Every year, hundreds of new businesses open in Memphis. Some take the place of old companies that have closed while others spring up simply from the imagination of someone just like yourself. They have a dream and a passion for their line of work so they do everything in their power to hit the ground running. Of course, some of these startups have stronger staying power than others. Here are just a few of the top Memphis-based startups to watch not just for 2019 but in the years to come.
GPS tracking for any kind of freight or service vehicle is extremely important. It helps management stay on top of vehicle locations, which boosts productivity, makes it easier to send out replacement vehicles when needed, and helps companies stay on top of maintenance. LB Technology works with all kinds of vehicles. It doesn’t matter if it is a delivery van or a shipping truck. The company provides GPS tracking and also ELD, or electronic logging devices, for all vehicle types.
Here is a company that you may not have heard of (unless you work in the medical field). There’s no denying the average hospital stay has grown shorter and shorter. This isn’t always desirable. Whether insurance doesn’t cover an extended stay or the hospital is simply overcrowded, patients are often required to leave the hospital sooner than ever. SOMAVAC Medical manufacturers post-op home care equipment. The material is often used following surgeries and other medical procedures.
Music and Memphis go hand in hand. However, what doesn’t always go hand and hand is music recordings and the listener. Sure, as a music fan, you’ll end up receiving the final product, but often, the final product is of inferior quality. After all, the music produced has to go through a number of channels to reach you. Well, Soundways looks to change that. The company, which is the brainchild of several audio engineers, creates audio software designed to improve the delivery method of sending audio from the recording studio to the listener.
This is another medical company, yet it is a medical company with a twist. It manufacturers a membrane constructed from honey. This membrane is then used in the treatment of wounds, ranging from ulcers to bedsores. It recently received FDA approval and will now go into major production.
New businesses offering new opportunities
These are just a few of the Memphis-based startups to watch in 2019 and in years to come. Feel free to visit these startups and to give them your business if you find a product or service that fits your particular needs. By supporting local startups, the money stays in the area, which is a win-win for everyone. And, if you have your own ideas for a future startup, make sure to take notes on what is working for these new business startups.