CHATTANOOGA, TN (Times Free Press) -- Find geeks, bring them to Chattanooga, then pick their brains. The best idea gets more than $100,000 and an equity investment.

That's the idea behind Chattanooga's emerging Gig City initiative, a handful of programs designed to bring three big elements together: the Internet, investors and ideas.

The third of those elements -- ideas -- has been the trickiest. Chattanooga possesses America's fastest citywide Internet, at about one gigabit per second. That raw speed is available to anyone in town who can pony up the $350 per month.

A gigabit, or about 1,000 megabits per second, is 200 times faster than the average broadband connection. Uploads in Chattanooga zip along the fiber-optic cables at the same speed as downloads, which is perfect for HD gaming, video or other data-rich apps.

Read more about this story from our news partners at the Chattanooga Times Free Press.