Review on Innova Memphis by jesus ruiz
Innova Memphis, supporting entrepreneurs from different communities.
I can't stop praising these companies that are dedicated to providing technical and financial support to other small, low-capital companies that are just starting out and need a lot of help in order to grow and establish themselves in the capital markets.
Innova Memphis was founded in 2007 by Army officer, entrepreneur and executive Ken Woody. Since its inception, Innova Memphis has strived to foster early-stage venture companies and focuses its investments in medical device (hardware), software and other information technology and logistics companies.
Innova Memphis is committed to finding, funding and growing technology start-up companies in Tennessee and helping them achieve commercial success. Utilizing its extensive operations and sales experience, it provides strategic guidance to portfolio companies in both times of need and times of opportunity.
Innova Memphis thoroughly studies investment and development opportunities for early-stage companies and matches them with companies and business groups in the region to leverage their economic development. According to Innova Memphis' vision, it has a better chance of long-term success by supporting early-stage companies than by creating companies from scratch.
In a curious but no less important fact, according to the research firm Crunchbase, Innova Memphis has become the venture investment firm that provides the most support to companies founded by representatives of the Latino and African American community at the regional level.
According to Innova Memphis President Ken Woody, African-American and Latino-founded companies often do not get the same opportunities from investors.
Pros
- Innova Memphis enables and creates high-growth companies and jobs in the fields of healthcare, technology and agricultural technology.
- Provides seed capital, mentorship, and experienced hands-on leadership to early-stage companies
- Innova has invested more than $2 million in 119 companies, with more than $90 million in outside capital generating more than 250 direct jobs.
Cons
- none at this time
