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. 



Scam Phone Calls Continue; IRS Identifies Five Easy Ways To Spot Suspicious Calls

The Internal Revenue Service issued a consumer alert today providing taxpayers with additional tips to protect themselves from telephone scam artists calling and pretending to be with the IRS.   These callers may demand money or may say you have a refund due and try to trick you into sharing private information. These con artists can sound convincing when they call. They ... (click for more)

CBL & Associates Properties To Pay Common And Preferred Stock Dividends

CBL & Associates Properties, Inc. Thursday announced that its Board of Directors has declared a quarterly cash dividend for the company’s Common Stock of $0.245 per share for the quarter ending Sept. 30. The dividend is payable on Oct. 15 to shareholders of record as of Sept. 30. The Board also declared a quarterly cash dividend of $0.4609375 per depositary share for the ... (click for more)

Bradley, 24, Charged In Death Of Boy, 3; Child Had Numerous Injuries After Left With Boyfriend; Mother Was In Workhouse

Justin Dale Bradley has been charged with criminal homicide in the death of a three-year-old child, who was rushed to the hospital on Wednesday and later died. Police said Dakota James Arndt had numerous injuries over his body. Authorities said Bradley, 24, is the boyfriend of the child's mother, Brianna Kwekel, who was in the Workhouse at the time. Ms. Kwekel was serving 48 ... (click for more)

Helen Burns Sharp Asks Recovery Of Legal Fees In Successful Black Creek TIF Lawsuit

Helen Burns Sharp, citizen activist who sued to try to stop a $9 million Black Creek Tax Increment Financing (TIF) and won, is seeking to have her legal expenses paid by the city and the developers. Ms. Sharp said in a court filing that her legal bills to attorney John Konvalinka are $74,427 thus far. Chancellor Frank Brown ruled in favor of Ms. Sharp, saying the Sunshine ... (click for more)

The Many Lessons I Learned From Helen McDonald Exum

Helen McDonald Exum was my friend and mentor. As I think of her passing I can only imagine the celebration that is happening in heaven as the news of her arrival is being told. I am sure that there is a party that not only has she organized but that there is not a detail that has been left to chance. I am sure that it is the grandest of events, for you see, she has been planing ... (click for more)

Insurance Burden Should Not Fall On The Teachers

I have attended several Hamilton County School Board meetings over the past few months, including the recent special called meeting" to vote on teacher insurance changes. First, let me say I am very impressed with Superintendent Rick Smith and his staff at the Central Office.  Mr. Smith is a very dedicated public servant, working hard to provide services to our community ... (click for more)