|
Tennessee Venture Forum in Chattanooga today
 11/17/2003Chattanooga, TN—Beginning today, Mayor Bob Corker will host the Tennessee Venture Forum, a state-wide event that connect investors with entrepreneurs and small businesses owners seeking capital. Over its seven year history, the Venture Forum has been conducted in Nashville and Knoxville, but today is the first time the event has ever been held in Chattanooga. Over the next 2 days, 15 companies who were selected by a panel earlier in the year will have the opportunity to present their ideas and business plans to the 300 institutional and individual investors who will be attending the event from throughout the United States. Four of the presenters are Chattanooga companies. The event underscores the efforts of Mayor Corker to bring venture capital to the city. In the past two years, through the Mayor’s administration, the city has recruited Southeast Community Capital to Chattanooga which is actively capitalizing local businesses. Local companies are able to benefit from a loan portfolio of more than $50 million offered through the venture capital company. In addition, the City of Chattanooga created the Chattanooga Opportunity Fund, a loan fund, initially capitalized by the City with $1.5 million that has grown to $2.5 million. The Chattanooga Opportunity Fund makes capital available specifically for locally owned start up companies, minority owned companies and existing small businesses. These efforts are changing the way in which business works in Chattanooga. Entrepreneurs now have access to the funds they need to grow their businesses. Small business owners attracted to Chattanooga for its outstanding quality of life have the tools they need to live in our community and be successful. Already more than 18 small local businesses have received the capital they need to grow their businesses. All media are encouraged to cover the event’s opening at 1 p.m. this afternoon which will be held at the Chattanooga Convention and Visitor’s Center in Banquet Rooms H, I and J. Those companies presenting at this year’s Tennessee Venture Forum are: AirSage, Inc.- Marietta, GA AirSage, Inc. aggregates signaling data from wireless service providers to deliver real-time traffic data for urban as well as rural highways and arterials. AirSage offers a 10X improvement by providing information for all roads within cell phone coverage. Public as well as private sector organizations can use AirSage’s system-wide traffic information to reduce congestion, improve air quality, and promote surface transportation safety and security. www.airsage.com Fast Forward Devices, LLC provides customers with a total solution approach to the process of creating, managing and deploying production manuals by providing expert staff to fully document their production processes through a backbone software package known as Smart Docs. www.ffdevices.com Integra Logistics, LLC is a Third Party Logistics Services Provider and Software Development company that specializes in seamlessly integrating customers, supplier and transportation vendors. www.integralogistics.com Integrated Biometric Technology, LLC- Nashville, TN Integrated Biometric Technology, LLC is a leading provider of state-of-the-art electronic fingerprint systems to high-profile clients in the 50 United States and Puerto Rico. www.integratedbiometric.com MedEvolve, Inc. develops and sells information systems to the physician office market with unique features and advanced technology. Provides physicians with fully integrated solutions that interface with other leading on-line clinical systems. www.medevolve.com Neptec Optical Solutions, Inc. develops, manufactures and sells, optical switches, optical terminations, optical couplers, splitters and taps, optical attenuators and other optical modules, subsystems and products. www.nepopt.com Nextek, Inc. is a niche-market, technology-driven company, focused on offering precision electronic and optoelectronic assembly, engineering and analytical services for customers with needs-driven, non-commodity products. www.nextekinc.com NuMarkets LLC is the first company designed to sell things. Fast, easy, convenient franchise centers offering the public selling services on ebay, shipping, packing and business services. www.numarkets.com QGENICS BIOSCIENCES, INC. is focused on providing integrated micro solutions for the preparation of complex biological samples for customers in the pharmaceutical research and development industry. Signix is a hosted, digital identity verification, electronic signature, document routing and digital storage company enabling companies to convert the Print, Sign and Send model to Signed, Sealed, and Delivered via any computer anywhere in the world. www.signix.com Smart Furniture® designs and sells patented shelving and display solutions that save time, space, and money for both company and customer. www.SmartFurniture.com Tennessee Valley Infrastructure Group, Inc. owns and operates electric utilities and provides a full range of utility services focused on reducing generation costs and system losses. www.tvigroup.com Tricycle, Inc. provides surface simulation and design technologies to the textile industry to significantly reduce sampling costs and delivery times, shorten sales cycles, and eliminate waste. www.tricycleinc.com Veran Medical Technologies, Inc. has developed Dynamic Track3TM, a platform technology providing dynamic tissue referencing capabilities used with Image Guided Intervention applications in interventional procedures. www.VeranMedical.com
W.A.R.N, LLC is a Wide Area Rapid Notification, affordable web-based voice, fax, and text broadcasting for emergency and security professionals, dialing 6,000 phones or more every minute. www.warncalling.com For more information, contact Todd Womack, Communications Director, at 423-757-5168 ### |
|
