Chattanooga Accelerator to Foster Next Generation of Tech Companies
Dynamo, a business accelerator program based in Chattanooga, Tennessee, is harnessing that city’s rich logistics history and current tech boom to help startups disrupt the $1-trillion logistics industry.
Dynamo’s founders—logistics veterans who sold their company, Access America Transport, when it was posting $600 million a year to Coyote Logistics—conceived the accelerator to drive change in the logistics industry.
In mid-July, Dynamo announced the 10 companies participating in its inaugural 12-week program, which its founders hope will help participants create efficiencies and faster business results with technologies and practices ranging from the Internet of Things and robotics to big data, drones, and beyond. The accepted startups hail from around the world including Mexico and London, as well as well-known U.S. tech hubs like San Francisco and Cambridge.
Among the participating companies, Locatible, based in Dublin, Ireland, is a platform that allows logistics and operations leaders to pinpoint the location of their assets within 5 cm, allowing them to gain valuable real-time insights around workflow, asset optimization, and workforce efficiency.
Shipamax, based in London, provides an end-to-end digital brokerage for bulk freight ships carrying agricultural commodities, metals, gasoline products, and other carbons. Leveraging real time data around pricing, asset utilization, and more, shippers can seamlessly book a ship to suit their needs.
Sirenum, also London-based, is a fully automated staff management solution. Sirenum leverages cloud and mobile technology to transform the way organizations connect with their staff, increase the engagement of part-time, temporary, and mobile workers, and improve health and safety compliance in highly regulated industries.
SKUPOS, a San Francisco company, is a two-sided network marketplace for the retail industry, providing store owners and distributors with a clear view into inventory, ordering, delivery, and critical timed opportunities. Inventory is automated with point-f-sale integrations and orders are automatically placed when minimums are met. Distributors have access to in-network inventory levels.
Skydrop, from Monterrey, Mexico, is a platform that connects local, independent delivery agents with small businesses that need last mile pickup or delivery services in Latin America.
Slope.io, native to Chattanooga as well as Mobile, Alabama, provides specialized, software-driven logistics services for clinical research companies.
STORD, hailing from Atlanta, allows users to book full service moving and storage on demand. SynapseMX, also Atlanta-based, is a real-time, mobile platform that allows teams to plan, track, and accomplish aircraft maintenance from anywhere to limit the amount of time aircraft are out of service.
Wise Systems, from Cambridge, Massachusetts, is software that simplifies last-mile delivery. Through real-time updates to drivers, fleet managers, and customers, Wise Systems increases efficiency, transparency and reliability and decreases costs.
WorkHound, based in Des Moines, Iowa, is a software platform that allows truck drivers to use their smartphones to share feedback and ideas with their carriers. WorkHound aggregates this input and turns into actionable insights to help manage and retain drivers.
Chattanooga was chosen for the accelerator program for its rich history of transportation and logistics; the city’s tight-knit entrepreneurial community; and access to high-speed gigabit internet.
A recent report by the Ewing Marion Kauffman Foundation found Chattanooga’s entrepreneurial ecosystem to be a driving source of the city’s recent economic success. The report cites the publicly-owned gigabit network; a history of public-private partnerships and collaborations; a network of entrepreneurial foundations; nonprofits and government organizations, including farsighted leadership of recent city mayors; and the Innovation District as the main drivers of entrepreneurship in the city.
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Digital Solutions take the Spotlight during Supply Chain Forum 2019