Kansas City’s Think Big Accelerator Holding Demo Day August 28th

The multi-faceted startup support organization, Think Big Partners in Kansas City is preparing for demo day for their accelerator program companies and other midwestern startups from across the Silicon Prairie area. ThinkBig is graduating their second cohort, but this is their first demo day.

This week, ThinkBig Parters is hosting a two day “PitchKamp,” which will be taught by the ThinkBig Partners and help prepare the teams pitching on the 28th for demo day in front of investors and media.

Here are the ThinkBig Accelerator startups pitching at demo day.

Fully: Fully is a kiosk-based mobile phone charging station that provides digital out-of-home targeted advertising to the consumer.
Kahootz: Kahootz is a consumer-focused online calendar platform that provides users with easier ways to combine, share and manage all obligations and profiles on one easy-to-maintain social-based platform.
Keyzio: Keyzio is a consumer-driven marketplace that connects people and helps them find, buy and sell real estate.
Phone2Action: Phone2Action makes a digital take action advocacy platform to power organizations and individuals to make change happen.
WeeJay: Weejay is a rewards-based social jukebox for bars, restaurants, and other businesses.

Here are the other regional startups pitching as part of the demo day festivities.

Katasi: Katasi provides an effective technological solution to the growing epidemic of texting while driving through partnerships with telecom providers.
Moblico: Moblico’s mobile engagement platform uniquely combines cloud based backend services for app developers with content, communication and loyalty management tools for application marketers.
PlanetReuse/InvenQuery: PlanetReuse is a consulting and brokering company focused on matching reclaimed building material with designers, builders and owners. InvenQuery provides technology to help retailers of unique merchandise handle inventory, point-of-sale and ecommerce.

“As a venture investor, there are increasingly more quality, early-stage investment opportunities that are emerging from the Midwest,” said Pat Doherty, Managing Member of St. Louis-based Saturday Capital. “I look forward to working more with groups like Think Big Partners, who have helped identify and support growing and innovative companies that are attractive investment opportunities.”

If you’re in the area and want to attend demo day you can register here.

Blake Miller, the Managing Director of ThinkBig Accelerator is speaking at Everywhere Else Cincinnati, September 30th. A few discounted tickets and discounted startup village booths are still available here.

Startups In The Fastlane: NMotion Startup SynerScan

While EMR (electronic medical records) are nothing new, and innovation continues to change the doctor’s daily life, there hasn’t been nearly as much innovation centered around the nurses. Specifically, nurses that are making rounds at any hospital or treatment facility.

Nurse rounds are still often documented using a clipboard, pen, and paper. If nurses need to enter something into an EMR, they often do it at the nurse’s station, transcribing it from that pen and paper.

It takes so long that Bryan Health in Lincoln, Nebraska sought the help of a Lincoln startup called SynersScan to help solve that problem. Typically it’s the other way around. The startup comes up with an idea and then tries to sell it to the user. Now there are users built in, in the case of Bryan Health, with more users waiting in the wings.

SynerScan, which is currently accelerating at Lincoln’s NMotion accelerator, is creating a digital platform to manage nurses rounds.

Synerscan is the latest startup in the “Fastlane” interview feature that talks with a startup currently in an accelerator program. Check out our interview below.

What is the name of your startup
SynerScan Technologies, or simply SynerScan.

What problem are you solving
What we’ve done is develop a software solution that enhances the benefits of hourly nursing rounds in hospitals. This process is currently documented on a physical sheet of paper, causing a couple problems. 1) That sheet of paper is typically thrown away, providing little to no feedback to management, and 2) Backlogging and accountability of nursing staff has become an issue as a result. What we’ve done is digitize the entire process, uncovering a number of value adds in the process. For example, we can now provide visual cues for any staff member to know when a round is due, real-time operational insight for management, and revolutionary communication to friends and family.

The best part about our solution is that we began with market validation. We are currently partnered with Bryan Health in Lincoln, who actually came to us to solve this very problem. What most companies do is spend months developing a solution only to find out that nobody actually wants to use it. We had a top 50 cardiovascular hospital come to us and say “here is our problem, who is able to solve it for us?”. That validation out of the gate has had a huge impact on our traction and chances of success moving forward.

The ultimate goal in changing the process of nursing rounds is to increase patient satisfaction in hospitals. Hourly rounding has been proven to increase patient satisfaction, decrease falls, and provide greater quality of care as a result. A hospital’s patient satisfaction score is what determines the amount of reimbursement a hospital receives from Medicare and Medicaid. These scores also determine the salary and benefits of a hospital’s executive staff. For these reasons alone, incentives are very high for a hospital to increase patient satisfaction. Our solution provides just that.

Nmotionad
Why now?
A lot of these incentives have come about as a result of recent healthcare reform. Hospitals will be compared to one another relative to patient satisfaction, infection rates, and many other metrics. Hospitals will be driven by quality, service, and costs in order to compete. Government sanctioned funds will be given or taken dependent on where the hospital ranks in regards to these metrics. For this reason, it will become imperative that hospitals implement tools to maintain a competitive advantage in the industry.

The US healthcare system is at a critical point in increasing quality of care for patients. Hospitals will no longer receive reimbursement based on a “pay-for-reporting” model, where they were simply required to post patient satisfaction scores. Every hospital in the country will now be reimbursed on a “pay-for-performance” model, where the quality of those scores will determine each hospital’s reimbursement rate.

Who are your competition?
There are a number of companies recognizing the potential of increasing patient satisfaction in hospitals. What’s great is that there is no one single way of doing so. What’s frustrating is that there are a lot of unknown and unavoidable factors that affect a patients perspective of their care. First impressions, last impressions, and unforeseen occurrences can drastically alter a patients perception of their care.

Although companies like Scan Am and Walsh Integrated have similar solutions in the healthcare space, we have a few tricks up our sleeve that help differentiate us as serious players in the industry.

What’s your secret sauce?
What really sets us apart from our competition is the communication platform we have engineered to provide friends and family with relative insight on the condition of their loved one. With our solution, we are able to push nursing round information to a family members smartphone, tablet, or PC. If you have to be at work or home with the kids, no longer do you have to wonder about the kind of care your significant other is getting. The feedback we’ve received on this aspect of our solution alone has been outstanding. Since our launch at Bryan Health, we have helped family members from San Francisco, Dallas, Chicago, Minneapolis, Kansas City, and everywhere in-between see the quality of care their loved ones were receiving, all in real-time. Imagine you had a child or spouse in the hospital and the importance of a tool like this because quite clear.

Where are you/were you based before NMotion?
Born and raised right here in Lincoln.

Why NMotion?
There are some really cool and innovative things happening in Lincoln right now. Most people are oblivious to this fact. We are still highly referred to as a flyover state and this simply isn’t the case. Our entire founding team is comprised of University of Nebraska – Lincoln alumni, and one of our primary goals is to change the perception people have about Lincoln and the potential that remains untapped here. Jumping on the opportunity to be a part of Lincoln’s first accelerator program was a no brainer.

What’s one lesson you’ve learned since the NMotion session has started.
Before NMotion, our team was progressing at a steady rate. We were making informed decisions, building relationships, and learning everything as we went. What we realized very quickly after starting NMotion is that we weren’t moving fast enough. We were doing too much strategizing and needed to simply begin executing. We are now moving faster, breaking things, learning quickly, and repeating.

Where can people find out more?

Check out our website at SynerScan.com

Email us at info@synerscan.com

Scholarship Funds Set Up On Indiegogo For Teenage Pennsylvania Heroes

Back in July a 5 year old girl named Jocelyn Rojas was abducted from her Lancaster, Pennsylvania home. Meanwhile an incoming freshman, 15-year-old Temar Boggs, was helping a neighbor move a couch into her home. While they were moving the couch, Rojas’ mother hysterically asked them of they had seen her daughter. Boggs and friend Chris Garcia immediately joined the search for the little girl by foot.

Many sites, like the Huffington Post, reported that the two teenage boys thought it would be more effective to continue the search on their bikes. The neighborhood they all live in is filled with dead ends and strange cul-de-sacs. The local police were already on the scene and congregating at some of the intersections in the neighborhood. This made the abductor drive in and out of the backstreets and look very suspicious.

Boggs saw that suspicious maroon car and kept up with it on his bike for 15 minutes, eventually making eye contact with the suspect and the little girl. The suspect eventually wanted to flee and knew his cover was blown, so he pushed the little girl out of the passenger seat. She ran straight to Boggs. Many news outlets report that once in Boggs’ arms, the young Rojas didn’t want to leave the boy’s protection. He eventually convinced her that it was safe to go with the police.

If you choked up a bit during this story, you did the same thing as Mary O’Donnell, a complete stranger from Dunkirk, New York.

“I just felt like, ‘God, I would love to do something for these kids’,” O’Donnell told Lancaster Online by phone. “And I figured there were probably lots of other people who felt the same way.”

She jumped into action, launching a college fund campaign on popular crowdfunding website Indiegogo. Now we typically cover Indiegogo when someone is creating a new and exciting gadget or product. We’ve even used Indiegogo to crowdfund our sneaker strapped startup road trip. But after seeing how easy it was for O’Donnell to put some action where her mouth was, we found this story about crowdfunding to be an amazing one.

O’Donnell set out to raise $10,000 which she planned to give to Boggs and Garcia’s families for college. However, four days after putting up the site it was already over-funded. In fact with 23 days left, as we publish this story there is well over $15,000 raised. It looks like they’ll have no problem clearing $25,000.

Right about the same time David Reed, a 59-year-old retired pilot from Missouri also established a fund for the boys. He is hoping to raise $100,000.

“I’m sure that’s a lucky expectation, but with the cost of college these days, I figured it would be great to help them out. They certainly deserve it,” Reed said in an interview. His fund has raised over $2500 to date.

Tamika Boggs, Temar’s mother, has also set up a scholarship fund in Lancaster, Pennsylvania. More information on that can be found here.

Crowdfunding will be a hot topic at this national startup conference.

Put Congress In Your Pocket With This Nashville Startup

With smartphones in the pockets of tens of millions of people, information is extremely easy to obtain. You don’t even need to wait to get home to check something on the internet. You just reach into your pocket and hit Google or whatever your favorite information source is.

The information age, the internet age ,and now the mobile age has made government more accessible, and with that accessibility becomes accountability. Long gone are the days that any Congressman or other elected official can just sneak something passed the people. When a bill is before Congress, voted on, or signed, you can find all the information about it online. You can look it up on your phone as well.

Now a Nashville Startup called PocketCongress is looking to streamline all that information into an easy-to-use app. SouthernAlpha reports that David Swift was watching the news one night and wanted to look up further information on some legislation that was just reported on. He found the process of finding that information more cumbersome than he thought it should be. To make it easier he created PocketCongress.

We talk with Swift in the interview below.

What is your startup called?

Pocket Congress

What does your company do?

We are an easily accessible research tool for Congressional information. Search various ways in both legislation and legislator fields.

Who are the founders, and what are their backgrounds

I, David Swift, am a local business owner in Nashville and am constantly looking to become more involved in the tech world. I concocted this idea in early 2011 and refined it over the next few years. In August of last year, I connected with an old high school classmate, Joey Vadala. Joey is a long-time techie and computer genius, even since the high school days. He’s built a few apps and I was impressed. Looking for someone who would build the app for profit equity AND pull off a simplistic, usable UI/UX, Joey was a great fit. Joey absolutely crushed the fine design details and construction of the app. I handle the business aspect of things, marketing, etc. and Joey is working on 2.0 for Pocket Congress.

Where are you based?

Nashville, TN

What’s the startup scene like where you are based?

Fantastic. There’s a lot of old money here, nearly all of it concentrated on the health care industry. That tide is slowly turning with all kinds of tech start ups popping up here and there. The new building of the Entrepreneur Center is magnifying a lot of start ups that wouldn’t get the attention otherwise.

What problem do you solve?

We solve the lack of true government transparency and the inability for the casual news-watcher to gather any real content on what’s being reported on their TV, what’s being voted on in their capital, and ultimately what’s affecting their lives on a daily basis. The entire concept of Pocket Congress is to further true government transparency and to aid in involving the casual political observer. The app is easy enough to navigate for a casual news watcher, but has enough information for a political junkie. The information is out there and is researchable, but not easily and quickly. Pocket Congress allows not only quick research & reference, but also tracking of legislation and social sharing of all information. Real government accountability and transparency must be done by the people, not the government.

Our app searches both Members and Legislation. In Members, one can search via: current location, name, ZIP code, committee, state, or browse. In Legislation, one can search via: HOT bills, number, locally sponsored, keyword, recent actions, and type. You can read actual legislation via .pdf. Anyone can interact with local senators and representatives by easily accessing their Twitter feed, biography, district map, committees, and all their social media outlets. One of my favorite features is the ability to tweet directly to a senator, send them an email, or call their office directly from the app.

Why now?

We need it now more than ever. (How many times have you heard that?) There are now more iPhone users in existence now than ever before. As a country, that’s more ready access than has ever been provided in the past. Never has Congressional members and the legislation they pass been so easy to access and share. Our phones are always with us, so an app is truly the timeliest way to access this type of information and a real vehicle for government transparency.

What are some of the milestones your startup has already reached?

We have been featured in SouthernAlpha’s blog. We are followed on Twitter by a few Washington Post journalists, and have been retweeted by Congressional members, most notably Darrell Issa. After being in the App Store for 5 days, Apple chose us as a New and Noteworthy app in the Reference section. We currently headline the Reference section in the App Store.

What are your next milestones?

A segment on Mike Huckabee on FOX. We have a connection to him particularly, as I worked with him personally on his last book signing tour over a course of three weeks. He’s a large government transparency advocate. We would then like to leverage that appearance to other media outlets, including other politically-charged TV shows.

Where can people find out more? Any social media links you want to share?

Website: http://pocketcongressapp.com

iTunes short URL: https://itun.es/us/VgmgL.i

Joey’s personal page: joeyvadala.com

Raleigh To Get New Living/Learning Accelerator, ThinkHouse

The Research Triangle Park (RTP) area of North Carolina is known for its, well, research, and lately, for its startup efforts. There are so many entrepreneurial things going on in Raleigh, listing them all could make your head spin. Obviously, this is a good thing. It’s good for the Raleigh Durham, area and it’s good for the economy.

Things like the American Underground, HQ, Triangle Startup Factory, and many more entrepreneurial efforts are making sure that entrepreneurs exiting out of some of the finest institutions in the south east (Duke, UNC, NC State) have access to continued resources and support.

Well now, HQ Raleigh co-founder Jason Widen and Chris Gergen, and entrepreneurial veteran in Durham, have teamed up for a natural next step, a living and learning accelerator.

In what is being dubbed the “ThinkHouse,” entrepreneurs are going to live and develop their ideas in one place. Many studies have shown that when you work and live in the same place, it can be a lot more productive. 4am brainstorming sessions don’t involve waiting for someone to come to the office, and at the same token, a 9am rock climbing, clear-your-head expedition can be easily arranged. While living and working in the same place may seem harmful and means more work focus, it’s actually the opposite.

With all that in mind the Triangle Business Journal reports that ThinkHouse will house a group of “entrepreneurs in residence” who will take a 9 month residency in the house. The entrepreneurs will be selected by a panel, like any other accelerator, and then they’ll be able to collaborate with each other, mentors, and a peer advisory board.

The group plans to open up 50 think houses in 50 cities within 5 years. You can find out more here.

Is This Brazilian Startup The YouTube Of Books?

The publishing industry is ripe for a disruption, and many of them. The traditional music industry where we used to buy records, tapes, and CD’s has been all but replaced by digital media. Many predicted that books would always be safe. People love the touch, the feel, and the smell of actual books.

Now Borders is gone, Barnes and Noble has shut down many of their stores, and the mom and pop shops are drying up. It’s unfortunate for readers. But just like in the music industry, it leaves a gaping hole for disruption. Everything from distribution, to consumption, to the publishing of digital books is all open terrain for the right startups.

One Memphis startup, Screwpulp, is well on their way to disrupting the self publishing model with their unique platform that calls for feedback in exchange for free books.

Brazilian startup Widbook is a digital collaborative reading and writing platform where authors can improve their writing, publish books online for free, and solicit feedback and work together with fellow members. It was launched in June 2012 and was instantly described by Mashable as “The Youtube of Books.” The platform recently reached a milestone 30,000 members and has over 1,100 published books with thousands being written.

We got a chance to talk with the team behind Widbook, check out the interview below.

Who are the founders and what are their backgrounds?

FLAVIO AGUIAR Co-founder and CEO at Widbook

Early career

• Founded Digitale.XY2 digital agency, a company headquartered in Campinas and São Paulo that has for 10 years worked with the planning of digital marketing, digital presence and consultancy.

• Was head of the merging process with Attitude Global group, one of the biggest commutation groups in the world.

• Has worked in the software development market as system analyst and participated in the official process of implementation and assessment of the CMMi methodology.

• MBA in Strategic & Economic Business Management from Fundação Getúlio Vargas (FGV) and Ohio University in the U.S.

ANDRÉ CAMPELO

Co-founder and COO at Widbook

Early career

• Founded Digitale.XY2 digital agency, company headquartered in Campinas and São Paulo that has for 10 years worked with the planning of digital marketing, digital presence and consultancy.

• Was ahead of the merging process with Attitude Global group, one of the biggest commutation groups in the world.

• He has been one of the directors of APADi – Associação Paulista das Agências Digitais (São Paulo Association of Digital Agencies) since 2010.

• MBA in Strategic & Economic Business Management from Fundação GetúlioVargas (FGV) and Ohio University in the U.S.

JOSEPH BREGEIRO

Co-founder and CTO at Widbook

Early career

• More than 13 years of experience as web developer and project manager

• Was the chief systems architect of e-Commerce of Fnac Brasil (fnac.com.br) and was responsible for its entire system development and support team.

• He participated in the official process of implementation and assessment of the CMMi methodology and was responsible for the study and implementation of several other technologies in others companies.

What’s the startup scene like in Brazil?

The company is based in Brazil, but plans a move to the U.S. in the future. The platform is virtual and has a presence in over 200 countries worldwide (with 60 percent of its users from the U.S.). The startup scene in Brazil is fairly new compared to the U.S. but it’s growing quickly. The government is starting to offer programs to support startups and lots of well-known events, like TED Global and the MIT Global Startup Workshop, are coming to Brazil.

What problem do you solve?

The publishing industry receives hundreds of thousands of manuscripts/book submissions each year and only a small fraction are reviewed, and even fewer accepted. Widbook offers members the opportunity to bypass the publishing house and publish their work quickly easily (while also getting valuable feedback from other members).

Why now?

The ebook industry is positioned to expand beyond the print book market by 2017 (driving $8.2 billion in sales by then). Widbook wants to offer more than just a platform for self-publishing; it wants to be the place where people go to read and write ebooks for free and collaborate and network with other members.

What are some of the milestones your startup has already reached?

Dec. 2012 – Investments secured by W7 Brazil Capital

Feb. 2013 – Widbook 2.0 released

May 2013 – Widbook team attended NYC’s Book Expo America

June 2013 – Widbook CEO attended START Series event START SF (an invite-only gathering of 150 early stage startups and entrepreneurs)

July 2013 – 30,000 members reached

What are your next milestones?

The iOS app is in the works and set to be released soon (Android app is already available for download), and we hope to be at 50,000 members in the very near future.

Where can people find out more?

Widbook.com

Widbook on Facebook

Read this: How to nail your next VC Pitch

Founder Spotlight: Matt Ehrlichman CEO & Co-Founder, Porch

Matt Ehrlichman is the CEO of Porch, where you can get inspired by the best home projects your neighbors have completed, see what any home project will cost, and find the best service professional your neighbors and friends recommend. Previous to Porch, Matt was a founder and CEO of Thriva (acquired by ACTV) and Chief Strategy Officer of Active Network (2011 IPO). Matt lives in Seattle, WA. Follow him @mattehrlichman.

Who is your hero?

My personal hero is Pete Carroll. My business hero is Warren Buffett.

What’s the single best piece of business advice that helped shape who you are as an entrepreneur today, and why?

No one will ever remember how much money you made or what your title was. They will only remember you for how you changed and impacted the world in a durable way. Because of this, I am on a mission to build a truly great company that improves the world one household at a time with Porch.

What’s the biggest mistake you ever made in your business, and what did you learn from it that others can learn from too?

The first company I ever started was a sports summer camp in Western Washington at age 14; later, I needed to transition the camp into new leadership. With the change in leadership, the camp failed to continue. Had I known better, I would have worked harder at diligently finding the best way to balance not only the camp sustainability but a successful exit as well.

What do you do during the first hour of your business day and why?

I methodically organize my week to make sure I provide appropriate attention to our key efforts: management, consumer growth, product, marketing, and sales. During the first hour of each day, I speak with the respective discipline leader (walk and talks). We go over priorities and execution, and I roll up my sleeves to dig into subject matter challenges.

What’s your best financial or cash-flow related tip for entrepreneurs just getting started?

Entrepreneurs by nature make mistakes and take opportunistic risks. We track key financials and metrics that provide us with health and appeal for investors. The only one that matters at the end of the day is your last day. Keep strong watch on your cash runway end date, and ensure that you know what the date is with no revenue as well as with conservative estimates.

Quick: What’s ONE thing you recommend ALL aspiring or current entrepreneurs do right now to take their biz to the next level?

Turn the tables and ask your employees to give you a 360 review!

What’s your definition of success? How will you know when you’ve finally “succeeded” in your business?

Success to me is building a truly great company that solves a really big problem. I will know that I am successful if I build a company that delights customers, creates beautiful experiences, helps millions of small businesses, and forms a culture and team passionate about embarking on a joint mission.

The Young Entrepreneur Council (YEC) is an invite-only organization comprised of the world’s most promising young entrepreneurs. In partnership with Citi, the YEC recently launched #StartupLab, a free virtual mentorship program that helps millions of entrepreneurs start and grow businesses via live video chats, an expert content library and email lessons.

Domino’s Realizes They Are Startup Fuel! Offering $500 Pizzavestments To Startups.

Domino’s is embracing the fact that their pizza fuels thousands upon thousands of hours of time spent working on startups. Pizza and Red Bull power hundreds of hackathons. I’ve spent many a Startup Weekend eating pizza for breakfast, lunch, and dinner.

Now the Ann Arbor-based pizza giant has embraced its relevance in the startup world with a brand new TV advertisement.

“Without pizza, school projects and music albums might go unfinished. Startups, unstarted. …No one’s coming up with a world-changing idea over halibut. No way. It has always been pizza,” the announcer says in the commercial.

“No one knows the power and possibility of a great idea more than Domino’s, having been the ones that truly revolutionized pizza delivery over fifty years ago,” said Russell Weiner, Domino’s Pizza chief marketing officer, in a statement. “Gatherings that create great ideas often include pizza — and we want to do what we can to fuel the next revolutionary concept that will also continue to be celebrated fifty years from now.”

This ad is part of a new campaign to show Domino’s support of startups. The company has also announced that they are giving 30 startups $500 pizzavestments, $500 gift cards for free pizza. These pizzavestment cards will be delivered in the above pictured pizza box shaped attache case. The company hasn’t announced how to get the pizza cards just yet.

They are also partnering with crowdfunding site, Indiegogo, to give people who support upstart projects free pizza as well, reports creativity-online.

Watch the new TV spot below and as soon as we find out how to enter to get that pizzavestment, we’ll pass it on!

Coca-Cola Changing The World, Not Just Making Sugar Water, With 9 Accelerators

I was one of the first people to see the Jobs movie at an early showing on Thursday evening. One of the big highlight scenes in the movie is when John Sculley recounted the conversation he and Steve Jobs had in New York when Jobs went to recruit the then President of Pepsico to become the CEO of Apple. Jobs once considered it to be the worst move of his career (or at least that’s what the movie and Walter Isaacson’s book suggest). In that conversation Jobs reportedly asked Sculley if he wanted to sell sugar water the rest of his life, or if he wanted to change the world.

Well it looks like Coca-Cola isn’t content on just selling sugar water either. Coke has made another global move towards innovatino by supporting startups with nine global accelerators. The company made a bold show of support for startups back in April when it was announced that they were a large corporate sponsor of Startup Weekend and now UpGlobal.

VentureVillage reported on Thursday that Coca-Cola has already started accelerator programs in San Fancisco and Sydney. They also just recently kicked off a program in Mexico City, with Rio de Janeiro, Buenos Aires, Bangalore, Berlin, Singapore, and Istanbul all on tap as well.

Coke isn’t looking for the next wild flavor or even a revamp of its bottles or cans. They are looking for innovation in distribution and well being. Coca Cola’s global Vice President of Innovation David Butler gave a presentation in early August in Sydney outlining the programs.

“About a year and a half ago, the company stepped back and said – what are we not doing in terms of innovation?” Butler explained. “You can get lost in that word but essentially what we came down to is that there was a lot going on in this ecosystem, this community, that we weren’t part of…”

As to what Coca-Cola is looking for, Butler said it was up to the individual programs across the globe. When asked by an audience member; “So it could be as broad as a Coke-branded wearable device that helps you be healthy or it could be, actually Coke will do your deliveries for you?” one audience member asked.

Exactly, Butler replied. “Those are two ideas we’re working on right now.”

Venture Village also reports that this isn’t Coca-Cola’s first shot at startups and accelerators. In 2001 they formed a startup incubator in their hometown of Atlanta, Georgia, that offered $250,000 in seed capital for up to 12% equity. Bloomberg reports that the program eventually fizzed out for unknown reasons.

Check out Coca Cola’s “Innovation Stories” blog here.

CincyTech Closes Biggest Fund To Date

CincyTech, the public/private partnership, seed stage investor, and pillar of the Cincinnati startup community, has reportedly raised it’s largest fund to date. Earlier this month The Cincinnati Business Courier reported that CincyTech has closed on a $10.8 million dollar fund.

CincyTech Fund III, LLC combines a $5 million Ohio Third Frontier investment with $5.9 million raised by CincyTech from Southwest Ohio partners.

Like CincyTech Funds I and II LLC, Fund III will invest in companies focused on information technology and bioscience that are based in or willing to move to Southwest Ohio. The fund has the capacity to invest in at least 15 companies.

“Over the last five years there has been a significant increase in seed stage investment activity in the Cincinnati region. CincyTech Fund III will enable us to continue to invest in entrepreneurs in Southwest Ohio to create jobs and wealth to propel our region forward,” said Bob Coy, president of CincyTech.

CincyTech has a variety of investors that have participated in Fund III, including eight local institutions and 51 individual investors.

“The number of individual investors in Fund III represents a dramatic increase from the nine individual investors in Fund II. These individuals are the foundation of the larger seed stage investment syndicates that we organize for our portfolio companies. Based upon our past investment experience, for every dollar invested in a startup from Fund III, an additional $3 will be invested by other investors in the seed round prior to an investment by an institutional venture capital fund,” said Coy.

Local institutions that have committed to invest in Fund III include Castellini Foundation, Cincinnati Children’s Hospital Medical Center, The Christ Hospital, The Greater Cincinnati Foundation, and the Health Foundation of Greater Cincinnati.

CincyTech has invested in $15.3 million dollars in 43 portfolio companies, including ChoreMonster, Impulcity, Lisnr, VenturePax, Ahalogy and many more.

Speaking of Cincinnati, this huge national conference for startups everywhere else is in Cincinnati Sep 29- October 1.

After Building Up The Neighborhood MassChallenge Priced Out Of Boston’s Innovation District

Although the news may not be good for MassChallenge, the fact that they have been priced out of their own neighborhood is actually a testament to the success the accelerator/incubator program has brought to Boston. Many in Boston’s Innovation District believe without MassChallenge there would be no district.

According to Boston.com, one of the country’s biggest and most successful accelerators needs to be out of their 14th floor space at One Marina Park Drive on Fan Pier by next July.

MassChallenge is currently housed in prime real estate in the heart of what’s now known as the Innovation District. The area got its name from the startups and young entrepreneurs it attracted to the area, many of which were part of the MassChallenge program. Since 2010 MassChallenge has consistently helped over 100 startups a year through their program. Many of them choosing to stay in the Innovation District to grow their companies

MassChallenge has about 25,000 square feet at their current location, which they were able to stay in rent free.

“We’re basically like a marketing amenity for the building,” MassChallenge founder John Harthorne told Boston.com.

Since they moved in three years ago Enernoc, Goodwin Proctor, and Battery Ventures have signed leases in the same flagship building. Countless smaller startups have taken up space in the surrounding neighborhood.

Now, with all of these startups and companies moving into the area because of the groundwork that MassChallenge has laid, the owner and developer feels like he can attract a paying tenant to the same space.

While Harthorne wants to remain in the Innovation District, he’s not worrying about the accelerator having a roof over its head. They are currently in negotiations for a possible spot at Landmark Center near Fenway Park and the Bronstein Center, also in Innovation District. Both landlords see the value in having MassChallenge as a tenant, so they are also offering free rent.

“We’re kind of torn,” Harthorne says. “We love the Innovation District, but Landmark is close to the medical center, which is a thriving area of the city. Our current lease is up in July of next year, and so we do need to do something ahead of next year’s program. We’re eager to make a decision really soon,” he says.

They expect to announce their decision at the October 30th awards ceremony for this year’s class.

Find out more about MassChallenge here.

Columbus Entrepreneurs Sparking Innovation With Sundown Rundown Events

With a name like Paul Proffitt, it’s easy to picture this Columbus-based entrepreneur helping people make money. He just wants to make sure it’s done the entrepreneurial way. In an interview Proffitt told us that he’s been a lurker in Columbus, Ohio’s tech community since the 90’s, when he worked with the now defunct Talon New Media Ventures and OnVentures incubators. Since then Proffitt has been working in higher-ed and digital marketing.

In 2006 though, he got re-bitten by the entrepreneurial bug when his team took second place at the OSU business plan competition for a biodiesel startup. Nowadays you can find Proffitt at Columbus State Community College where he is an adjunct faculty member and being a judge and mentor for the OSU Business Plan Competition. With all that experience Proffit wanted to do something even more.

Proffitt has created a monthly pitch focused startup event called Sundown Rundown. These aren’t business card pushing events. Sundown Rundown calls for 5 minute pitches with 5 minutes of feedback, and startups are vetted in advance. Sundown Rundown connects investors, mentors, and talent across the Columbus region.

We got a chance to talk with Proffitt about Sundown Rundown.

What does your company do?

We are a monthly evening business idea pitch event series that connects entrepreneurs with investors, mentors, and talent to help get their companies to the next step.

Who are the founders, and what are their backgrounds

Paul Proffitt – A lurker in the Central Ohio Entrepreneurship scene since the late 1990s who had worked with now defunct Columbus based incubators Talon New Media Ventures and OnVentures. Got bit by the entrepreneurial bug in 2006 when his team took second place at the OSU Business Plan Competition for a biodiesel startup. Besides having full-time gigs in higher-ed and in digital marketing, he spends his remaining professional time being an adjunct faculty member at Columbus State Community College and acts as a judge and mentor for the OSU Business Plan Competition.

What’s the startup scene like in Columbus?

Its growing. There was some progress in the late 1990s, but the dot com bubble forced a reboot in the early 2000s. The state figured they needed to diversify their economy and created the Third Frontier Fund and state money backed, private non-profit incubators started popping up.

At best the startup scene is fragmented. A lot of attention is paid to those low investment, potential high return software based startups and capital intensive, long development medical and bio tech. Nothing solid right now in the middle, small to mid-sized business startups.

What problem do you solve?

Trying to defragment the scene and get a self-sustaining community running in Central Ohio to help bring good business ideas to the forefront regardless of their industry.

Why now?

It feels right… if you take your shoes off and stand in the grass you can feel the karma starting to align in Central Ohio… it could go good or bad at this point… say the same set of factors happen around the 2000s. I kind of want to help put Central Ohio in a position this time for something good to happen and not have another reboot that will take another 15 years to get to another make or break point.

What are some of the milestones your startup has already reached?

We’ve established credibility in the Central Ohio entrepreneurial community as something that can be trusted to give people a fair shake at getting an idea out into the community. Showing we don’t play favorites for people who come in and pitch. We’ve got an audience that shows up and we have interest in people wanting to pitch their ideas each month.

What are your next milestones?

Keep growing…. The bar we hold the event at holds, 150 people. We would love to have to find a bigger place at some point.

Get funding for this events. We do it on a shoestring and right now the rental for the space is the biggest cost.

Where can people find out more?

http://sundownrundown.org

Checkout this huge national startup event in Cincinnati Ohio.

Image: sundownrundown.org

The 20 Best Accelerated Startups In Tennessee Make The TENN Finals

Launch Tennessee, the private/public partnership that oversees 9 accelerators across the state, is running a “super accelerator” of sorts, appropriately called the TENN. The TENN starts off with a statewide demo day on August 27th in Nashville. At that event, 20 startups, announced on Thursday, will pitch their business.

A group of national investors and entrepreneurs will narrow that field from 20 to 10 at the statewide event. The demo day investor panel includes Sabeer Bhatia, chairman and CEO of Sabse/Jaxtr and founder and former CEO of Hotmail; John McIlwraith, managing partner at Cincinnati, Ohio-based Allos Ventures; John Greathouse, general partner at Santa Barbara, Calif.-based Rincon Venture Partners; Sig Mosley, managing partner at Atlanta, Ga.-based Mosley Ventures; Bob Crutchfield, partner at Birmingham, Ala.-based Harbert Ventures; and Mike Tatum, serial entrepreneur and CEO of Workbus. Governor Bill Haslam will announce the 10 companies that will comprise The TENN.

After the TENN is announced they will embark on a statewide bus tour, parading the startups in front of the state’s biggest companies and innovators. The TENN group will also have access to a master mentor network pulling from all nine accelerators. The TENN startups will also receive free office space, either at one of the regional accelerator headquarters or receive a subsidy for office space.

Launch Tennessee partnered with the Blackstone Foundation to hold the TENN program.

Here are the 20 finalists for the TENN program:

East Tennessee (6):

Hutgrip
FwdHealth
HATponics
Vendor Registry
Survature
Renewable Algal Energy

Middle Tennessee (9) :

eClinicHealthCare
InCrowd Capital
Gun.io
Got You In
Newsbreak
Ecoviate
Green Dot Charging
March Fuels
Graphenics

West Tennessee (5):

ADVANCE Inventions
Mobilizer
ScrewPulp
Health & Bliss
View Medical

“These 20 startups are an exceptional representation of the innovative and promising ideas emerging from Tennessee’s accelerator programs,” said Launch Tennessee CEO Charlie Brock. “From the quality and diversity of applications submitted across the state, it is apparent that Tennessee’s network of accelerators, which is unique in the nation and Launch Tennessee helps fund, is working well.”

You can find out more about Launch Tennessee at LaunchTn.org

Follow Friday: Follow These Startup Rockstars

Our Follow Friday tradition continues with another list of great startup people to follow on Twitter. Today follow the list of startup rockstars below. Then, get your attendee or Startup Village ticket for Everywhere Else Cincinnati, where you can see them all in person, speaking and networking with startups from “everywhere else”.

Jonathon Perrelli, Founder, Fortify Ventures
Mark Hasebroock, Dundee Venture Capital
Jason Healey, Founder, Blu eCigs
John Bracken, Founder of e-vite and Speek
Dave Knox, co-founder Brandery, CMO Rockfish
Patrick Woods, Managing Partner a>m Ventures
Andrew Warner, Founder, Mixergy
Raghu Betina, Managing Partner, The Starter League
Wil Schroter, Founder Fundable
Ryan O’Connell, VP Influence & Co
Blake Miller, Managing Director, Think Big Accelerator
Sarah Ware, Founder Markerly
Naithan Jones, Founder AgLocal
Michael Bergman, Founder, Repp
Andy Sparks, Co-Founder MatterMark
John T. Meyer, Founder, Lemon.ly
Jake Stutzman, Founder, Creative Director, Elevate.co
Blair Garrou, Managing Director, Mercury Fund
Joe Medved, Parter, SoftBank Capita
Derek Flanzraich, Founder & CEO, Greatist

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