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.


Gretchen Abernathy Named Distinguished Educator Of 2015

The Georgia Commission on the Holocaust has named Gretchen Abernathy the Distinguished Educator of 2015 for her exemplary contribution to the organization’s mission. She was recognized by State Representative Bruce Broadrick during the Days of Remembrance Ceremony at the State Capitol for her recent accomplishment, along with three Dalton Middle School student winners of the 2015 ... (click for more)

Tennessee Financial Literacy Commission Offers Free Training Summits For Teachers

The Tennessee Financial Literacy Commission, a program of the Tennessee Treasury Department, will celebrate April Financial Literacy Month by offering training summits for teachers of kindergarten through eighth grade, on  Saturday, April 25 , at Chattanooga State Community College. In the last two years, the Tennessee Financial Literacy Commission has trained over 2,000 ... (click for more)

Erlanger's Good Financial News Continues With $11.4 Million Profit For Past 3 Months; Profit At $25.3 Million After 9 Months

Erlanger Health System's good financial news keeps coming - with the announcement on Monday of a profit of $11.4 million for the past three months. Brit Tabor said the hospital has a profit of $25.3 million for the first nine months of the fiscal year. Kevin Spiegel, hospital president, said more good news is projected for the fourth quarter. Mr. Tabor said, "Our market ... (click for more)

Erlanger To Get $100 Million New Electronic Medical Records System

Erlanger Health System will be getting a new electronic medical records system costing just short of $100 million, Erlanger CEO and President Kevin Spiegel said Monday. He said the old Legacy IT system was the hospital's #1 dissatisfaction source. The hospital board is to be asked to approve the system, which will be paid for over several years, at the May board meeting. ... (click for more)

Shock Should Be At Low Teacher Salaries - And Response (4)

In a recent article, Commissioner Tim Boyd is quoted as being shocked at the "high" salaries of central office personnel. While I agree that their salaries are significantly more than what a classroom teacher could ever hope to make, I believe that his shock and disgust are misplaced.  Those salaries, when compared to private-sector jobs, are hardly out of line. Superintendent ... (click for more)

Roy Exum: Why The British Attacked

This was a pretty big week exactly 240 years ago and what happened then is really important now. The British Army, after arriving in increasing numbers seven years before, decided to launch a sneak attack on Concord, Mass., and several other towns in mid-April of 1775. Their purpose was simple: take away every gun you can find. Confiscate every weapon of any kind. It was believed ... (click for more)