.

According to EcoSurg CEO Ray Randall, over 20 million surgical procedures per year use these foam positioners. This of course creates tons of non biodegradable waste. Specifically these foam positioners contain petroleum-based derivatives. Not only are these medical positioners harmful for the environment, but because of that, they cost more in disposal which is passed down to the customer/patient.

Randall’s company EcoSurg has developed a new line of patient positioners which are manufactured using alternative foam comprised of soybean-based composites.

With Obama Care coming into play in 2014, the amount of surgeries is going to increase significantly. EcoSurg’s medical positioners will help hospitals cut down on costs and help the environment in the process.

Check our Randall’s pitch video from Zero To 510 Demo Day below:

Linkage:

Find EcoSurg on the web here

See more of our Zero To 510 Demo Day Coverage Here

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Two Down One To Go: Nashville’s JumpStart Foundry Prepares For Demo Day

Last week we were in Chattanooga Tennessee for GigTank. GigTank was the first ever accelerator focused on startups building around 1 GB ethernet. Chattanooga was the first city in the United States with one gigabit fiber optic internet to every home and business in a 600 square mile radius. They beat Kansas City, who’s 1 GB fiber project with Google debuted last month.

We saw some great startups present great ideas. Banyan, a collaborative research tool, that is both up and running,and demonstrated first hand the effects of super fast 1 GB ethernet, was the winner. GigTank broke the mold of the traditional accelerator demo day by offering a $100,000 cash prize to the startup that won their pitch contest in the entrepreneur category.

GigTank broke the mold yet again when they ran a student track along the entrepreneur track. The students received free room and board and incubated at the LampPost Group’s offices in downtown Chattanooga. The student track had a $50,000 cash prize won by two girls whose startup Babel Sushi, is an on the go translating platform. The entrepreneurs incubated at Colab a few blocks down the road from LampPost. The entrepreneurs however, received a $15,000 seed investment.

This Thursday was Demo Day for the ZeroTo510 accelerator in Memphis Tennessee. The ZeroTo510 accelerator was a joint project of the Memphis Bioworks Foundation and Seed Hatchery. It was also the first cohort based medical device accelerator.

Zeroto510’s demo day was more traditional in that there wasn’t a cash prize but rather a showing of what the six teams were working on and what they had accomplished in the 90 day period. All six teams did a great job presenting. They all had viable go to market strategies as well as thoroughly researched projects. Some actually had products to show off, which is a break from the traditional web based accelerators.

Patrick Woods, Director at archer>malmo’s a>m ventures group said “there was actually physical products you could touch” making reference to the several accelerator demo days he’s seen where everything was either on the web, in the cloud or still in pre-release formative stages.

You can see a quick background on the six teams at ZeroTo510 here.

Some of the presenters had already secured physical trials, others, like Restore Medical had great news, like the fact that they already had a purchase order for $3.75 million.

Next week marks the end of the current session of Nashville’s Jumpstart Foundry. Now in it’s third year, the JumpStart Foundry has a great class of startups that will be pitching next week.

Life in an accelerator is tough. Tennessee Venture Capitalist and Partner at Solidus, Vic Gatto, told nibletz last week that there were originally ten teams in JumpStart Foundry and three have since dropped out. The best of the best for next week are ready present and include:

Contigo Financial, an online consumer lender offering a suite of responsible loan products through the workplace.

Jamplify (formerly OKDJ), a social media marketing platform which turns fans into active promoters of online content.

The Skillery, a marketplace for classes and workshops led by experts in the community.

Evermind, the first consumer-friendly senior monitoring system. If you can plug-in a surge protector and use a smartphone, Evermind is easy.

Kiwi (formerly Wax), the best way to capture any exciting moment on video.

PhotoRankr, the first online photography marketplace to leverage the power of social media.

OurVinyl, allows users to discover new music through video. The modern day MTV minus the re-runs.

Nibletz is the voice of startups everywhere else and the national voice of startups in Tennessee we can’t wait to see what these great startups have to offer.

Linkage:

There are still a limited number of tickets available for JumpStart Foundry’s Demo Day get them here

Nibletz is the national voice of startups in Tennessee and everywhere else, check out our southern coverage here

Memphis Startup: Restore Medical Kicks Off Demo Day With A $3.75M Purchase Order

We have no problem admitting that ninety percent of the ideas, and startups that are showing off today at Zeroto510’s demo day fly way over our head. There’s one thing we know real well though and that’s millions of dollars.

Today in Memphis Tennessee, Zeroto510, the first cohort based medical device accelerator in the country graduated their first class. For an overview of the accelerator and the startups presenting today, click here.

One of the startups we’ve gotten a chance to know here in Memphis is Restore Medical. We met co-founders Ryan Ramkhelawan and Shawn Flynn at an office hours event we held in Memphis in June. That’s where we first heard about there new and innovative way to sterilize surgical instruments.

Traditional methods of sterilizing surgical instruments have been in place since Flynn was a surgical assistant in the US Army 20 years ago. Yes, with all the innovation we’ve experienced in the country in the last two decades, the sterilization of surgical instruments still resembles the way a high volume chain restaurant washes their silverware for a dinner rush. Instruments are piled into a basket with no regard for blades, needles, pins and of course accidents.

Restore Medical has two key elements to their business; protecting patients from infections from dirty instruments and saving hospitals money. Restore Medical’s new sterilization process does both. Restore Medical’s process keeps the surgical instruments separated, or rather organized and spread out in a way that every instrument is equally sterilized throughout the process.

When we met at office hours the duo explained that there are a lot of faults in the current system. They should know this as both have had surgery support career paths for over 20 years. One of the faults is the fact that if one tool is missing from a set of tools for a procedure the operating room needs to call down for a brand new set. This can take up to two hours, on a rush. Doctors are faced with whether they are going to keep a patient under anesthesia for the wait or wake them up and put them back under. Of course both of those options can be costly and risky.

During the presentation today Flynn highlighted the fact that with Obama Care taking effect in 2014, there will be 30 million more patients in the system. Now is the time that hospitals need to streamline processes, cut down costs and maximize their certifications. Hospitals need to make sure that their infection rates are low so that they can be reimbursed for patients they take without traditional insurance.

Restore Medical can increase revenue for hospitals by $14.5 million dollars per year (each) and save $500,000 in hard costs.

Their technology, coupled with the revenue by changing to Restore Medical’s system has attracted 5 Wellstar hospitals to already putting in a purchase order. The purchase order hinges on Restore Medical getting their 510K. If their 510K is approved that purchase order is $3.75 million dollars.

Linkage:

Check out Restore Medical Here

Check out Zero to 510 here

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Memphis Gears Up For Zeroto510 Demo Day

When you think about Memphis Tennessee thoughts of music, culture, barbecue and Elvis Presley often consume those thoughts. You may not be quick to associate the birth place of Rock & Roll and the overnight package (FedEx) with startups, innovation and bio medical devices.

Since 2006 Memphians have band together to launch several entrepreneurial and startup resources. In fact the city of just under 650,000 residents has an infrastructure of resources for startups and entrepreneurs that would rival cities twice it’s size.

Four of those resources, Seed Hatchery, the local startup accelerator program; Memphis Bioworks Foundation, the local bio and life sciences incubator; along with Innova and MB Ventures (both venture capital firms) have created Zeroto510.

They’re calling Zeroto510 the first cohort-based medical device accelerator. To that end Eric Matthews the President of Seed Hatchery is working with Allan Daisley, who runs Memphis Bioworks, to apply the Seed Hatchery and familiar tech incubator model to medical device ideas, and turning them into startups.

Charleson Bell, a PhD candidate at Vanderbilt University, and the co-founder of Zeroto510 resident company, BioNanovations explained: “Doctors and researchers have great ideas that often times get shelved because they don’t have the resources or skills to apply a business model to those ideas”.

That’s exactly why Seed Hatchery and BioWorks started Zeroto510. Chief Brand Officer at LaunchYourCity, the company that manages Seed Hatchery told us: “In addition to seed capital and mentorship the six companies in Zeroto510 also receive advice on marketing their idea and pitching it to investors”.

Mike Hoffmeyer CEO and Co-Founder of Memphis based Paytopia was a recent graduate from the 2012 class at Seed Hatchery, and told us “I consider myself a smart guy but after a few minutes of Zeroto510 pitches I was totally lost”. Hoffmeyer is helping the Zeroto510 residents with refining their pitches into laymen’s terms.

For a better understanding to Bell’s company for instance. Bell and his co-founder Andre T. Stevenson developed separate research projects at Vanderbilt. Bell had discovered a new nanoparticle that could be used with far better accuracy than what’s currently available, to identify and track virus’, bacteria and infections. Prior to Zeroto510 Bell would roll through his presentation despite losing people’s attention because he was talking over their heads.

Now his pitch includes a great description of a nanoparticle “imagine taking one piece of human hair and dividing it by 1000, that’s roughly the size of a nanoparticle”. The PhD scientist seems a little uneasy about the example because you can’t objectively measure one piece of human hair, but it gets the point across.

The name Zeroto510 comes from the term 510K clearance which is the clearance given to medical devices. With a 510K a similar device or process that has already been approved by the FDA is compared to the new process or device, which fastracks the approval process at the FDA.

The goal around ZeroTo510 is to take the medical device and process startups from 0 to a point where they are ready for their 510k

There are six startups in all going through the current session at Zeroto510 which are:

BioNanovations uses nanotechnology to more quickly diagnose specific types of bacterial infections. Rather than treating with broad antibiotics and waiting days for test results, TestQuick provides physicians a portable option that can recognize a flesh-eating bacteria in only 30 minutes.
HandMinder is building a glove-like device that aids the rehabilitation process for stroke victims. Self-contained and battery-operated, the glove provides an affordable and convenient alternative for regaining motor control.
Nanophthalmics brings engineering concepts to clinical medicine, creating microscopic tools with etched glass for ocular surgery which will help remove scar tissue for patients with retinal or corneal diseases.
Randall Surgical is working on soy-based surgical positioners, an eco-friendly alternative to the foam currently used that contains petroleum and releases toxic chemicals when incinerated after use.
Restore Medical Solutions increases the speed and effectiveness of the sterilization process necessary for surgical instruments. Their product could lead to cleaner tools and the ability to perform more surgeries in a day- wins for both hospitals and patients.
Urova Medical is building UroGuide, a device that can be implanted during an outpatient procedure that provides a permanent and safe solution to stress urinary incontinence in women.

Like most incubators, the current session at Zeroto510 will culminate with an investor pitch day later this afternoon. If the program is effective, the audience will have no trouble understanding the brilliant minds behind these startups.

Linkage:

More about Zero To 510 here

Check out LaunchMemphis.com

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Memphis Startup: Cloud For Good And Apsona To Get You Over The Edge

Cloud For Good, A Memphis based startup, that works with mission driven organizations to create and implement strategic soultions based on cloud technology, with a strong focus on Salesforce, has teamed up with Apsona. The two companies have released a new product called “Over The Edge”.

Over The Edge helps non-profit and educational organizations who have been using Raiser’s Edge for CRM and business management solutions, to migrate to the more powerful and more robust SalesForce platform. While that looks like a task any decent sized IT department could easily handle, it wouldn’t be with the ease nor the speed that “Over The Edge” brings to the table.

Cloud For Good’s Founder Tal Frankfurt, told us in an in person interview Wednesday night that the Over The Edge products takes under 30 minutes and just 4 clicks to have a non-profit, or educational organization migrated to Sales Force. Frankfurt has found, and many others have agreed, that migration and actually executing the switch-over from something else to SalesForce is the most painful part. Once companies are running on SalesForce it’s smooth Sailing.

While most non-profits and educational organizations know the benefits of switching to SalesForce, theyv’e also heard war stories that kept them from switching. A big data loss for a non-profit could amount in hundreds of hours of paid computer labor to get back up and running, and unfortunately the fees for that kind of service are often not within their reach. That’s one of the driving reasons behind the creation of “Over the edge”.

Cloudforgood has helped a number of non profit organizations and educational organizations with their data and cloud storage needs. While their big focus is on SalesForce they’ve also helped implement CRM systems, teach and implement Google Docs and a variety of other things for non-profits.

Linkage:

Check out Cloudforgood here

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Startups,It’s Demo Day Month In Tennessee: Chattanooga, Memphis And Nashville

There are a lot of spring/summer accelerator programs “everywhere else”, Tennessee has three significant programs that will be coming to a close in the coming weeks and culminating with a demo day at the end of their session. Chattanooga, Memphis and Nashville are exploding with startup and entrepreneurial growth and it shows in the graduating classes of Gig Tank (Chattanooga), Zero To 510 (Memphis) and Jumpstart Foundry in Nashville.

The next few Thursdays will be filled with great companies, great entrepreneurs, great angels and venture capitalists and great national coverage provided by nibletz.com, and to our ever growing list of some of the top members of the venture community that subscribe to us by email and follow us on Twitter. We’ve seen 17 startups that we’ve covered in the last year, pick up traction starting with a story written on nibletz.com and seen by the venture community “everywhere else”, which is what is why our mission, as the voice of startups everywhere else, is so important. We’ve received thank you cards, thank you emails and heck even some cash from these 17 startups and at last count they were collectively funded to over $20M.

That trend will hopefully continue over the next three weeks as we continue to case the national spotlight on one of the fastest growing startup ecosystems in the country, the great state of Tennessee.

Chattanooga

The Gig Tank started back in May. This is a unique accelerator program because it’s really two programs in one. First there is an entrepreneur track. The entrepreneur’s track started May 14th. All of the teams selected for that track received a $15,000 seed investment, lodging and a host of services from GigTank sponsors. Their season ends with a demo day and a $100,000 cash prize up for grabs for the most disruptive business plan.

The second track for GigTank is a student track. The students started their track on June 11th. They just needed to come up with a great idea to utilize Chattanooga’s gigabit internet, the first gigabit internet in the country (sorry Google). The students are competing for a chance to win a $50,000 prize and the chance to pitch their idea in front of a solid group of angels and VC’s.

GigTank comes to a close with a demo day on August 9th.

Click here for GigTank’s Website

Memphis

Memphis is bursting at the seams with entrepreneurial and startup activity. In the last few months alone we’ve covered their 48 hour launch event and Startup Weekend Memphis.

Memphis has a great infrastructure set up for entrepreneurs and startups, with most of it being based at Emerge Memphis. Launch Your City, Launch Memphis and of course the Seed Hatchery accelerator play a key role in the Memphis tech community.

August 16th it will be all eyes on Memphis again as the Zero to 510 accelerator holds their demo day. Zero to 510 is a medical device accelerator program and a joint venture between BioWorks and SeedHatchery. It’s the nation’s first cohort-based medical device incubator. The program is funded by Innova Memphis an early stage investment firm.

The companies presenting at demo day on the 16th are:

BioNanovations- a startup using bio nanotechnology for rapid detection and monitoring of bacterial infection

Handminder- has developed a technology that will help rehabilitate those with loss of function in their hands and fingers from a stroke.

NanOphthalmics- This company uses nanotechnology to more effectively treat corneal abrasions which leads to faster healing with less pain.

Randall Surgical- These guys have created an environmentally friendly alternative to traditional patient positioners used in 20 million+ surgeries in the US every year.

Restore Medical- has found a way to drastically cut down the time it takes to sterilize instruments in the OR while cutting costs and insuring compliance under the upcoming radical changes in healthcare.

Urova Medical- They’ve come up with a new way to treat feminine stress urinary incontinence.

Click here for ZeroTo510’s website

Nashville

Jumpstart Foundry is in it’s third year and they keep kicking out hit after hit after hit. One of our favorite Tennessee startups, RentStuff (who recently moved to Chicago’s 1871) is a product of Jumpstart Foundry. Co-founded in 2010 by serial startup founder Marcus Whitney, the Jumpstart Foundry follows the traditional accelerator model that has been so successful in other regions.

According to their site they’ve seen a 62% success rate to date, which is actually VERY high and quite impressive. Jumpstart Foundry (not to be confused with the national Cleveland based Jumpstart Inc) has seen a good number of their graduates see post program capital. Wannado (2011), Daio (2011), RentStuff (2011), Bizen (2010), NextGxDx (2010), and Spitsecnd (2010) have all received additional growth capital.

This years class is equally as impressive and will share their ideas on Demo Day August 23rd. Here are the companies presenting at their demo day:

Contigo Financial, an online consumer lender offering a suite of responsible loan products through the workplace.

Jamplify (formerly OKDJ), a social media marketing platform which turns fans into active promoters of online content.

The Skillery, a marketplace for classes and workshops led by experts in the community.

Evermind, the first consumer-friendly senior monitoring system. If you can plug-in a surge protector and use a smartphone, Evermind is easy.

Wax, an app that allows extreme athletes to compete with one another by completing tricks and challenges.

PhotoRankr, the first online photography marketplace to leverage the power of social media.

OurVinyl, allows users to discover new music through video. The modern day MTV minus the re-runs.

Click here for Jumpstart Foundry’s Website

Startup Weekend Memphis: And The Winner Is…. CoachSpeak

Startup Weekend Memphis saw some great ideas formulated from the Friday pitches. The four finalist teams were: BuyersUnite, Capta Vita (Legacy Interview), RightNowPal (Event Czar) and CoachSpeak. After Saturday evenings gut check all four finalist teams and the three individual entrepreneurs that would pitch on Sunday started to hunker down and focus on the prize at the end of the weekend. Three startups would walk away with $1000 cash, 9 hours of legal services and 9 hours of accounting services. One team would walk away victorious as the winners of Startup Weekend Memphis 2012.

By 10pm Saturday night the 7 presenting startups had pivoted a total of 24 times (seriously). The mentors had been in for hours on Saturday and everyone was scrambling. Around nine PM I checked in with Derek Chapman and Joseph Dees the two guys behind CoachSpeak and they were in an intense debate on several different key issues. We put in a call to a good friend of Nibletz.com Gabe Lozana the founder of St. Louis startup LockerDome who agreed to a quick by phone mentoring session.

That late night phone call sure paid off as CoachSpeak came in first place with the judges on Sunday evening.

Chapman walked the judges through the concept, the revenue and the execution of CoachSpeak which is a social network for professional coaches and athletic personnel from the high school level on up.

Chapman, who is the founder of CoachSpeak, demonstrated a great use case for when coaches change jobs and cities and need to fill coaching team positions very quickly. Startup Weekend Memphis judge, and entrepreneur, Ekundayo Bandele threw Chapman a curve ball asking what happens if a collegiate coach moves his whole team from one school to another, doesn’t that make the service irrelevant.

Simple answer, that never ever happens, but more so Chapman was able to explain how if that did happen that would leave openings to fill at the school the coach came from. More important than that though is that CoachSpeak is already up and running and has 120 professional coaches in their network.

The network isn’t just about filling jobs, it’s about sharing information, camaraderie between coaches, sharing scouting information, job hunting, vendor placement and more.

Dees, who is a financial advisor at Regions Bank in Birmingham Alabama had come into Memphis for his first Startup Weekend. Since graduating from UAB Dees had always had a knack for creating business plans and has actually consulted on several successful business plan. He was the perfect partner for Chapman who had ironed out the entire concept except for the revenue streams and subscriber base.

Obviously the judges liked the collaborative effort between the two!

Chapman plans on continuing to build out CoachSpeak and will probably go to some of the judges who are local entrepreneurs eager to invest in the latest tech startups brewing from Memphis.

LaunchMemphis/SeedHatchery’s Elizabeth Lemmonds was on-site Sunday evening for the final pitches and actually enjoying attending an event that she didn’t have to organize. Prior to her taking a position with Launch Your City (Launch Memphis/Seed Hatcher’s parent) Lemmonds would attend entrepreneurial events in Memphis.

As we reported on Friday, this Startup Weekend was organized by local entrepreneurs James Ruffer and Chris Przybyszewski who are not affiliated with any other organization. The two of them organized this Startup Weekend as a fun and laid back way to spur more startups and entrepreneurship in Memphis. Ruffer, Przybszewski and Lemmonds let all of the finalists know along with any attendees that the resources of Launch Your City, Launch Memphis (and if they apply) Seed Hatchery are all available to these new startups and entrepreneurs at Emerge Memphis.

The LaunchPad free drop in co-working space and Launch Memphis were sponsors of Nibletz coverage of this Startup Weekend.

Here’s yo links:

Check out the winning team’s startup at CoachSpeak.com

For more information on LaunchMemphis, Seed Hatchery, and the LaunchPad Click here

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Buyer’s Unite Pitches Reverse Groupon Concept At Startup Weekend Memphis

Chicago startup Groupon has confirmed to the world the power of the group. LivingSocial and countless other startups compete in the same group daily deal model as Groupon with great success.

Joe Kennedy, a self proclaimed serial entrepreneur, has decided to flip that group daily deal model on it’s head. Instead of coming up with the group deal, and having a buy in, his startup puts the group together to form an adhoc buyers group. If you’re not familiar with the buyers group concept the best comparison would be to a food or grocery co-op. This is where communities are able to force a discount by joining together for a group buy.

Kennedy presented the idea at Startup Weekend in Memphis on Friday evening and got more interest from the group in attendance than he thought. Local young entrepreneur Harold Strong from Yadoog, a startup birthed at 48 Hour Launch in June, dove head first into assisting Kennedy and leading the team of 6 into product development.

Kennedy confirmed at press time that they will definitely be ready to show off proof of concept if not more Sunday evening during the Startup Weekend Memphis finals. In addition to reserving their intellectual property, and hashing out the technical infrastructure they also had to come up with the first vertical that Buyer’s Unite would tackle. The concept itself can work on any vertical but the team chose health insurance to insure (see what we did there), easy quick scalability.

Buyer’s Unite will offer several buying groups that their users can join but for the first group they hope to go to insurance carriers with thousands of people in the group ready to buy. That would in effect force the carrier to offer a sizable discount to guarantee that much business.

There are several monetization options and revenue models but Kennedy likes the idea of a very small fee on the transaction once the deal is complete. Paying $3.50-$5.00 for the ability to save over $100 on health insurance is a win win for everyone. We’ll see tomorrow if it’s a win for the judges.

Check out the video pitch below:

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Nashville Startup: ClockOut Gamifying Taking Off From Work, Small Business Will Love This

The Startup Weekend Memphis team has taken a few solo entrepreneur projects and given them a spot to present in tomorrow’s finals for $1000 a piece. One of those solo entrepreneurs Brandon Heller from Long Island NY by way of Nashville.

Heller is working on ClockOut. When pitched Friday night it was a simple app to take the process of asking off a shift at work and making it social. Through the ClockOut app smaller restaurants, franchisees, bars and small businesses, with shift type work, would have the ability to let their employees take ownership of swapping shifts.

With the app, integrated through Facebook, two employees could swap shifts, or get a shift covered, have a historic log of it on a private Facebook network, and then inform the manager. This way the manager knows the shift is covered, and everything goes on like a well oiled machine.

To take any need for fees away from the small business Heller also decided (with the help of one of the Startup Weekend coaches) to ganmify the process. Now employee A who needs a shift covered pays $5.00 to ClockOut. ClockOut holds onto the $5.00 less their fee. Now employee B who picks up the shift gets a point for every shift they covered. When employee B has covered 10 shifts they get all the remaining money in that pot of $5.00 payments.

For some shift workers $5.00 may be a little steep but it also may be worth it for whatever reason they are calling out. The $5.00 shift covering game encourages people to pick up shifts, knowing that when they’ve covered enough shifts they’ll get the money they earned plus an incentive from ClockOut.

Definitely an interesting concept. Check out the initial pitch video from Friday below:

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Startup Weekend Memphis: Legacy Interview (Friday Pitch Video)

This is the first time we’ve seen an idea quite like this presented at a startup hackathon. Legacy Interview works off the concept of chronicling a friend of loved ones life through interviews with mini-questions and video interviews. The idea comes after the founder realized that his father may not live forever.

As we get older we get into more in more in-depth conversations with our closest loved ones, as they get older though those conversations get harder and harder to have. The sad realization is that the friend of loved one won’t be here forever and you want them to share their lives with you as long as they can. Hold onto those moments with Legacy Interview and save them down the road for generations to come.

I’m in mid 30’s and I constantly wonder what would life have been like if all of these resources were available since my childhood.

Time capsuling our digital lives is becoming quite popular. My grandchildren, and yours as well will have way more access to our lives and legacies than ever before. Legacy Interview will contribute to that by providing a very easy mobile platform.

Legacy Interview will present on Sunday in the Startup Weekend Memphis finals. We’ll see where this idea goes after Startup Weekend. It would be a shoe in for integration with ancestry.com and even deadsoci.al

Check out the video interview below:

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