GIGTANK Is Underway

Tuesday, May 14, 2013
Mike Bradshaw, entrepreneur in residence for GIGTANK and co-director of The Company Lab, addressing GIGTANK participants on opening day.
Mike Bradshaw, entrepreneur in residence for GIGTANK and co-director of The Company Lab, addressing GIGTANK participants on opening day.

GIGTANK 2013, a Chattanooga-based summer-long accelerator hosted by the Company Lab, kicked off Monday morning. For the next three months, GIGTANK’s startups and specialists will build and test their applications while taking advantage of Chattanooga’s one-gigabit-per-second Internet speeds.

GIGTANK, the world’s only accelerator focused on gigabit fiber networks, connects entrepreneurs with the tools, capital and contacts needed to go to market. The program culminates with Demo Day on Aug. 6 in Chattanooga, when participants will pitch their startups to hundreds of investors, potential corporate partners and members of the press. 

“We have extremely talented and creative people coming to Chattanooga from France, China, Bulgaria, India and all over the U.S.,” said GIGTANK Director Sheldon Grizzle. “The industries represented are as diverse as the participants and include health care, manufacturing, finance and retail technology. Our participants realize that Chattanooga’s fiber infrastructure is one of the most advanced in the world and they are eager to test their applications here.” 

Entrepreneur Bogdana Rakova and her team have joined GIGTANK from Bulgaria to take advantage of the program’s resources and Chattanooga’s superior Internet connectivity. Their startup, HutGrip, aims to enhance product feedback and automation in manufacturing processes for small and medium-sized manufacturing companies. 

“We’re really excited to be here,” said Rakova, HutGrip’s chief technology officer. “Through GIGTANK, we’ll have the opportunity to get out in the field, work directly with potential clients and truly understand the problems that they face.”

In addition to the startups, 13 specialists have been selected to participate from colleges and universities across the country, including University of Chicago, Vanderbilt University, Duke University, University of Michigan and Dartmouth College. 

This year, GIGTANK has partnered closely with ng Connect, a program launched by Alcatel Lucent that facilitates the collaboration of over 200 companies to create new products for high-speed networks. As a GIGTANK partner, ng Connect provides the startups and specialists with access to next-generation tools and concepts.

GIGTANK also features partners and mentors from other prominent companies and organizations around the globe, including Alcatel Lucent, Cisco, Mozilla, Xerox, Warner Brothers, US Ignite, National Science Foundation, EPB, LampPost Group, Chambliss Bahner and Stophel, University of Tennessee-Chattanooga, Chattanooga Renaissance Fund, Solidus, Chattanooga Chamber of Commerce, Benwood Foundation, Lyndhurst Foundation and more. 

First Horizon Declares Quarterly Dividend

First Horizon National Corp.'s board of directors has approved payment of a quarterly cash dividend on its common stock of $.07 per share. The dividend is payable on Jan. 3, 2017, to the common shareholders of record on Dec. 9.   The board of directors has also approved payment of a quarterly cash dividend of $1,550.00 per share on FHN's Non-Cumulative Perpetual Preferred ... (click for more)

Chattanooga's NorthShore Offers Activities To Get Families Off Their Devices This Holiday Season

The NorthShore Merchants Collective is hosting its Second Annual Holiday Window Treasure Hunt to benefit the Northside Neighborhood House.   "To join in the fun, all you have to do is pick up a game card from any one of twenty-seven participating businesses and start a-hunting," officials said.  "Similar to those 'find the hidden object in the picture"' games you might ... (click for more)

In Surprise Vote, Chattanooga City Council Turns Down Short Term Vacation Rentals

In a surprise vote, the City Council on Tuesday night turned down allowing a process to legalize short term vacation rentals in Chattanooga. Only Chip Henderson and Jerry Mitchell voted in favor. Opposed were Carol Berz, Yusuf Hakeem, Larry Grohn, Moses Freeman, Ken Smith and Russell Gilbert. Chris Anderson was absent. Afterward, Councilman Smith said, in light of the vote, ... (click for more)

Cold Case Unit Makes Arrest In Murders Of Brothers In Brainerd Almost 20 Years Ago; Detectives Say Brainerd Jeweler Rick Davis Tied To Incident

The Cold Case Unit set up by District Attorney Neal Pinkston has made an arrest in the murders of two brothers in Brainerd almost 20 years ago. The Hamilton County Grand Jury on Monday indicted 52-year-old Christopher Jeffre Johnson on two counts of first-degree murder in the January 1997 deaths of Sean and Donny Goetcheus. The 25-year-old Sean Goetcheus and his ... (click for more)

October Is Breast Cancer Awareness Month

Picture a sold-out baseball game at Wrigley Field or Nationals Park packed with 40,000 fans. That image represents roughly the same number of women and men who die from breast cancer each year.  In Tennessee alone, an estimated 900 women will die from the disease in 2016. It is a sad statistic, but there is some good news: thanks to early detection and improved treatments, ... (click for more)

Roy Exum: What Southerners Sing

Barry Norris plays the organ at Birmingham’s East Lake United Methodist Church and two days ago the church hosted what we used to call “A Singing on the Grounds.” Today it is called a “Hymnfest” and, believe it or not, it is has to be just as fun today as it was 100 years ago when our forefathers tied their horse and wagon to a tree. It just so happens I know a little bit about ... (click for more)