A Washington, D.C.-based investment firm has picked Chattanooga to be part of a five-city bus tour that showcases emerging startup ecosystems.
Venture capital firm Revolution’s Rise of the Rest Road Trip is a biannual bus tour during which officials showcase startup scenes and host a pitch competition.
Chattanooga startups will be able to compete for a $100,000 investment from the Rise of the Rest Seed Fund.
“The Rise of the Rest tour is an incredible opportunity to share the Chattanooga story, including the work that has been done to create and support the entrepreneurial community we see today,” The Company Lab Chief Executive Marcus Shaw said in a prepared statement.
On May 10, Revolution representatives will host the pitch competition and spend the day working with local entrepreneurs, businesses, nonprofits, universities and public officials to discuss the opportunities and challenges of fostering startup growth.
They will also host a fireside chat covering the opportunities for regional entrepreneurship today, according to a news release.
Since the tour launched, Revolution CEO Steve Case and his team have traveled more than 8,000 miles via bus to 33 cities to invest in local startups.
Hamilton County Mayor Jim Coppinger said he is excited to see local efforts recognized with this tour.
“We are thrilled that startups in our region have earned the opportunity to compete for investment through this national platform,” he said in a prepared statement.
Memphis is also on the tour.
State officials, including Gov. Bill Haslam and U.S. Sens. Bob Corker and Lamar Alexander, reacted to the news here.
Click here to apply for the pitch competition.