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."


Private Lease On Cleveland's Waterville Golf Course Goes Into Default

A plan for the city of Cleveland to lease out the Waterville golf course has not worked out as the  lease is in default and the city is now owed $20,000, Cleveland City Council members were told Tuesday.   The council voted to officially terminate the contract with the current management company. This will allow the city to reimburse current members who have ... (click for more)

Latest Hamilton County Jail Booking Report

Here is the latest jail booking report from Hamilton County: ARNOLD, BRANDON DEVON  2602 OCOEE STREET CHATTANOOGA, 37402  Age at Arrest: 22 years old Arresting Agency: Chattanooga THEFT OF PROPERTY DRUGS GENERAL CATEGORY FOR RESALE ALTERATION OF ITEM'S PERMANENT NUMBER EVADING ARREST POSSESSION OF DRUG PARAPHERNALIA --- AUSTIN, ASHLEY MESHELLE  ... (click for more)

County Officials Need To Provide A Decent Animal Shelter

Once upon a time, a group of citizens concerned about the decaying building housing the Humane Educational Society on Highland Park raised their voices in an outcry about the deplorable state of the HES facility and the over-population of unwanted and unspayed/unneutered cats and dogs in Hamilton County.   What happened then was that the City Council stepped ... (click for more)

Roy Exum: Is It Ever Worth It?

There is a better-than-average chance General John Kelly could soon be named as the new Commandant of the United States Marine Corps. He’s one of four men who have been mentioned in prudent fashion to follow General Joseph Dunford (remember that name for a few minutes) as head of the Corps. General Dunford, who held the job less than a year, has just been chosen by President Obama ... (click for more)

Tull Named SoCon Athlete Of The Year

University of Tennessee at Chattanooga defensive end Davis Tull has been named the 2015 Southern Conference Male Athlete of the Year, the league announced today (May 26). Tull will be honored as part of the league’s annual Honors Dinner on Wednesday night in Hilton Head Island, S.C.   Tull becomes the first Moc to win the Male Athlete of the Year Award. As a senior, he ... (click for more)

Soccer Abounds For Chattanooga FC

The Chattanooga FC soccer team continues it's busy schedule this week with games on Wednesday and Friday in two separate national tournaments.    Chattanooga hosts the Atlanta Silverbacks on Wednesday in the third round of the US Open Cup. The Silverbacks are a professional team that plays in the NASL.   The Silverbacks ended Chattanooga's run in the last year's ... (click for more)