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. 



Hicks Speaker For Walker Chamber's Monthly Membership Luncheon

The University of Georgia’s Small Business Development Center will be highlighted by keynote speaker Kinsey Hicks, program coordinator, during the Walker County Chamber of Commerce’s April Membership Luncheon which will take place on Tuesday from 11:30 a.m. to 1:30 p.m. at the Walker County Civic Center, 10052 N Hwy 27, Rock Spring, GA.    The Mission of the ... (click for more)

Local Batteries Plus Rebrands With "Bulbs"

Batteries Plus has announced the rebranding of its Chattanooga store at 1925 Gunbarrel Road as Batteries Plus Bulbs. The store’s new identity is part of a company-wide initiative which began in late 2012 that signals its leadership in the expanding $17 billion U.S. light bulb replacement industry.   Batteries Plus Bulbs has access to more than 15,000 light bulb products ... (click for more)

Shots Fired Durng Armed Robbery At Rossville McDonald's

Shots were fired during an armed robbery at the McDonald's on Rossville Boulevard on Friday morning. At approximately 6:15 a.m., Chattanooga Police responded to a robbery at 4502 Rossville Blvd. at the McDonald’s.  Investigators discovered that two masked suspects entered the McDonald’s. One suspect fired a round into the ceiling and then ordered everyone to the ... (click for more)

Man Shot On East Henderson Drive; Suspect Sought

Chattanooga Police responded to 740 East Henderson Drive at approximately 9:02 p.m. on Thursday for a person shot.  Officers located a black male victim who was suffering from a single gunshot wound to the chest. According to witnesses, the victim was in a physical altercation with multiple parties when a suspect fired at the victim striking him in the chest. The victim ... (click for more)

State Moving Forward In Educational Improvements

The State Collaborative on Reforming Education released the following statement from President and CEO Jamie Woodson regarding the 2014 legislative session in Tennessee and HB1549/SB1835, which passed the General Assembly Thursday: After a year of extensive public and legislative conversation regarding higher academic standards and related strategies to improve student learning, ... (click for more)

Roy Exum: Some Really Funny Tweets

I am not on Twitter so I don’t tweet. Difficulties with my right hand don’t even allow me to text and when you blend in the fact I am now a bonafide senior citizen, it is ample reason for me to live a life where I am lacking in what otherwise might be achieved through social networking. Twitter has done real well without me. It is one of the 10 most visited websites in the world; ... (click for more)