CO.LAB Updates

1 Million Cups featuring Tiffany Pauldon-Banks, Lil Mama’s Chicago Style Hoagy

Join us for this special 1 Million Cups with Tiffany Pauldon-Banks, owner of the new Lil Mama’s Chicago Style Hoagy coming soon to the Tomorrow Building! This week’s 1 Million Cups will kick off this month’s Basecamp, which will include The Journey at noon with Brandalynn Shropshire and Lakweshia Ewing, and a virtual happy hour featuring to-go cocktails and appetizers (first 40 to sign up get these for free!) and live virtual music from Kimmie J. Soul.

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In the News

“Give everybody the internet” — Vox

Our partners at EPB, City of Chattanooga, and The Enterprise Center were highlighted in this Vox article as “Perhaps the biggest success story to date in the US of a city taking the internet into its own hands”.

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More news from the community:

“TechX Awards honor top companies, executives in Chattanooga’s technology industry” — Chattanooga Times Free Press

“TVA Recognized As A Top 10 Employer For Veterans In The Workforce” — The Chattanoogan

“Jane Fraser to become Citi CEO; 1st woman to lead major bank” — Chattanooga Times Free Press

Capital Update

TN Small Business Relief
The Tennessee Business Relief Program was created to provide relief payments to more than 40,000 eligible businesses that had to temporarily close or suffered a substantial reduction in taxable sales due to COVID-19. Learn more and apply by September 25th by clicking the button below! 
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Partner + Community Updates

ESHIP Summit: Sept. 15 – 16
Our partners at the Kauffman Foundation are hosting the ESHIP Summit which brings together entrepreneurial ecosystem builders — leaders who connect resources and people to help accelerate entrepreneurship in their communities — who want to strengthen their local entrepreneurial ecosystem while helping to foster ecosystem building as a professional field of practice. Click here for more information.

Halcyon Incubator 2021
Applications are open for the Halcyon Incubator 2021 Fellowship! Start your application today to receive the support you need to grow your business. Fellows receive $10k stipend, rent-free housing, lifelong community, and access to a diverse network of mentors, advisors, and investors. Apply here!

Founder Spotlight

Josh Rabinowitz, Articulate Labs

Josh Rabinowitz of Articulate Labs, Credits: Dallas Innovates

Josh Rabinowitz, a participant of CO.LAB’s 2020 HealthTech Accelerator, has been selected as a Cycle 1 Semifinalist for NASA iTech’s call for inventive ideas that could benefit space exploration as well as solve challenges on Earth. Of the submissions to the first cycle of the competition in 2020, NASA has selected 25 semifinalists.

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Work for a Local Startup

Partner Success Associate (Bellhop)
Full-Stack Developer (ProNvest)
Customer Care Specialist (Bellhop)
Insides Sales Executive (Rhinogram)
Marketing Designer (Rhinogram)

Video Content Producer (Freightwaves)
TV/Events Executive Producer (Freightwaves)
Quality Assurance Engineer (Text Request)

What We’re Reading

As any business owner knows, strategic marketing and advertising are crucial to a business’s success. But how much should a company spend on these efforts? Local marketing agency Spectruss offers their insights. Here are the takeaways:
  • New companies should spend 12-20% of their gross revenue on marketing budget, while established companies should spend 6-10%. (A rule of thumb, of course, and can vary depending on industry.)
  • Develop a strategy on where to spend marketing budget by looking at competitors, industry trends, and consumer behavior.

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