Chattanooga Gig TankNovember 22nd, 2011 | By Glenn Ricart
Gig City is inviting the smartest and most creative entrepreneurs and students to join the Gig Tank. Part start-up accelerator, part think tank, with one mission: imagine the future of the Internet when bandwidth is no longer a barrier.
The Gig Tank will host its entrepreneur teams and students alike on the country’s first and largest Gig fiber network with service available across 600 square miles to all residents and businesses.
And if plugging into the largest hyper-fast fiber network in the hemisphere isn’t enough, there’s up to $300,000 in cash prizes and seed capital at stake. If you have an idea for the next world-changing killer gigabit app or business, Gig Tanks wants to hear it.
May 14 – August 16, 2012
Each team selected for the Gig Tank will be offered $15,000 in investment capital to come to the Gig City this summer, develop their gigabit business idea and test it on a live residential and business test market. The ten teams chosen for this competition will be mentored by teams of entrepreneurs, VCs and angel investors. Ultimately, the smartest, most disruptive business plan will capture a cash prize of $100,000.
June 11 – August 16 2012
Students selected for the Gig Tank will spend the summer in Chattanooga — lodging provided — collaborating, hacking and imagining the future of the Internet when bandwidth is no longer a barrier. All you need is a gigabit idea and the technical skills to start building it. The best student-born idea hatched in the Gig Tank will take home a cash prize of $50,000 and a chance to pitch their idea to VCs and Angel investors
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