The Company Lab Announces New Focus For GIGTANK 2014

Thursday, December 19, 2013

The Company Lab Thursday announced that Additive Manufacturing (3D printing), Healthcare and Smart Grid Development will be the three focus areas of GIGTANK 2014, an annual entrepreneurial accelerator that leverages Chattanooga's advanced fiber infrastructure to build next-generation business models. These three industry verticals represent regional economic strengths in which the Chattanooga area has dramatic potential to excel, officials said.

CO.LAB will coordinate the Additive Manufacturing vertical, as well as the Smart Grid track with support from EPB, while ProjectLift will serve as a lead facilitator for the Healthcare track. UTC will provide housing for all GIGTANK teams. 

Now preparing for its third iteration, GIGTANK is the world's only startup accelerator connected to a living, metro-wide fiber optic network. The program takes place each summer between May and August and is hosted by CO.LAB. Applications for the 2014 accelerator will open Jan. 15 and close March 14.

“Chattanooga is a hub for manufacturing and home to the nation’s most advanced smart grid network,” said Mike Bradshaw, executive director of CO.LAB. “Our foothold in these areas creates an entirely new domain of possibilities when combined with our gigabit Internet service. For startups in the healthcare industry, Chattanooga’s broadband opens new territory for developing next-generation telemedicine and medical imagery applications. For those exploring applications in advanced manufacturing and smart grid technologies, we offer a robust network of experts and industry contacts. This is an especially valuable resource to startups looking to pilot new business applications in active, networked industry settings.” 

GIGTANK 2014 will facilitate those opportunities, explained Mr. Bradshaw. At the same time, the program will connect local companies with innovations that could potentially redefine their industries and give them an edge on their competitors.

Partnerships with local manufacturers will be key to the GIGTANK experience, especially among those interested in exploring opportunities related to 3D printing, said officials. With the addition of the Additive Manufacturing track, GIGTANK becomes the nation's first startup accelerator to offer a program focused on launching 3D printing applications in the conventional manufacturing space. The Manufacturing Demonstration Facility at Oak Ridge National Laboratory has already agreed to support this process by providing GIGTANK teams access to its state-of-the-art additive manufacturing equipment. Chattanooga State will also contribute resources to support the Additive Manufacturing track.

To learn more about GIGTANK 2014, visit www.thegigtank.com. For information about becoming a GIGTANK partner, mentor or program participant, click here.

Georgia Ranked Sixth Nationally For Job Growth

The U.S. Department of Labor’s Bureau of Labor Statistics (BLS) announced that  Georgia is ranked sixth nationally and third in the Southeast for top job growth. With the creation of over 79,300 new jobs in the past 12 months, Georgia represents a strong 2.0 percent annual growth rate, which is higher than the nation’s average of 1.8 percent. Georgia also had solid ... (click for more)

Tennessee's Unemployment Rate For August Increased To 7.4%

Tennessee Labor & Workforce Development Commissioner Burns Phillips announced the Tennessee preliminary unemployment rate for August was 7.4 percent, three tenths of one percentage point higher than the 7.1 July revised rate. The U.S. preliminary rate for August was 6.1 percent, down from 6.2 percent in July. Economic Summary • Over the past year, Tennessee's unemployment ... (click for more)

3 People Shot On Wilson Street; One Victim Has "Life-Threatening" Wounds

Three people were shot on Wilson Street on Sunday night, including one who was critically injured. At approximately 8:22 p.m., Chattanooga Police responded to 2300 Wilson St. for shots fired in the area. O fficers located two black males suffering from apparent gunshot wounds. O ne victim was transported by HCEMS to a local hospital for non-life threatening injuries. ... (click for more)

Jumoke Johnson Jr. To Plead Guilty On Selling Crack Cocaine

A youth who was in the news earlier as a teen who had been the first in his family to graduate from Brainerd High School and who found a patron willing to pay for his college education is set to plead guilty on Tuesday to a charge of selling crack cocaine. Jumoke Johnson Jr., who turned 21 on Saturday, dropped out of Miles College in Alabama after one semester and has been ... (click for more)

Conservation On Signal Mountain

The town of Signal Mountain appointed a working group to put together a conservation easement to protect certain of the town's park lands.  The members of the Conservation Easement Working Group would like to respond to concerns and comments raised about the town’s efforts to protect certain park land from residential or commercial development by granting a conservation ... (click for more)

Roy Exum: A Late Garden Walk

Due to a series of pressing events I didn’t get a chance to make my September walk through the garden until yesterday. It is normally my custom to take a stroll on the first day of each new month, looking for the orchids and onions that might appear, so I can award them to those among us who deserve one or the other. So before the temperatures drop, allow me to catch up: AN ORCHID ... (click for more)