First 10 startups onboard at logistics incubator Dynamo

Chattanooga, Tenn.-based technology incubator Dynamo , which was founded in March by industry veterans to help logistics startups accelerate their business opportunities, welcomed the first 10 startups out of more than 120 applicants.

First 10 startups onboard at logistics incubator Dynamo

Chattanooga, Tenn.-based technology incubator Dynamo , which was founded in March by industry veterans to help logistics startups accelerate their business opportunities, welcomed the first 10 startups out of more than 120 applicants.

First 10 startups onboard at logistics incubator Dynamo

Chattanooga, Tenn.-based technology incubator Dynamo , which was founded in March by industry veterans to help logistics startups accelerate their business opportunities, welcomed the first 10 startups out of more than 120 applicants.

 
The Chattanooga, Tenn.-based logistics technology incubator Dynamo on Tuesday welcomed the first 10 startups out of more than 120 applicants.
    “We had to make some hard decisions,” Dynamo Director Santosh Sankar said.
    The 10 teams include founders from London, Dublin, Ireland and Monterrey, Mexico as well as domestic teams from San Francisco, Des Moines, Boston, Atlanta and Chattanooga.
    “We look forward to these next several months where we, along with the broader Dynamo family, will be focused on driving the fundamentals of each business,” Sankar said.
    Dynamo was founded in March by logistics industry veterans Ted Alling, Barry Large and Allan Davis, who had previously started Access America Transport, which they sold to freight broker Coyote Logistics Inc. in 2014.
   The aim of the incubator is to foster growth of logistics technology companies by providing them with business guidance and practical industry expertise to mold their technology ideas. The logistics industry is currently a hot commodity among venture capital and private equity groups looking to fund tech startups.
    The head of a technology provider American Shipper recently spoke with said Silicon Valley venture capital firms are looking for a few characteristics from startups: a massive market, a unique and buzz-worthy idea, traction against the company and a great team.
    The 10 startups will work from Chattanooga for the three-month accelerator, culminating in a demo day Oct. 4.
With trade talks with China still unresolved, retailers appear to be bringing spring merchandise into the country early in case tariffs go up in March.
Spot container rates from Shanghai to the U.S. West Coast stood at $1,834 per FEU as of Feb. 15, while rates from Shanghai to the U.S. East Coast totaled $2,968 per FEU, down 8 percent and 2.8 percent, respectively, from a week prior, according to the Shanghai Containerized Freight Index.
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First 10 startups onboard at logistics incubator Dynamo

Chattanooga, Tenn.-based technology incubator Dynamo , which was founded in March by industry veterans to help logistics startups accelerate their business opportunities, welcomed the first 10 startups out of more than 120 applicants.

By Eric Johnson on Jul 12, 2016AmericanShipper.com

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First 10 startups onboard at logistics incubator Dynamo

Chattanooga, Tenn.-based technology incubator Dynamo , which was founded in March by industry veterans to help logistics startups accelerate their business opportunities, welcomed the first 10 startups out of more than 120 applicants.

By Eric Johnson on Jul 12, 2016AmericanShipper.com