Tennessee was recently named 4th best state for startups by business.com. What makes Tennessee the venture capital jewel of the Southeast? Pretty simple, really: its strong focus on the medical industry and key role in the music industry.
Tennessee was where the revolution in healthcare began; the first major health management organizations got started in Tennessee, and that’s reflected in its strong business base of medical start-ups, focusing on everything from surgical technology to pharmaceuticals. The second, and just as important, leg is Nashville; country music is one of the best-selling, and thus most important, music genres in America, selling 42 million albums in the US alone.
This combines to create a diverse range of start-ups and small businesses, from musical instrument makers and online music streaming companies to medical nanotechnology companies. Even car companies have taken notice: increasingly, the car you drive comes from the Volunteer State.
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