Monday, October 10, 2016

Program to Bolster Business in the Medical District

Posted By on Mon, Oct 10, 2016 at 12:15 PM

The University of Tennessee Health Sciences Center.
  • The University of Tennessee Health Sciences Center.

A new effort to bolster business in the Memphis Medical District kicked off Monday.

The Memphis Medical District Collaborative (MMDC) launched “Buy Local,” sponsored by the health care institutions that anchor the district.

Those big health care tenants in the Medical District want to buy more of their products from the Memphis area. To do that, though, they need help.

They’ve opened a business plan competition for local companies that can help them “solve operational challenges within their supply chain.”

Here are the four specific categories in which the health care institutions are looking to expand locally:

• Efficiency in end-to-end transportation management for patients and their families
• Modular/mobile on-site maintenance for fleet and industrial equipment.
• On-demand burst staffing platform for quick turn-around projects
• Software solution for managing contract relationships.

Competitors in the Buy Local will vie for one of four prize packages that include $20,000 in business-support capital and $5,000 in customized business development training through EpiCenter, a Memphis based organization that supports entrepreneurship and business creation.

More information about the selected categories can be found online.

The entities included in the Buy Local program include: St Jude Children’s Research Hospital/ALSAC, Methodist Le Bonheur Healthcare, Regional One Health, University of Tennessee Health Sciences Center, Baptist College of Health Sciences, Southern College of Optometry, and Memphis Bioworks.

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