Banyan Awarded $100,000 Top Prize At GigTank Demo Day

Thursday, August 9, 2012

Banyan was awarded the top $100,000 prize on Thursday at GigTank Demo Day for the groundbreaking version control system that they presented to a panel of judges and 500-plus audience. The event marked the finale of the 14-week GigTank accelerator program, co-hosted by CO.LAB and Lamp Post Group in partnership with the Chattanooga Chamber and EPB, which built and manages America's largest 1 gigabit per second Internet in Chattanooga.

Banyan (http://getbanyan.co/) provides solutions to the logistical and authorship challenges faced by researchers. With a modern user interface and integrated productivity tools, Banyan facilitates collaboration and information sharing in the research industry, where the U.S. spent $67 billion in 2011. A $50,000 prize also was awarded to Babel Sushi (http://babelsushi.net/) of the GigTank student track for the first crowd-sourcing language app that enables translated conversations in near real time. Also, entrepreneur team Iron Gaming (http://theirongamer.com/) took home the $10,000 Warner Brothers Digital Media Award for their social gaming model, which will create a new gaming experience through live competitive events and interactive streaming content.

Banyan (http://getbanyan.co/) and Iron Gaming competed with six other entrepreneur teams, whose investable businesses ranged from advances in big data to health care innovations, from public safety developments to enhanced digital media:

• Ariagora (http://ariagora.com/) helps independent musicians connect directly with fans in new and profitable ways.
• Corpora (http://corpora.io/) is a real-time intelligent agent that uses Twitter status updates and other public data to model the health of individuals by geography, providing insights into the spread of illness and quantifying the impact of previously elusive factors on public health.
• HD Fantasy Sports is building the next-generation fantasy football game. Their elusive, live HD video technology will personalize, socialize and enhance users' experience like no one has ever seen.
• Silver Communities (http://argentab.com/) Argentab provides elder care facilities with tools for accurate recordkeeping and on-the-job training.
• Tikk.it (http://tikk.it/) is a digital ticketing platform that enables bands and musicians to sell tickets directly to fans through a website plug-in, cutting back on fees and strengthening the connection between fans and artists.
• Vigia (http://vigia.cc/) produces video-focused mobile apps for public safety professionals and dispatchers, enhancing the benefits of emergency services for the public.

The eight teams and eleven students pitched to a 12-judge panel that included representatives from IBM, Cisco, Alcatel-Lucent, Mozilla, US Ignite, IDEO and the USC Annenberg Innovation Lab. Held at the Read House in downtown Chattanooga, the invite-only event drew investors and media from across the country.

Demo Day featured a keynote speech from Reggie Bradford, founder and CEO of Vitrue. Michael Burcham, president and CEO of the Entrepreneur Center in Nashville, also spoke at the event, detailing the progress made by Startup TN.

"We're proud of Banyan's big win today, and believe that they're positioned to shape the future of collaborative research. But each of these teams has the potential to transform the industries they're working in," said Charlie Brock, executive entrepreneur at CO.LAB. "The teams have left an impressive stamp on Chattanooga's thriving entrepreneurial culture, and now they're ready to take what they've built here this summer and make great things happen."

"The progress made this summer is proof that Chattanooga truly is fertile ground for ideas, businesses and smart minds who want to change the world," said Jack Studer, partner at Lamp Post Group. "We look forward to being part of what happens next here in the Gig City."


Man Wanted In Bradley County Arrested In Washington, D.C.

The Bradley County Sheriff's Office was informed by the Washington, D.C. Police Department that El Hadji Alpha Madiou Toure was arrested for his involvement in a first-degree murder in Washington, D.C. Further investigation by detectives determined the male had several aliases which include Elie Brown and Elhadji Alpha Madiou Toure, who is wanted by the agency for an outstanding ... (click for more)

Dalton Police Department Seeks ID Of Woman In Fraud Case

The Dalton Police Department is asking for the public’s help identifying a woman who used stolen bank account information and a fake ID to rip off nearly $2,000 from a couple in Texas. The transaction was recorded on a bank’s surveillance system. The crime was reported to Dalton investigators on March 23,  by Regions Bank’s security division. The crime occurred in late ... (click for more)

Slaxxon Regret - And Response

Back in the seventies my three oldest brothers had a buddy named Steve Slack. “Slack” was a star soccer player at Baylor and he grew up on Lookout Mountain, which is where I grew up. He and Jimmy, Henry and Bill went to the University of Virginia where they were roommates in an old, beat up house that was painted pink. Naturally, the place became known as the “Pink Palace” but lest ... (click for more)

Roy Exum: Oh Yes, I Loved West

One of my most beloved friends died early Saturday morning at the age of 67. Then again, West Oehmig’s only brother – King – died a couple of years ago at 63 so it wasn’t by happenstance I remembered Abraham Lincoln’s famous line: “In the end, it’s not the years in your life that count, it’s the life in your years.” Here are two brothers who lived larger than any other pair I can ... (click for more)

Central's Parrott Throttles Ooltewah With 1-Hit Shutout

Ooltewah looked like it was still on spring break. Central was sharp, Brooke Parrott dazzling, Mikayla Gill swung the bat well and the Lady Pounders played like an unbeaten, once-tied ballclub. Parrott threw a one-hit shutout – the hit was a wind-blown pop on the infield – and Gill slapped a two-run double off Kayla Boseman to right-center field in the third inning and ... (click for more)

Notre Dame Thumps Bledsoe Co., 11-1

The Notre Dame baseball team was in a race of a different kind Monday evening and the Fighting Irish came out on top in all three categories. Facing the Bledsoe County Warriors at Notre Dame’s Hunter Field, the Irish beat the rain, they got finished before dark and most importantly, beat the Warriors 11-1 in five innings as they improved to 4-2 overall with the same record in ... (click for more)