By Dave Flessner
Chattanooga Times Free Press, Tenn.
WWR Article Summary (tl;dr) The Dyanmo accelerator in Chattanooga is in the process of choosing 10 startups to participate in its summer program focused on the newest and best ideas in shipping and logistics. More than 120 companies from around the world have applied for the 3 month incubator which will help participants turn their innovative ideas into workable businesses.
Driver-less trucks, drones within warehouses and droids that deliver Jimmy John’s sandwiches.
They all could be coming to Chattanooga this summer — or at least the developers of those ideas.
More than 120 teams from around the world have applied to participate in a three-month accelerator program focused on the newest and best ideas in shipping and logistics. In the week ahead, Ted Alling and the other organizers of the Dynamo accelerator hope to narrow the list to the top 10.
Those selected to participate will come to Chattanooga in July and work for three months to turn their innovative ideas into workable businesses to pitch to investors by October.
“We truly have some groundbreaking ideas from all over the world, and I can’t think of better place to help start a business,” Alling told entrepreneurs last week during a talk in the Edney building, the hub of Chattanooga’s Innovation District. “People here really want you to succeed.”
Chattanooga has already been the breeding ground for a variety of successful logistics companies. Two of America’s biggest long-haul trucking companies — U.S. Xpress Enterprises and Covenant Transport — both started 30 years ago shortly after the deregulation of trucking. Over the past half century, Kenco has grown into the nation’s biggest privately owned warehousing company.
Alling and his college fraternity brothers from Samford University brought a technology focus to the industry in 2002 when they launched Access America to help better schedule and handle freight shipments. Without any trucks of its own, the logistics handling firm grew to more than $490 million in annual sales before being sold two years ago to Coyote Logistics, which was acquired last year by UPS for $1.8 billion.