Press Release: September 22, 2016
T&T Scientific wins Startup Day 2016 Pitch Competition. Receives $5,000 cash prize, presented by Three Roots Capital and SouthEast Bank.
KNOXVILLE, Tenn. – Graham Taylor with T&T Scientific claimed the winning pitch prize during Startup Day 2016 on Thursday, September 22, 2016 on the U.S. Cellular Stage at The Bijou Theatre in Downtown Knoxville.
Graham Taylor, T&T Scientific received $5,000 from sponsors Three Roots Capital and SouthEast Bank. The winning pitch was one of six heard during the fourth annual Startup Day, which began offering prize money for a pitch winner in 2015.
"Graham Taylor exemplifies the entrepreneurial spirit that defines Startup Day and makes Knoxville such a great place to grow a business. It is truly an honor to bestow this prize on T&T Scientific, and I am excited to see where the future leads them," said Monty Montgomery, President of SouthEast Bank.
Graham Taylor, co-founder of T&T Scientific, created LipX, a time-saving, single use extrusion device that researchers can use to prepare liposomes for use in a wide range of research applications. Unlike the gold standard device which requires 45-60 minutes to assemble and clean with each use, LipX is ready to use out of the package and does not require the use of harsh chemicals for cleaning.
Judges David Kereiakes, Senior Associate, River Cities Capital Funds; Sue Malone, President, Strategies for Small Businesses; and Tony Shipley, Chairman and Co-Founder, Queen City Angels, scored all presentations on a variety of criteria including value proposition, market and sales strategy, distinctive competence, and growth potential.
"Startup Day's Pitch Competition showcased some of the best entrepreneurial talent that East Tennessee has to offer," said Grady Vanderhoofven, President and CEO of Three Roots Capital and co-presenter of the $5,000 prize. "I commend all of the entrepreneurs for their hard work and vision, and look forward to seeing them grow their businesses."
Startup Day 2016 featured Paul Singh, nationally recognized serial entrepreneur and seed stage investor, who came to Knoxville as part of his North American Tech Tour. The event also featured the awarding of the second annual Traction Award, sponsored by UT Federal Credit Union, which is presented to a Startup Day alum who has made the most progress over the past few years. Bob Bradley of NewsBreak was the 2016 recipient.
All six startups received a one-year subscription to FundingSages' TurboFunder Platform, which provides entrepreneurs information, resources, and tools to guide them through the creation and development of an investable company.
About Startup Day
Startup Day is an annual event that showcases Knoxville as a destination for startups and entrepreneurs. The event is part of Innov865 Week which is hosted by the members of the Innov865 Alliance: The University of Tennessee Research Foundation, Oak Ridge National Lab, Launch Tennessee, PYA, Knoxville Entrepreneur Center, and The Anderson Center for Entrepreneurship & Innovation at The University of Tennessee, Knoxville. http://innov865week.com/event/startup-day-2016/