When you think about entrepreneurship, technology, start-up companies, and venture capital, there are several areas in the United States that come to mind: West coast cities such as San Francisco, San Jose, Los Angeles, San Diego; east coast cities such as Boston, New York, Washington DC. Rarely, and certainly only within the past few years, would a city such as Memphis, Tennessee, ever be considered.
Recently, The Wall Street Journal published its interactive map showcasing the areas that have gained venture capital within the first six months of 2011. I was excited and pleased to see that Memphis had a dot on the map. While this might not seem like a big deal, since moving to Memphis, I have seen and learned that many people and organizations have poured their time and resources into making Memphis a viable community for start-up companies.
While procuring funds is an important part of a region’s entrepreneurial success, it is only a small part of the whole. To build a practical network for new company expansion, Memphis will need inspiration from universities, cooperation from companies, and successful mentors that are willing to dedicate their time and knowledge.
Everyone in the community, from student researchers to venture capitalists, has applied themselves diligently to create a space for new companies to grow and succeed. I believe it is imperative to the future of our local economy to pool our resources and continue the hard work. Being placed on The Wall Street Journal Map is an achievement in which Memphis should be proud.
~Dee Helton, Student Ambassador at UT Health Science Center
Upcoming Events for Memphis:
Business Model Bootcamp- September 24, 2011; 8:30am – 3:30pm
More information: http://bootcampfall2011.eventbrite.com/
Tech Cocktails- September 28, 2011; 5:30pm-8pm
Location: Bhan Thai
Memphis Research and Innovation Expo- October 6, 2011; 9am – 4pm
More information: http://www.memphis.edu/centennial/events.php