Rise of the Rest is heading to Chattanooga!
Steve Case, J.D. Vance and the Rise of the Rest team will be visiting Chattanooga for their next official tour. Eight finalists are selected in each city and the winner will receive a $100,000 investment from Steve Case’s new Rise of the Rest Fund.
The Chattanooga pitch competition is on Thursday, May 10.
- Application deadline is Tuesday, March 20 at 11:59 PM EST
- Applications will be reviewed on a rolling basis so get yours in as soon as possible.
- Applicant FAQ
Revolution’s RISE OF THE REST ® with Steve Case is a nationwide effort to work closely with entrepreneurs in emerging startup ecosystems. Our view is that this is the beginning of a new era for the entrepreneurship across the U.S. — high-growth companies can now start and scale anywhere, not just in a few coastal cities.
The Rise of the Rest initiative, which includes partners Google for Entrepreneurs, Startup Grind, Tech.Co, Village Capital, Startup Champion’s Network, Powderkeg, Economic Innovation Group and the Kauffman Foundation is a nationwide effort led by Steve Case to showcase – and invest in – talented entrepreneurs across the U.S. Visit our website to learn more about our latest tour, and join the movement!
Revolution’s RISE OF THE REST® with Steve Case is a nationwide effort to work closely with entrepreneurs in emerging startup ecosystems. Our view is that this is the beginning of a new era for entrepreneurship across the U.S. — high-growth companies can now start and scale anywhere, not just in a few coastal cities. The effort has been praised by leading Democrats and Republicans, as well as businesses leaders across the country.
HOW DOES THE RISE OF THE REST TOUR WORK?
On each bus tour, we visit five cities in five days and Steve Case personally invests a total of $500,000 in local startups. Throughout the day we also visit the fastest growing local startups, hear directly from innovators, spend time learning from local policy and business leaders, and host a big party to celebrate startups with the community.
By Tom Ballard, Chief Alliance Officer, PYA
As noted in this recent teknovation,biz post, Steve Case is bringing his “Rise of the Rest Road Trip” to two Tennessee cities in May. He’ll be in Memphis May 8 and Chattanooga May 10, and both cities are recruiting start-ups to apply to pitch.
For entrepreneurs located in parts of East and Middle Tennessee, the Chattanooga stop is the best opportunity.
“We’re recruiting start-ups within 100 miles of Chattanooga, and we want to get as many applications as possible” Tia Capps, Communications Director for CO.LAB, told us. Her organization is coordinating plans for the Chattanooga visit, and the roughly 100-mile requirement is one of several criteria established by Case and the national “Rise of the Rest” team.
Others include applicants must: (1) have a live product or service or an active beta underway; (2) have measurable performance indicators such as revenue, customers, or successful beta results; and (3) be raising or plan to soon raise an early stage round of funding.
The same criteria apply to applicants in both Chattanooga and Memphis. Eight finalists will be selected to pitch.
“Whoever wins gets $100,000 plus an incredible network,” Capps said. That’s $100,000 in each city!
Application deadline for both Chattanooga and Memphis is March 20. Here’s a link to the application site. As noted on that webpage, applicants will be judged on these criteria:
- Bold Idea: Does the idea “swing for the fences” and have the potential to disrupt a big industry, affect your community, or even change the world?
- Jobs: Will the idea, if it scales, employ a large number of people?
- Team: Does the team have the skills and leadership to move forward with this idea?
- Execution: Is there strong customer growth or revenue?
- Business Model: Has a revenue model been defined and is it realistic and sustainable?
- Supporting Documents: The quality of the application responses and other supporting materials such as pitch deck, company website, product demo, video introduction.
Tennessee is in a unique position among the 50 states. When Case visits Chattanooga on May 10, it will mark the third Volunteer State city to host him, the only state in the union to claim that many stops on the “Rise of the Rest Road Tour.” Nashville was a stop in 2014.