GIGTANK 2013 Applications Open; CO.LAB Announces Partnership With ng Connect Program

Wednesday, January 30, 2013
GIGTANK Demo Day 2012
GIGTANK Demo Day 2012

CO.LAB, co-host of the GIGTANK 2012 accelerator program, on Wednesday announced that online applications for GIGTANK 2013 are officially open.

GIGTANK is the world’s only accelerator on a living fiber network, enabling next-generation startups to launch their businesses while taking advantage of Chattanooga’s one-gigabit-per-second Internet speeds. The program aims to connect entrepreneurs with the tools, capital and contacts needed to go to market.

The summer-long program kicks off on May 13 and runs through Aug. 6. GIGTANK will culminate with Demo Day, when participants pitch their startups to hundreds of investors, potential collaborators and members of the press.

“Following the success of GIGTANK 2012, we’re excited to see what 2013 will bring,” said Sheldon Grizzle, founder of CO.LAB. “As we begin the selection process, we’re looking for startup founders who want to reinvent modern life. In a sense, we’re looking for pioneers of the future.”

The ng Connect Program, founded by Alcatel-Lucent (EURONEXT and NYSE: ALU), has become an initial founding partner of GIGTANK. The ng Connect Program is a multi-industry ecosystem dedicated to the creation of the new generation connected user experience through collaboration of 200-plus technology-focused companies.

Together, these member companies develop “service concepts”  - prototypes for next-generation services in entertainment, retail, healthcare and other industries that touch our daily lives.

“The member companies of the ng Connect program have developed groundbreaking prototype connected services, such as a connected-service vehicle and cloud-based learning,” said Jason Collins, vice president of Emerging Technology and Innovation at Alcatel-Lucent. “By partnering with GIGTANK’s entrepreneurs and leveraging Chattanooga’s fiber network, we can bring these services to life and potentially work with telecom service providers around the world to ultimately reach a broad customer base.”

GIGTANK participants will have access to a resource “toolkit,”  which will include several ng Connect service concepts as well as the various pieces of technology used to build them.

Additionally, participants will receive between $15,000 and $115,000 of investment capital.

Following Demo Day, selected teams will be given the opportunity to participate in a “Roadshow” across the country, showcasing their new ventures.

“GIGTANK has evolved quite a bit since the inaugural program last summer but the purpose remains the same: to connect high-growth potential startups with technology, mentors, capital and customers,” said Mr. Grizzle. “Our initial partnership with ng Connect will be a strong complement to our local partners at LampPost Group, EPB, Chattanooga Chamber, UTC and many others. We look forward to expanding our network of collaborating partners as GIGTANK 2013 approaches and gets underway.”

For more information or to apply to GIGTANK, visit www.thegigtank.comFor more information on ng Connect, visit www.ngconnect.org


Attorney General Slatery Announces $784.6 Million Settlement With Wyeth And Pfizer

Attorney General Herbert H. Slatery III on Friday announced that Tennessee reached an agreement in principle to settle allegations against Wyeth, a wholly owned subsidiary of Pfizer, Inc.  The settlement will resolve allegations that Wyeth knowingly underpaid rebates owed under the Medicaid Drug Rebate Program for the sales of Protonix Oral and Protonix IV between 2001 and ... (click for more)

Evergreen Packaging To Locate Global Headquarters In Memphis

Evergreen Packaging officials announced Friday the company will locate its global headquarters in Memphis. The company will invest $915,000 and create 70 jobs in Shelby County. “We welcome Evergreen Packaging to Memphis and thank them for creating 70 new jobs in Shelby County,” Governor Bill Haslam said. “It is not taken lightly when a company chooses to locate its global headquarters ... (click for more)

Fire Displaces Mother And Son At House Near Dodds Avenue

No one was home when fire broke out in a Chattanooga home near Dodds Avenue late Friday morning. The Chattanooga Fire Department received the alarm around 11 a.m. and responded to 2609 Reece St. with four fire companies.  Battalion Chief Carlos Hampton said the firefighters made a quick, interior attack and got the fire under control in roughly 10 minutes. ... (click for more)

Signal Mountain Man Charged In Plot Against Muslim Town To Be Evaluated; Doggart Faces New Charges

A Signal Mountain man who admitted plotting to kill Muslims in a town in Upstate New York to show that it was "a true threat" is to undergo an evaluation at a facility in Lexington, Ky. Robert Doggart will be tested at the Federal Medical Center. Also, Doggart is facing new charges after a superseding indictment was issued this week. He is charged with solicitation to commit ... (click for more)

The History Of Avondale Recreation Center

I grew up in Avondale from third grade until I was married and two children. East Chattanooga had a center since before I was born. The only time I was gone was when I, along with six buddies, joined the USMC.   The families in Avondale, a working class neighborhood, wanted a community center closer to home so the Avondale Civic League took on the task. They raised the money ... (click for more)

Roy Exum: Bad Ideas Never Work

When the Chattanooga City Council gave Kevin Muhammad, who is purportedly the “leader” of the Nation of Islam’s “Chattanooga chapter” or whatever it is, “the right” to speak for 20 anguished minutes on Monday night, everybody who heard about it could have told our city leaders it was “stinkin’ thinkin’.” My goodness, did you think he was going to read a sweet passage from the ... (click for more)