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VOL. 132 | NO. 98 | Wednesday, May 17, 2017

Daily Digest

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Innova, AgLaunch Partner On New Innovation Fund

The venture capital firm Innova Memphis will include the venture development organization and accelerator AgLaunch in a new $31 million agriculture innovation fund.

The fund, which is Innova’s fourth since it was founded 10 years ago by Memphis Bioworks, is certified and licensed by the USDA’s Rural Business Investment Program as a rural business investment company.

Innova works in early-stage venture capital. AgLaunch puts farmers and national farm organizations as well as their partners together with venture capital.

The new fund focuses on investments in several areas:

• Farming technology, equipment and innovation, including robotics.

• New technologies for crop production, harvest, storage, supply chain/logistics and processing/productivity tools and software.

• Precision agriculture such as crop, water and chemicals management.

• Innovations addressing food security, safety and nutrition challenges.

• Novel animal health and welfare systems and practices.

“The fund will make that often critical, initial investment to assist promising startups on their path toward commercialization and scalable growth, all while creating opportunities and jobs in rural America,” Innova partner Jan Bouten said in a written statement.

Investors in the fund include Farm Credit Mid-America, AgriBank, Farm Credit of Western Arkansas, Farm Credit Services of America, Farm Credit Bank of Texas, FCS Financial, CoBank and AgStar Financial Services.

– Bill Dries

Eyewear Retailer SEE Opens at Saddle Creek

National eyewear retailer SEE is opening its first Germantown location at the Shops of Saddle Creek at 7535 Poplar Ave.

The new location joins the lineup of 39 existing SEE stores, including locations in New York City; Los Angeles and San Francisco, California; South Beach, Florida; Boston, Massachusetts; Chicago, Illinois; Nashville; and Charleston, South Carolina, among others. SEE is open Monday through Saturday from 10 a.m. to 8 p.m. and Sunday from noon to 5:30 p.m.

The Memphis area has been on the retailer’s radar for several years, according to founder Richard Golden.

– Andy Meek

West Breast Center Earns National Accreditation

The Margaret West Comprehensive Breast Center, part of West Cancer Center, has been awarded a full three-year accreditation by the National Accreditation Program for Breast Centers, a program of the American College of Surgeons.

Based on a lengthy application and audit process, the NAPBC board found the MWCBC at West Cancer Center demonstrated proficiency in center leadership, clinical management, research, community outreach, professional education and quality improvement.

In addition to excellence in patient care, the MWCBC received the accreditation, in part, based on the volume of research and clinical trials offered and the active pursuit of professional education. Qualifying MWCBC patients have access to West Cancer Center’s large portfolio of clinical research, including the Mid-South’s only phase I oncology research program.

The MWCBC also plans to launch the Breast Surgical Oncology Fellowship in July 2018 under the leadership of director Dr. Richard Fine, educating the next generation of breast care leaders.

– Daily News staff

U of M to Participate In Pathways to Success Summit

On June 22, the University of Memphis will participate in the Pathways to Success: Boys and Young Men of Color Opportunity Summit hosted by My Brother’s Keeper Alliance at Memphis Cook Convention Center.

MBK Alliance was created as a result of former President Barack Obama’s call to ensure that all boys and young men of color have equal opportunity to achieve their full potential. The alliance provides comprehensive and sustained interventions to improve life outcomes and empowers them with the resources and support to get and stay on a path to success.

The U of M’s human resources department will participate as a hiring partner and volunteer partner assisting with resume tips, mentoring and coaching sessions, Dress for Success stations and mock interviews. Admissions representatives will have a recruitment booth, and career services reps will assist with resumes and mock interviews.

“The University of Memphis is pleased to support the alliance in its mission of helping young men overcome challenges in their lives and achieve success,” said U of M president M. David Rudd. “The two previous summits in Detroit and Oakland, California, each provided employment for 350 young people.”

Other MBK Alliance partners include the city of Memphis, FedEx, Workforce Investment Network, the Greater Memphis Chamber, Memphis Grizzlies and the Memphis Office of Youth Services.

Some 600 youth are expected to attend the summit.

– Don Wade

Tenn. CPA Society Seeks Scholarship Applicants

The Tennessee Society of Certified Public Accountants Educational & Memorial Foundation Scholarship Program is accepting scholarship applications for the 2017-18 academic year.

Individual awards range from $1,000 to $25,000 each, with a total of $250,000 in funds available for undergraduate or graduate accounting students across the state this year. Recipients are selected based on their commitment to pursue an accounting degree, academic achievement, letters of recommendation and financial need in some cases.

The TSCPA’s Education & Memorial Foundation has awarded over $3.5 million to more than 3,000 accounting students over the past 25 years.

“The foundation strives to identify future CPA candidates and assist them in completing the educational requirements for CPA licensure,” TSCPA president and CEO Brad Floyd said in a statement.

Applications must be received by June 15. Visit tscpa.com/education/college to learn more about the scholarship program.

– Daily News staff

Airport Parking Program Reaches 1,000 Participants

Memphis International Airport has enrolled its 1,000th member in MEMPERKS, the frequent parking program it launched in December.

The program, which is free to join, allows participants to earn one point for every dollar spent on parking in any of the airport’s parking facilities. Points can be exchanged later for free parking. All new enrollees receive a bonus of 60 points, which is redeemable for one free day of parking in the economy parking lot.

John Howard of Cordova, the program’s 1000th enrollee, was awarded a full week of free economy parking.

Visit memperks.com to join or find out more about the program.

– Daily News staff

PROPERTY SALES 68 162 2,781
MORTGAGES 60 97 1,880
BUILDING PERMITS 148 769 6,470
BANKRUPTCIES 61 172 1,149