GIGTANK Selects Startup Teams for 2014 Accelerator
National talent in 3D printing, smart grid and healthcare industries to innovate in Chattanooga
CHATTANOOGA, Tenn. (April 10, 2014) – Startup innovators and specialists from across the U.S. will soon convene in Chattanooga to launch 12 next-generation companies. As the newest members of GIGTANK, these emerging entrepreneurs will spend 10-12 weeks preparing startups for the 3D printing/additive manufacturing, smart grid and healthcare markets.
Hosted by The Company Lab (CO.LAB), GIGTANK is an annual startup accelerator that connects seed stage businesses with the tools, capital and connections needed to go to market. As the first and only startup accelerator wired to a metro gigabit network, GIGTANK attracts world-class talent to Chattanooga each summer, as well as ongoing recognition from tech circles across the globe.
This year, the accelerator will accommodate 12 startup teams and 10 specialists throughout the duration of the program, which begins May 12 and ends July 31. Key participation benefits include $15,000 in initial seed funding for startup teams, a $3,000 stipend for specialists, free workspace and free housing from the University of Tennessee at Chattanooga.
“The interest GIGTANK has received from startups across the country has been amazing,” said Mike Bradshaw, director of GIGTANK and executive director of CO.LAB. “The reputation the program earned in its first two years brought us dozens of very highly-qualified applicants.
Participants for the 2014 program come from a diverse array of geographies, backgrounds and skill sets. Among them, some are based as far away as San Diego and Los Angeles, while others are located in nearby cities such as Atlanta, Huntsville and Asheville.
“We were very excited to see so many innovative, qualified teams from the Southeast apply to GIGTANK,” said Bradshaw. “Building a regional focus with neighboring startup communities is a priority we all share, and we already see that value at work in our 2014 cohort.”
To support GIGTANK 2014’s three startup tracks, EPB and ProjectLift are partnering with CO.LAB to facilitate the program. EPB is assisting with the Smart Grid vertical, and ProjectLift is leading the Healthcare track. CO.LAB will oversee the 3D Printing/Additive Manufacturing vertical and provide general programming.
“One of our goals this year is to connect our region’s legacy as a manufacturing hub with its future-forward position as the nation’s first Gig City,” explained Bradshaw. “Gigabit networks like ours will play a central role in connecting the manufacturing supply chains of the near future. Along with our healthcare and smart grid teams, GIGTANK 2014 combines our region’s traditional strengths with our culture of innovation.”
National partners and supporters of GIGTANK 2014 include Alcatel-Lucent’s ngConnect program, US Ignite, Mozilla and Verizon Wireless, among others. To view a full listing of local and regional partners, click here. Visit www.thegigtank.com to learn more about GIGTANK 2014.
About the Startups
3D PRINTING/ADDITIVE MANUFACTURING TRACK
Feetz is a 3D printing manufacturer and retailer that creates custom-fit footwear for consumers of all shoe sizes. Using patented algorithms and snapshots from the customer’s phone, Feetz integrates custom sizing measurements with individual design preferences to bring comfort, fit and style into each pair of hyper-customized shoes.
Lathon Technologies is a producer of affordable dual material desktop 3D printers. The company’s leading product, the Lathon 3D Printer, is a dual-nozzle large format printer that prints multi-material parts faster and larger than current desktop printers on the market.
SeamBot is an additive manufacturing technology for clothing makers and crafters worldwide. The platform uses automation technology from the textile industry to enable the rapid creation of clothes and textile products.
The Fab Cloud is a Web platform that facilitates project collaboration between partners and customers in the additive manufacturing industry. This online network connects users with additive project proposals to equipment owners who are looking for clients, while equipping both parties with successful case studies to guide the way.
TrakTek 3D is a mobile manufacturing facility that uses advanced 3D printing to create an array of metal and polymer-based parts on-demand and on-site at the location of clients’ choosing. This innovative new platform drastically reduces lead time while bringing lightweight, customized parts to consumers in industries ranging from equestrian sports to automotive racing.
3D PRINTING & HEALTHCARE TRACK CROSSOVERS
3DOps is a 3D printing manufacturer that provides contract medical devices for pre-surgical planning. Using patient-specific data, the company creates anatomical 3D models that enable surgeons to plan procedures before operating on patients.
Nestegg Bio is a biotech solutions provider that leverages 3D printing to spur advancements in biomedicine. Using patent-pending technology, the company provides non-toxic scaffolding to the pharmaceutical and research industries – enabling them to make informed decisions about which products to fund and reducing the cost of bring a single drug to market.
KORHealth is a mobile platform that engages healthcare providers, patients and families in pursuing better health outcomes. This cloud-based solution is designed to educate consumers about positive health choices, inspire healthier behaviors and empower patients to participate in their own care.
MHA is big data driven solution applied to improve mental health conditions. This cost-effective technology is designed to support highly under-diagnosed conditions such as PTSD, Alzheimer’s Disease, MTBI and depression, which can be difficult to manage for patients, families, care providers and the healthcare system.
eFit2Play is a health and wellness technology solution for childhood obesity prevention service providers. This interactive, social engagement platform inspires kids and their families to live healthy lives by rewarding them for meeting milestones while measuring the child’s progress and wellness outcomes for healthcare providers.
SMART GRID TRACK
GridCure is a smart grid software analytics provider that focuses on security and operation management. The company offers solutions to power utilities that want to take full advantage of the enormous amounts of data their grids are generating.
*Additional smart grid startup to be announced.