The Company Lab kicked off its first official accelerator program in May through GIGTANK 2012. Eight entrepreneurial teams from across the U.S. moved to Chattanooga to participate in the experience, where they developed concepts ranging from mobile campus security to gaming applications. In August, Team Banyan won a $100,000 prize in front of a Demo Day audience of more than 400 people, and the Gig City received attention from investors, researchers, and leaders from around the world, who are interested in leveraging fiber to the home.