Chattanooga TN Opening Up The Gig City For The Gig Tank In $300,000 Competition For Start Ups & Students

Chattanooga TN is opening up their Gig City this summer for one of the biggest start up and student tech competitions in the United States outside of New York, Silicon Valley or Las Vegas.

The Gig Tank is part start up accelerator, part think tank, part contest and part summer camp. The Gig Tank is split into two main parts the Entrepreneur’s Accelerator and the Student Think Tank.

Entrepreneurs are invited to apply here to come to Chattanooga TN, the Gig City, from May 14th to August 16th. Each team selected to come to the Gig Tank will receive $15,000 in investment capital to spend the summer in Chattanooga.

More after the break

Each team will develop a Gigabit idea and have it fostered and mentored by a great panel of judges including; Jason Collins, Vice President of Emerging Technology at Alcatel Lucent, Deborah Magid, Director of Software Strategy at the IBM Venture Capital Group and Entertainment Mogul Jay Faires. They are just a few of the 25 judges and mentors from the tech community that will be mentoring and judging the competition.

Out of the Entrepreneur teams the most disruptive business plan will take home $100,000 cash prize at the end of the Gig Tank.

Students selected for the Gig Tank will come to Chattanooga from June 11th to August 16th with lodging provided. They’ll collaborate with other students, hack and imagine the power of the internet when bandwidth is not an issue. The best student born idea will take home a $50,000 prize and have a chance to pitch their ideas to Venture Capitalists and Angel Investors.  The deadline to register is tomorrow!

Why is this called the Gig Tank and the Gig City? Well Chattanooga TN is the first city on the Western Hemisphere to have a one gigabit per second fiber optic network across the entire city including all it’s business and all its residents. The fiber optic network has up to 200 times the speed available in other communities.

To register or learn more about it click here

 

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