Memphis Innovators Gain Worldwide Acclaim with Massive Deals and Technological Breakthroughs

Memphis Changemakers Land Massive Deals and Global Recognition

From the pulse of soul music to the heart of technological innovation, Memphis continues to forge a path. The recent achievements of various homegrown entrepreneurs have put the city back on the global recognition map. Memphis-based businesses spanning sectors like carbon capture, medical devices, music distribution, and coffee have not only struck momentous deals, but are also gaining international recognition for their exceptional works.

Graphyte: Leading the Carbon Capture Movement

Landing large scale deals in addition to drawing global attention, Graphyte—an enterprise dedicated to environmental preservation—has successfully created a carbon removal solution, known as “Carbon Casting.” This solution blends nature’s carbon capturing capabilities with advanced technology, providing an instrumental tool in the battle against climate change. American Airlines took a sustainable leap by engaging Graphyte as their official carbon removal device provider, securing a whopping 10,000-ton permanestract carbon removal deal set to be delivered in early 2025.

Forbes Recognizes Hera Health Solutions

The breakthrough in medical devices comes from Hera Health Solutions, a pharmaceutical device company in Memphis. The company is geared towards the research, development, and commercialization of long-acting treatments offered through their proprietary drug delivery method. Hera’s flagship product Eucontra, promises timely degradation as a contraceptive hormone, eliminating the need for complex removal procedures. To add to the company’s glory, CEO Idicula Mathew claimed a spot in Forbes’ “30 Under 30” list for his remarkable contributions to the sector.

Connect Music Raises $12 Million Investment

Moving on to the world of music, Memphis-based Connect Music made headlines with a remarkable $12 million in capital investment since its foundation in 2020. The company serves as an international music distribution platform, ensuring creators worldwide receive their due credit and compensation. Connect Music is backed by a line-up of prominent Memphis investors, with big names like Richard Smith—a top FedEx executive and Memphis Grizzlies legend Zach Randolph on board.

Notable Roaster of the Year: Cxffeeblack

Also making waves is Memphis’s Cxffeeblack —co-founded by Bartholomew Jones and Renata Henderson—a coffee company with a clear mission. They aim to restore coffee’s original purpose and credibility, strongly emphasizing its black history and subsequent role in black future. The company recently bagged the “Notable Roaster of The Year” award by Sprudge and successfully completed an early investment round, reaching their $100,000 target in less than a week on Wefunder.

Memphis: Epitome of Innovation

The recent string of achievements beautifully demonstrates Memphis’s vibrant innovation culture. With Memphis ranked in the top three “Best Places for Black-Owned Businesses” by Nerd Wallet and Tennessee ranking sixth in “Top States to Start a Business” by Simplify LLC, it is clear that the city boasts a thriving entrepreneurial ecosystem. Industries such as bioscience, green industry, music, film, and manufacturing are seeing exceptional growth thanks to local innovators.

Ready to Start a Business in Memphis?

Memphis is the place to be, whether you want to start a business, relocate, or invest. It offers a wealth of opportunities, backed by a supportive community, unparalleled cultural heritage, and a rich talent pool. Prospective entrepreneurs are encouraged to check out Epicenter Memphis, a business incubator and accelerator at the heart of this uniquely vibrant city.

Author: HERE Memphis