GIGTANK Archives - Launchopedia

CO.LAB is relaunching its GIGTANK accelerator program to bring together a cohort of six startups from the private sector. The program has researchers from the university setting that work with IoT, Artificial Intelligence/Machine Learning, Smart Cities, VR/AR, Big Data Analytics and E-Gaming technologies to apply a robust set of resources to scale projects.

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Sector

Segments of the economy in which business markets share similar operating characteristics, or similar products and services are known as sectors. The three major classifications of sectors are the primary sector, which includes raw materials such as minerals and mined materials, and natural products such as agriculture and forestry products, the secondary sector which includes manufacturing, processing and construction and the tertiary sector which is comprised of companies which provide services.⁶

Startup

A startup is a new business venture / enterprise in its initial or early stages of development. These stages include the concept, seed, early, growth and mezzanine stages.⁶

Accelerator

In an Accelerator, a Seed investment is made in return for equity and usually between $15K - $50K. Startups are admitted in classes and work in groups. They are generally given a deadline to complete intensive training and iteration (typically 1 week to 6 months). Startups end an accelerator program with a Demo Day in which they pitch to investors.²

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INFOGRAPHICS

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