The Company Lab (CO.LAB) is a startup accelerator based in Chattanooga, Tennessee. This non-profit organization supports entrepreneurship in the southeastern Tennessee region by helping startups get off the ground. Their mission is to increase the viability of startups by providing them with the services and infrastructure they need to grow.
CO.LAB offers a variety of programs tailored to specific stages of startup development. Their CO.STARTERS program is for early-stage ventures and helps teach entrepreneurs the basics of business model development. Their HealthTech Accelerator, in partnership with Erlanger Health System, is for startups working in the digital health and medical device sector.
Some successful companies that have been a part of CO.LAB includes Skuid, a no-code cloud application platform, and Branch Technology, a construction technology company that used 3D printing technologies. Skuid has raised more than $45 million in funding, while Branch Technology has attracted major clients like NASA.
CO.LAB also hosts an annual event, the 'Will This Float?' competition, where entrepreneurs pitch their business ideas to a panel of judges. Winning ventures are awarded a cash prize and additional resources to help further their business goals.
One successful founder from CO.LAB is Ryan Cox, the co-founder of HATponics. Their company was part of the CO.LAB Accelerator program in 2013 and now operates in 67 countries. They use aquaponics to reliably grow food in difficult conditions and aim to end world hunger by 2025.
A unique initiative from CO.LAB is their GIGTANK program, a specialty accelerator dedicated to startups working with gigabit fiber networks. This program has evolved over time to focus on Internet of Things (IoT) and other advanced networking technologies.
Showing your skills in picking successful startups and advising founders is the surest way to build your reputation and secure a venture capital role.
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