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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Nashville Startup: PhotoRankr Prepares For JumpStart Foundry Demo Day INTERVIEW

It’s Demo Day month in Tennessee. Last week was Demo Day at the Gig Tank, Chattanooga Tennessee’s startup accelerator themed around the city’s one gigabit fiber optic network.

This week is Zero to 510’s Demo Day in Memphis Tennessee. Zero To 510 is the first cohort based medical device startup accelerator in the country. Their teams are preparing for this week’s big event with a series of rehearsals in Memphis this week. This makes the third big startup event in just as many months in the river city. 48 hour launch kicked off the summer, then there was Startup Weekend and Demo Day this Thursday.

200 miles east of Memphis the seven remaining teams in JumpStart Foundry are preparing for their Demo Day next week. Solidus Partner Vic Gatto told us last week that there were 10 teams originally but three teams couldn’t keep up with the rigorous training, working and perfecting their startup and dropped out of the program.

PhotoRankr is one of the seven startups preparing to present next week. They bill themselves as a community and a marketplace for passionate photographers. Of course right off the bat we noticed that PhotoRankr has an actual up and working product. The website for PhotoRankr is polished and aesthetically appealing to anyone, especially those photographers with a nose for design.

Within PhotoRankr members can get genuine feedback from fellow photographers. They can also find link minded photographers that they would want to learn from. They can find photographers based on portfolio, location or skill level which means the user can have role model photographers and peers to exchange experiences with.

PhotoRankr also offers a marketplace for their users own work. PhotoRankr members can sell their original work for whatever price they would like. It gives a much more creative and artistic source versus traditional stock photography sites.

In reading all of the profiles for next weeks startups it’s a tough call. We got a chance to talk to the PhotoRankr team in the interview below. Check out the interview and then after that hit the link and check out PhotoRankr yourself.

When Bad Names Happen To Great Startups: Corpora And More NSFW

We were in Chattanooga Tennessee this past week covering GigTank’s demo day. GigTank is a three month accelerator that was centered around building startups that utilized Chattanooga’s 1gb city wide fiber optic network. Chattanooga’s 1gb fiber optic network launched a year before Kansas City’s, Google backed 1gb network.

The first team that presented was a startup from Asheville North Carolina called Corpora. Corpora is a platform that uses social media to aggregate and crowdsource things on a grand scale. For the purposes of the competition they showed off how the service could be used to track medical conditions like allergy clusters. Corpora could also be used to source clusters of other conditions like a food poisoning outbreak or conditions with widespread results.

One of the judges quickly shot the idea down by suggesting that they wouldn’t tweet about “a rash”. Aside from that, and if you can look past the medical vertical, there is a lot of data that could come out of something like Corpora. Although they didn’t win the grand prize of $100,000 they definitely have an idea worth continuing on now that the accelerator program is over.

So why is Corpora in the headline?

Well Thursday morning while sitting at the press table on the second row at the demo day presentations, I discovered something quite disturbing about Corpora. I had just finished video taping their pitch and began to compile this story about Corpora. After writing a short summary of their presentation, and uploading the video to YouTube, I began to hunt for a logo for the startup. Like most people the first thing I did was a Google images search.

I wholeheartedly apologize to anyone reading this who was seated behind me and had their eyes on my monitor instead of the actual presentations. You see Corpora yielded a search for Corpora Cavvernosa. The first page of Google images results yielded over 25 pictures of penises. Some of the penises were pierced, some cut open, some were just medical illustrations. You see Corpora Cavernosa is the tissue part that runs on top of the urethra and fills with blood and expands as a result of nitric oxide during arousal. Yes Corpora Cavernosa is the actual part of the penis that “gets hard” during an erection.

In a half joking manner and in a half “WTF why didn’t these entrepreneurs vet this out better” manner, I texted a few of my colleagues who were sitting a few rows back (sorry Eric and Patrick) and of course they too saw the disturbing pictures that undoubtedly you’ve gone and Googled now as well.

Some may say that this is a minor thing, on the contrary it’s something that’s minor but could have been dealt with early on. They don’t actually have any significant brand presence at the moment.

We’re not totally in the clear either, however we knew about our issue early on and decided not to worry about it. There is an Urban Dictionary definition of niblets (with an s) that means something that may be a bit on the NSFW side (I’m sure you’ve Googled it now as well).

Our situation is a bit different, that colleague of mine I mentioned above Patrick Woods is a director at archer>malmo’s a>m ventures group. They specialize in branding, brand identity, advertising, and PR. Woods would love for us to change our name. When he thinks nibletz he thinks snacks, and now of course the UD definition we told him about.

Our name came about because we actually came out with our original tag line before the name itself, which was: “Small crunchy bytes from the tech and startup scene”. As a compliment to our huge Android site (which was sold in April) we came up with Nibletz last year. Our original plan was to do a capsulated version of tech and startups similar to what you would find on TechCrunch. We pivoted in January to “the voice of startups everywhere else” and kept the name.

Unlike Corpora we have an established brand presence so for now the name is the same.

a>m ventures has submitted a suggestion for a SXSWi panel/talk in 2013 called “When Bad Names Happen To Great Startups”. If selected archer>malmo’s Chief Creative Officer Gary Backaus along with their Senior Copy Writer will host and moderate a discussion on the importance of naming and having a great name that you can build an even greater brand identity with.

They’ll highlight some of the companies that have changed their names under archer>malmo’s direction and done very well.

Name changes happen for many reasons, but it’s much easier and a lot less costly when little nuances like your name being part of the word for erection, come up early on in the startup process. Even major corporations sometimes go through name changes. Phillip Morris Companies, the manufacturers of Marlboro cigarettes and one time owner of Kraft foods recently went through a name change to Altria. Of course for Altria many will always refer to them as Phillip Morris.

The Haloid Company was the first name for Xerox. Lucky Goldstar, the Korean company that became LG, changed their name for better global adaption. Under the Lucky Goldstar name they released a number of very low end electronics, this may have had to do with the shift when they started shipping flat screens, and smartphones worldwide. Now with the shortened name they’ve adapted the slogan Life’s Good.

Many don’t realize that when they fly AirTran they are traveling on the same carrier once known as ValueJet Airlines. ValueJet quickly made a name for themselves in the early to mid 90’s until 1996 when a crash in the Everglades caused them to change their name permanently. Now, most people have forgotten (or didn’t know) that Airtran is ValueJet and just associate AirTran (a unit of Southwest) as a value carrier.

Our own word?

One thing we like about nibletz is that we’ve made it our own by swapping the S for the Z. Do we think we’re the next Google? No of course not but made up words can be fun. The downside to made up words is when you invert a letter like we did or use some other creative spelling that’s hard to articulate in speaking. We are forced to use some SEO ninja skills to help direct people who may be looking for us with an “s” and not a “z”.

We’ve also had a problem with good ole Heather who holds the Twitter name “nibletz” she used the name nibletz as her gamer name for many years and has tried to hold the Twitter handle hostage hoping we’ll pay her thousands of dollars to use it. Sorry we’re doing just fine wtih @startuptechguy my personal Twitter and @nibletztweets.

We’re hoping that the team behind Corpora will do something with the name (or flood the net with pictures to push down all those pictures of penises). We’re also hoping that archer>malmo will win a spot at SXSW for their valuable talk.

Linkage:

More great Chattanooga GigTank coverage here

Nibletz is the voice of startups “everywhere else” here are more startup stories from “everywhere else”

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Chattanooga’s SimCenter Could Use The Gig To Plan For The Zombie Apocalypse And More

While we were in Chattanooga Tennessee for the GigTank Demo Day on Thursday, our hosts, the Chattanooga Chamber of Commerce took us on a great tour of the city with special attention to services, companies, and educational centers that utilized Chattanooga’s 1gb fiber optic network. Chattanooga was the first city to have 1gb ethernet fiber, a year before Kansas City and Google.

One of the stops on the tour was the University Of Tennessee’s Sim Center: National Center For Computational Engineering.

The SimCenter was established at Mississippi State. With the help of the Jack Lupton Foundation a SimCenter was established in Chattanooga in 2002. The SimCenter houses 6 super computers with the largest having 1300 cores and 325 node diskless cluster by Dell. There are 4gb of RAM per node and of course it’s hooked up to the 1gb ethernet.

Since it’s inception the SimCenter has worked for clients in the public, private and government sectors which require unheard of large amounts of data. When a company like Boeing needs to simulate new turbine engines for a new airplane project the SimCenter is able to simulate the airplane in various conditions to accurately calculate the data engineers need to know while designing new engines.

A recently completed SimCenter project for US Express truck lines resulted in $68 million dollars in fuel savings. The SimCenter did simulated data trials and research on drag and turbulence. They found that by adding “skirts” in three places on semi trucks and their trailers, US Express could save on millions of dollars on gas.

You want me to get to the Zombies part right?

A research project for the SimCenter that was commissioned by the Department of Defense after 9/11 was recently declassified. The Department of Defense used the SimCenter to simulate catastrophic events. More importantly though, the SimCenter research was vital in finding ways to quickly contain a public catastrophe, limiting casualties and losses and protecting first responders as best they could.

Through their super computers, and units called GENI’s, as well as sensors, and communications equipment all linked together on a super fast network, the SimCenter was able to simulate a hazardous materials spill and explosion. In a situation that would typically take hours to contain and more hours to clean up, using the SimCenters’ simulation they were able to:

– Give first responders on going data pertaining to atmospheric conditions, environmental threats, and the trajectory of where the “cloud” of hazardous materials would go.

– They were able to get first responders to the scene quicker by pinpointing the accident

– They were able to alert the citizens through a smartphone app, essentially evacuating the at risk area before any major harm could be done.

Through this study municipalities and local governments will be able to construct a similar system of super computers, sensors, communications and network to be able to respond to their own disasters just as quickly. As gigabit ethernet emerges we will see more and more public safety resources relying on that super fast internet to get vital life saving information to and from command centers, to first responders, to the public and to the media.

The SimCenter opened in Chattanooga long before 1gb ethernet was available. The computer power alone coupled with the brain power of the engineering researchers in the SimCenter have provided research covering everything from lithium battery modeling, aerodynamic analysis, heavy truck modeling (see above), modeling of coastal and urban flooding and much more.

Our host for the presentation about SimCenter, SimCenter Enterprises President and CEO Tim Walsh, did tell us that the gigabit fiber provides even newer ways to utilize the center. Walsh was a mentor for some of the GigTank teams who were looking to send huge amounts of data over the internet.

Gigabit ethernet tackles huge problems for big data projects like the ones at the SimCenter. During the GigTank presentation for Banyan, the entrepreneur team that won, revealed that it would be quicker for an engineer at Stanford to drive to the airport and fly to London with a terabyte hard drive than it would be to send it over a 100/mbps connection. Using Chattanooga’s gig the Banyan team was able to send a Terrabyte of data to Standord in 2.5 hours. That coupled with the computing power of the SimCenter will mean even bigger things will be done at this amazing institution.

Linkage:

Visit the SimCenter website here

More Chattanoga coverage on nibletz.com here

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Tampa Startup Banyan Wins Entrepreneur Track At Chattanooga’s Gig Tank

Over 500 people came from across Tennessee and across the USA to Chattanooga TN Wednesday and Thursday for GigTank’s Demo Day.

GigTank is a 90 day accelerator program based in Chattanooga with an emphasis on using Chattanoga’s 1GBPS internet. Chattanooga was the first city in the United States (edging out Kansas City and Google by a year), to implement 1gbps internet. Every resident and business in a 600 square mile radius has 1gbps fiber optic line straight to their home or business.

Chattanooga was able to set up the 1gb fiber by rolling out a smart grid that provides communications from utility meters at every home and business back to a central location. Citizens of Chattanooga can elect to get data and tv services from the 1gb fiber pipe in their homes on a monthly subscription based model.

Chattanooga’s GigTank accelerator featured two separate tracks. The entrepreneur track was a traditional 3 month accelerator model with a seed investment, and access to services, mentors, office space and other resources. The student track was similar to the entrepreneur track but without the seed investment. Students participated in a pitch contest in Chattanooga Thursday where they competed for a $50,000 prize.

The winner of the entrepreneur track was a Tampa Florida startup called Banyan. The Banyan team was Toni Gamayel, Travis Staton and TJ Weigel.

Banyan is a cloud based collaborative research system. This allows researchers who are working on the same project to keep their research together. It also solves major pains for those managing the research.

During Gamayel’s pitch he brought up an instance where two students at the University of Kentucky were working on the same exact research one floor above each other and didn’t even know it. With Banyan the research manager would have easily been able to identify this duplicate research.

In another instance a Stanford professor had been working on some research. The need arose to validate that the particular research he was working on was being performed at the school rather than at home or another lab. With Banyan they could have easily identified the source of the actual research.

Banyan took a $100,000 check back to Tampa where they plan on using it to beef up their development and marketing. Gamayel is very active in the Tampa startup community. He was a judge for a recent Startup Weekend in Florida and is well known as a resource and mentor in the region. In fact he has provided mentorship to Feathr a Gainesville based startup that is working on eliminating the paper business card.

Check out Banyan’s complete pitch below:

Linkage:

Check out Banyan’s website here

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GigTank Chattanooga: And The Winners Are: Iron Gamer, Babbel Sushi & Banyan

It’s been a great two days here in Chattanooga TN, the Chamber of Commerce has done a great job hosting media from across the country for two intense days of learning about Chattanooga, gigabit ethernet and the startups of the GigTank.

For the GigTank entrepreneur teams and the student teams it’s been a grueling three months, and this last week has been one of sleepless nights and startup hyper babble as they prepare to wow not only the judges, but over 500 people from the venture community in and around Tennessee. In fact, there are folks here from Revolution in DC and several VC firms in the Atlanta region.

It’s all come down to this moment. The judges have now seen all the pitches twice. They’ve all talked amongst themselves and the winners of the first every Chattanooga GigTank contest are:

The winner of the $10,000 media award from Warner Brothers went to Iron Gamer

The winner of the $50,000 student track was Babbel Sushi

The winner of the $100,000 entrepreneur track was Banyan.

Linkage:

More GigTank Coverage here

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Georgia Startup: Vigia Shows Off Their Concept That Will Make Campus Life Safer VIDEO PITCH

Well we’ll be honest with you here, when we read the initial synopsis of Vigia we thought it wouldn’t be that exciting. When Anthony Guglielmo got on stage and started talking about a bee sting, we were still on the fence. However that bee sting shed light on a much bigger problem for college students on large campuses that has really snowballed in recent years as wireless phones and smartphones became more prominent on college campuses.

The problem here is that college campus’ public safety infrastructure is disrupted on a 911 call by the wireless companies who are required to route phones to the nearest 911 center. To put it in perspective for you, if you got stung by a bee, and were allergic to bee stings without an epi-pen near by, you would most likely call 911. From there you would be routed to the county or cities 911 center not your campus security or EMS.

In an incident like that the few seconds or minutes could prove fatal if you don’t get your medicine in time. Perhaps it’s because of the recent tragedy in Colorado, but getting direct access to campus security and public safety could prove to be life saving for a number of reasons.

Enter Vigia, a startup from Athens Georgia. Vigia is a platform that allows a smartphone to connect directly to their public safety professionals and dispatchers and enhances the emergency services for the public.

In addition to routing your call more efficiently you can also add a profile to your device. If you’re allergic to bees, medicine, diabetic, or have any other medical condition, a profile could be delivered to a 911 center that could get you the help you need quicker.

Check out Guglielmo’s pitch video below, you’ll agree that Vigia is a great idea.

Linkage

Check out more GigTank coverage here

Nibletz is the voice of startups “everywhere else”

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Video Pitch: Asheville Startup Corpora Pitches At GigTank Demo Day

One of the startups in the entrepreneur track at the GigTank in Chattanooga is Corpora from Asheville. Corpora is a real time intelligenet agent that uses Twitter status updated and other public facing data to determine the health of individuals by geography, providing insights into the spread of illness and quantifying the impact of previously elusive factors on public health.

Andrew Abumoussa the CTO of Corpora was ready with his presentation on what seems to be an innovative new way to track health problems in mass. Now we’re not talking about an ecoli breakout. In his slides he showed off the value of aggregating this data from Twitter for things like allergy breakouts and other similar problems.

One of the judges asked Abumoussa if they were working on aggregating the data from other social networks telling Abmoussa he didn’t see people “Tweeting about that rash”. After a quick chuckle from the audience that raised a valuable point.

The team hails from Asheville North Carolina and is hoping to win the GigTank contest today and walk away with extra venture capital from one of the 500 investors in the room.

Check out his pitch here:

Linkage:

More Gig Tank Demo Day coverage here

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Chattanooga GigTank Mentors Log Over 600 Hours

One of the biggest things that’s struck me about the Gig Tank and Gig Tank’s demo day is how the entire city has come out to show their support. Last night we talked about how various businesses throughout downtown Chattanooga participated in the event by holding events.

We went to a reception at co.lab as well as CraftWorks headquarters. There were other events earlier in the day that we unfortunately missed.

This morning there was a bike ride organized, a tour of the Hunter Museum and a tour of the world famous aquarium here in Chattanooga. Chattanooga as a whole seems invested in the success of the entrepreneurs and students who’ve been hard at work the past three months in anticipation of the big day today.

Chattanooga is also invested in the gig itself. It’s exciting that 1 gb fiber is available everywhere in a 600 square mile radius. This morning we had the opportunity to have breakfast with Hamilton County Mayor Jim Coppinger who admittedly isn’t a big “tech” guy but certainly understands the opportunities that come with the smart grid and the 1gb fiber.

The entire “gig” is part of his county. There are 340,000 folks in Hamilton County and of course the biggest part of that is the approx 170,000 people living in Chattanooga.

Coppinger is excited about where the “gig” goes for infrastructure, beyond running communications for power and water for residents and businesses. Coppinger is excited about what the gig will do for education in his county. Currently he has high schools with 500 students and on the other end of the spectrum, schools with 1500. Using remote teaching, relying on the back bone of the gig would mean that students county wide would have a consistent quality of education.

Mayor Coppinger, who served as Fire Chief before being elected Mayor, is also excited about what “The Gig” can do for public safety and first responders.

On the entrepreneurship side Mayor Coppinger is ecstatic about what’s happening with the Gig Tank along with the 60 companies being grown at a small business incubator on the north shore. That incubator has held 60 companies at a time and generally employs 300 per session.

Chattanooga’s support came out this morning when Four Bridges Capital and co.lab’s Charlie Brock pointed out this morning that the mentors for the GigTank entrepreneur’s track offered up a cumulative total of over 600 hours of mentorship during the three month session.

Mentor’s really got engaged with the entrepreneurs and the students as well and have provided more guidance than one would expect, which all lends itself to the buzz going on in Chattanooga surrounded by “the gig”

Linkage:

Nibletz is the voice of startups “everywhere else” here are more startup stories from Tennessee.

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Jumpstart Foundry Nashville Startup Rentstuff.com Moves To Chicago & Pivots Away From Core

Earlier this year we brought you an interview with Rentstuff co-founder Chris Yaeger. The Nashville startup had quickly rose to prominence in the peer to peer renting category, with the idea they cultivated as part of the JumpStart Foundry program.

With $600,000 raised to help them along the way the startup relocated to Chicago’s 1871 in July and debuted their Chicago based team at TechWeek earlier this summer.

Their original idea, had a lot of holes in it in terms of insurance to the renter, and market viability but the concept was rock solid. One user could rent that DSLR camera that sits in the closed for $30-$50 a day to their local neighbor and make a few bucks on the side. You may have even been able to go as far as to call the idea “AirBnB for Stuff”.

At last look you could find anything from tents and sleeping bags, to weed-eaters and iPads. While I admitted to a friend on the phone just the other night, I would never rent out my personal iPad, if there was a market for it, I may pick a used one up off Craigslist just to rent out on rentstuff.com.

While couchsurfing and AirBnB made it ok to crash at a complete strangers house or even on their couch, it seems that letting a complete stranger rent my crock pot, serving trays or video camera, wasn’t in the cards.

The company, now based in Chicago, has pivoted to a more mainstream, portal to connect folks with businesses in the “Rent To Own” industry like RentACenter and Aarons. Now, you go to rentstuff.com and you can fill out a form which lets you request rental quotes from local companies. You can attempt to rent anything from a limousine to a laptop, to a sofa, whatever you need you should be able to get it.

A note on the site tells you that letting a rental company call you can get the process done faster. Of course, bidding out your rental should also mean that you get better deals.

Call me crazy though, the original idea was much more innovative. In fact the crazy guys that produced the Wipple video below, used a leaf blower that they rented from the “rentstuff.com marketplace” to produce this video.

There is definitely a market for the new version of rentstuff, similar to the way that there is a market for the pivoted SpareFoot.com which we covered earlier this month.

Linkage:

Check out rentstuff.com new site here

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5 Angel.Co Startups From Everywhere Else: Nashville Edition

Nibletz.com is the voice of startups “everywhere else” and your source for Tennessee startup news. As many of our readers know we’ve been working on a series called “5 Angel List Startups From Everywhere Else”. It stems from the weekly traction email that most angel.co members receive. We’ve noticed time and time again that the “trending” startups on the Angel List email are predominantly from Silicon Valley. This of course isn’t the fault of angel.co it’s an amazingly great resource. But here you’ll find five startups profiled from “everywhere else”.

Since it’s Demo Day Month in Tennessee we thought what a great time to do “5 Angel List startups from everywhere else, Nashville Edition” if you’re looking for the Memphis edition, you can find it here.

Wannado

Let’s kick this thing off with one of the Jumpstart Foundry graduates from 2011. The startup called “wannado” is your guide to everything you wanna do. Great name, great concept.

We actually got to see a preview of wannado the other night in Memphis and it blew me away. The app has a robust feature set, yet an aesthetically pleasing user interface. It simply does exactly as they say it will, it tells you what’s available around you to do. If you’re looking for a show or a concert, it’s there. If you’re looking for a business networking event, it’s there. If you’re looking for a cooking class, a lecture, a speaker, a book club, they’re all there for you and everything is served up according to your preferences.

Wannado has an amazing sharing circle breakout piece which allows you to easily share an event any way you like. They also allow you to share events with friends that don’t have the wannado app without having to download the wannado app. They’re given a text message which takes them to a landing page for that event with an equally pleasing user experience.

Truth be told they weren’t on the Angel.co site but we like them that much so check it out here. They are still in private beta but sign up for an update and you’ll be the first person on your block to know wannado. (you like what we did there)

Find wannado on the web here and if you’re reading this wannado, you may want to sign up for the Angel List it’s free.

The next two entries come from the same entrepreneur. Phillip Maddox is the co-founder of Deedsy and VenueBlast.

Deedsy

Deedsy is a good deed engine. The premise is simple, do good deeds, and earn points. A good deed can be anything from a hug to house sitting, to picking up trash. Whatever good deed you do, with Deedsy you earn points.

You can create deeds for others to do and look for a “do gooder” to do that deed for you and then they’ll earn points. It’s a great feel good startup that will promote doing good in your life and community.

You can start off with 25 points if you head over here to the deedsy site and add your name to their LaunchRock.

Here’s a link to their Angel List page

VenueBlast

VenueBlast is the other entry from founder Phillip Maddox. VenueBlast is your ticket to live music online. Basically it’s a video streaming venue for live music and entertainment productions. For the end user they promise great quality productions that can be found in streaming or even pay per view offerings.

For the client they offer a robust set of features that can be delivered to the end user in a variety of ways. Their feature set is constantly evolving to stay up to date with the changes in streaming technology optimized for concerts and live entertainment. They also offer the ability for companies to sponsor live concerts and streaming events and offer analytics back to the customer.

Earlier this week VenueBlast reported that they’re working on some exciting new features and they hope to rollout to the public soon.

Find VenueBlast on the web here and on the Angel List here

Populr.me

Populr.me is the easiest way to quickly crete a great looking micro-site that the Nashville startup calls “pops”. Within minutes you’re able to create,deliver and manage your microsite for whatever the function.

One of their users, Jason Moore, is in the healthcare industry uses Populr.me to create microsites to push out to their healthcare industry partners in hospital and provider systems. Moore said that their custom communication via a secure portal is a game changer.

Populr.me offers a simple drag and drop layout engine making editing and publishing a cinch. They also offer unlimited custom domains with analytics available as well.

Populr.me is so popular that they won the 2012 Governor’s Innovation Conference and the $5,000 check to go along with it.

Here’s Populr.me’s website and here is their Angel List page

Meevl

Meevl is a Slovakian startup that graduated from Jumpstart Foundry in the 2011 class. They’ve actually relocated back to Slovakia but nonetheless they appear under Nashville on the Angel List.

Meevl is a unique startup. The Meevl platform easily allows employees to participate in reporting company news, typically a task handled by a PR person or team in large companies. With Meevl when an employee gets recognized for an achievement, has a baby, or maybe an employee related policy changes, Meevl crowdsources the news from the company employees.

“Currently, social media management platforms are mostly for small teams, where members watch their company’s presence on social media channels like Facebook, Twitter and so on,” Vladimir Tucek told BetaKit. “Even if it’s a really huge company, [social media] is managed by a very small team, and all content is produced by that team. We’d like to involve more employees in this process.”

By virtue of the employee participation in the Meevl platform companies can crowdsource news from their employee base, possibly reduce the PR budget for inhouse news and employee morale would stand to improve.

We’re on an international sneaker-strapped startup roadtrip here’s the details, we could use your support

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

We’re a sneaker-strapping startup ourselves it only takes $10 to help our nationwide startup road trip HERE