Next Wednesday, October 7, is going to be a big day for Knoxville-based Innovasan. The local start-up will be pitching at two different venues that day – the “Cleantech Open Southeast Innovation Summit” and “Piranha Tank.” Both events are being held in Atlanta.
In 2013, local start-up Fiveworx made it to the national finals, a goal that is at the top of the wish list for Jeff Hubrig, Jr., Innovasan’s Director of Business Development. It’s ironic that “Piranha Tank” is holding is competition in the same city on the same day.
Hubrig said that “Piranha Tank” is similar in format to the television show “Shark Tank.” Participating companies will have 30 minutes to pitch to an investor panel and negotiate a deal.
Innovasan is developing Med-San®, a four-step modular process to treat biological and pharmaceutical wastes for safe and immediate disposal into municipal sewer systems. The company won last year’s Life Science TN Venture Forum among other regional pitch competitions.