Technology enabling supercomputing on a standard PC won first place in the 2008 Georgia Tech Business Plan Competition.
Designed for engineers, scientists, financial analysts, and others requiring extreme computational power, this software technology was developed by the team AccelerEyes.
In addition to the $10,000 first prize, AccelerEyes also won the Most Fundable award (a service package worth $40,000 in legal, financial, and other services), which goes to the team deemed by judges to be most ready to enter the marketplace.
All together, the 2008 competition awarded a total of $63,500 to participants. Of 19 teams that made it to the semi-finals, five advanced to the final found held February 22.
The AccelerEyes team, which also recently won the Georgia Bowl business plan competition, includes MBA student David Silver; electrical and computer engineering PhD students John Melonakos, Tauseef ur Rehman, and James Malcolm; and computer science PhD student Gallagher Pryor. In addition, the team includes two Emory law students Matt Nesbitt and Chris Meeks.
AccelerEyes members participate in the Technological Innovation: Generating Economic Results (TI:GER®) program, a collaboration between Georgia Tech and Emory Law School that is nationally recognized for its success at developing the next generation of entrepreneurs. The top three winning teams in the Business Plan Competition all participate in TI:GER.
Participation in the annual Business Plan Competition is open to all Georgia Tech students and alumni who've graduated within the last five years. Intended both to educate and facilitate startups, the competition often leads to the creation of real technology-based businesses.
AccelerEyes is serious about bringing its software to market. Already patented, the team’s software makes supercomputing on a PC possible by enabling the popular MATLAB programming language to easily utilize the great power of the graphics processing unit, which has much more muscle than a computer's central processing unit.
Designed to be user friendly, AccelerEyes software is patented and in testing by users at such major companies at General Electric and Google.
“There’s no other comparable software out there that’s as intuitive to use as ours,” says AccelerEyes team member and MBA student David Silver.
The AccelerEyes team says it’s already attracting potential investors and expects its software to officially hit the market by summer.
Syzygy won second place ($3,000) in the competition for its plan to market shape memory technology involving smart material capable of adapting itself to perfectly fit into a customer’s ear in a truly one-size-fits-all approach.
This design creates a personalized fit for earphones, wireless Bluetooth devices, and hearing aids, alleviating the common comfort problems associated with these devices and empowering each user to fully realize the sophistication of today’s audio technology, explains the Syzygy team.
This TI:GER team’s members include MBA student Brent Duncan, mechanical and systems engineering PhD student Walter Voit, and law students Justin Helsby and Rob MacKenna.
DiagNano, an early-stage technology company focusing on in vitro cancer diagnostics, won third-place ($2,000).
The company offers nanotechnology-based products for tissue biopsy analysis to provide clinicians with a patient-specific cancer fingerprint.
This TI:GER team’s members include MBA student MBA student Kristina Crockett, biomedical engineering PhD student Brad Kairdolf, Emory law students Richard Gaddis, M. Eric Galvez, and Laura Huffman, and Emory JD Jarrett Silver.