UTC Startup Is First Team Selected for GIGTANK 2014

Thursday, March 27, 2014
(from left)  Robin Moldenhauer, UTC/GIGTANK Fellowship recipient; Dr. Ashish Gupta, associate professor of analytics and information systems in the UTC College of Business; and Mike Bradshaw, executive director of CO.LAB.
(from left) Robin Moldenhauer, UTC/GIGTANK Fellowship recipient; Dr. Ashish Gupta, associate professor of analytics and information systems in the UTC College of Business; and Mike Bradshaw, executive director of CO.LAB.

The University of Tennessee at Chattanooga (UTC) and The Company Lab (CO.LAB) have partnered to launch a new UTC/GIGTANK Fellowship, which will engage qualified student entrepreneurs and at least one UTC professor as participants in GIGTANK 2014.

GIGTANK is an entrepreneurial accelerator that attracts national talent to Chattanooga each year for 10-12 weeks of intensive startup development. The creation of the UTC/GIGTANK Fellowship guarantees that UTC and the Chattanooga community will have a high-prospect entrepreneurial team working on an innovative startup in the program. As a benefit of participation, all GIGTANK teams receive $15,000 in initial seed funding and an opportunity to attract additional investment from angel and private equity investors.

This year, the recipients of the UTC/GIGTANK Fellowship are Robin Moldenhauer, Kevin Ringstaff and Rupinder Kaur. They will work with Dr. Ashish Gupta, associate professor of Analytics & IS in the UTC College of Business, on a big data analytics startup for the GIGTANK Healthcare track.

“At UTC, we are proud to partner with The Company Lab on this new GIGTANK Fellowship. We fully embrace the opportunities of being Chattanooga’s GIG UNIVERSITY and the spirit of entrepreneurship that makes our community strong. Our College of Business instills this idea in its students. I have no doubt this year’s students will benefit greatly from this experience as will students from across the campus in the future,” said Jerald Ainsworth, provost and senior vice chancellor for Academic Affairs.

Students from across all of UTC’s colleges and academic disciplines will be eligible for future UTC/GIGTANK Fellowships.

Now preparing for its third iteration, GIGTANK 2014 will focus on launching businesses in the 3D printing/additive manufacturing, smart grid and healthcare industries. More than 65 startup teams and 150 specialists applied for this year’s program, marking an uptick in interest from candidates across the country. With the competitive selection process now underway, Dr. Ashish Gupta’s team is the first to be admitted into the program. CO.LAB will announce the full roster of GIGTANK teams in April.

Mike Bradshaw, executive director of CO.LAB, pointed to the UTC/GIGTANK Fellowship as another important step in the local effort to engage area students with Chattanooga’s entrepreneurial community.

“We are very excited about this new pilot program,” said Mr. Bradshaw. “The UTC/GIGTANK Fellowship represents another avenue connecting UTC with Chattanooga’s startup community, and it also symbolizes the tremendous partnership CO.LAB and GIGTANK enjoy with UTC.”

Over the last two years, UTC and CO.LAB have worked collaboratively to increase support for entrepreneurs at both the student and professional levels. Those efforts have grown to include UTC’s housing sponsorship for GIGTANK and student participation in CO.LAB events, as well as CO.LAB’s contributions to UTC’s Veteran’s Entrepreneurship Program, CEO Club and Entrepreneurship Forum, among other activities. The UTC/GIGTANK Fellowship is an extension of this work, allowing both organizations to blend their resources in ways that more closely unite Chattanooga’s educational and entrepreneurial communities.


Cleveland State Seeks To Help ITT Tech Students Achieve Their Goals

In light of ITT Technical Institute’s announcement to close its doors, Cleveland State Community College officials said they invite any students from ITT to schedule a visit to the CSCC campus. "Cleveland State is committed to working with these students to help them continue on a path to achieving their goal of earning a credential in a related field. Cleveland State is a public ... (click for more)

AT&T Donates $5,000 To CSCC

AT&T announced a $5,000 contribution to the Cleveland State Community College to support non-traditional, underserved students preparing for high-skill jobs requiring technology-based skills in Tennessee community colleges.  The donation will fund scholarships to help students begin a path toward completing their college degrees. The contribution was presented on Tuesday ... (click for more)

Commissioner Smedley Comes Up With Another $25,000 To Do Away With Porta Potties At East Hamilton

County Commissioner Sabrena Smedley has come up with another $25,000 to try to do away with porta potties at East Hamilton Middle/High School. She earlier pulled $100,000 from county funds for the project. Commissioner Smedley said the initial projected cost was $100,000, but the price tag has gone up. The money would be used to build a restroom facility and concession ... (click for more)

Investor Sues Dyer, Brennan For $37,500, Plus $1 Million Punitive Damages

A man who said he invested $37,500 with Douglas Dyer and James Brennan is suing them for that amount, plus attorney fees and $1 million punitive damages. The complaint in behalf of David T. Hardegree was filed in Circuit Court. Also sued were Alison Dyer and Carole Brennan as well as Broad Street Ventures. Mr. Hardegree said he turned over the money to the men for the purchase ... (click for more)

Jimmy Templeton Will Be Missed At The City Yards

If only we had known about the Chattanooga City Council's planned retirement send off for Jimmy Templeton of Public Works, the room would have been filled to overflowing with his friends and admirers - including me.   I have had the honor of knowing and working with Jimmy since the 1970's (and also knew his father "Big Jim").  Jimmy was a strong right hand for whoever ... (click for more)

Roy Exum: Vin Scully’s Last Time

It is said that the opening paragraph of my favorite ode to baseball should be the centerpiece for the canon of sports literature. It was written by former commissioner Bart Giamatti in "The Green Fields of the Mind,” a most marvelous essay to the last day of the regular season in the major leagues. “It breaks your heart. It is designed to break your heart. The game begins in ... (click for more)