Memphis startup wins international competition

GlucosAlarm, a startup participating in the current cohort of the ZeroTo510 medical device startup accelerator, has won first place in the Tech-I competition that took place over the weekend at the Global Entrepreneurship Summit in Nairobi.

The competition in which GlucosAlarm – which created a technology to measure glucose in diabetic patients’ urine and simplifies the testing procedure – participated is sponsored by the Global Innovation through Science and Technology, an initiative of the U.S. State Dept.

GlucosAlarm competed as one of 15 start-ups in the world out of hundreds of applications.

St. Jude Wins $1.7M federal grant

St. Jude has picked up $1.7 million in federal grant funding for its St. Jude Lifetime Cohort Study.

Begun in 2007, the study hopes to identify a large group of pediatric cancer survivors and track health outcomes over the course of their lives. The larger purpose: to gain insight into the long-term effects of the illness and treatments used on children.

The study is currently made up of patients age 18 and older who got their diagnosis at least 10 years ago. The new funding will help expand the scope of the study to those diagnosed between five and 10 years ago, as well.

Some of the funding will also go toward meals, housing and the transportation of patients.

Housing Prices, Bubbles and Irrationality

Interesting discussion on booms and busts in the real estate market:

“Developers and builders will, one way or another, exploit overpricing, increasing effective supply, in that way bringing real estate prices down.”

Justin Timberlake and the Memphis card

(Wikimedia Commons)

(Wikimedia Commons)

So, Justin Timberlake has bought 126 acres of land in Williamson County, according to The Tennessean.
Let the hand-wringing begin.
But beware the wigsnatch – the term Timberlake hashtagged in a Twitter response to someone who accused him of jumping on the bandwagon in support of the Memphis Grizzlies.
Timberlake pointing out that he is a part-owner of the Memphis franchise.
The Williamson County land purchase now engages a larger test of civic lore in which Timberlake will likely never lose his Memphis heritage, even if he wanted to – which he doesn’t.
Read more »

Report: Marc Gasol Talking Only to Grizzlies

Marc Gasol and the rest of the NBA’s free agents can’t sign contracts until July 9. But according to a report from ESPN’s Marc Stein, citing “league sources,” Gasol will not meet with other teams, and the Grizzlies have a contingent of team officials in Spain to begin discussions on a new contract with the All-Pro center.

While Gasol has revealed little throughout the process, except to express his affection for Memphis, word has leaked out from New York and Los Angeles indicating the Knicks and Lakers do not have a shot at signing Gasol. Stein also reported that the San Antonio Spurs, long considered the team with the best shot to take Gasol away from the Grizzlies, is now focusing its attention on Portland free agent LaMarcus Aldridge.

The ESPN report made it sound all but a sure thing that Gasol would return to Memphis with the only question being whether he signs a short-term or long-term deal. Many observers have speculated Gasol would sign a two-year contract that would allow him to opt out after next season when the league gets an influx of new TV money and salaries will skyrocket. If Gasol signed a max five-year deal with the Grizzlies now, who under league rules can pay him more than any other team, it would approach $110 million.

Memphis director Craig Brewer this week released a short video, “Marc Gasol of Memphis,” which included minority team owner and entertainer Justin Timberlake, as a way of saying Gasol’s NBA home is the Bluff City.

After the team lost in the second round of the playoffs to Golden State in six games, Gasol told local media: “The ties to the city, to the people of the city, go beyond basketball with me. My whole family has been here since 2001. The place where I used to go watch basketball games is now a Bass Pro Shop. So imagine how many things have happened in almost 15 years.

“So you can understand when I play here, when I step on the hardwood, and how special it is for me. With that said, I cannot tell what’s gonna happen in the future. But I know how special it is for me.

“It won’t be no drama, nothing crazy,” Gasol added. “It’s going to be a well-thought-out decision and something you feel good about and you move forward.”

– Don Wade