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."


Latest Hamilton County Jail Booking Report

Here is the latest jail booking report from Hamilton County: ALE, IAN TAYLOR 8452 EAST BRAINERD ROAD CHATTANOOGA, 37421 27 Soddy Daisy POSSESSION OF METHAMPHETAMINE ALLEN, ANDRE ANTHONY 3407 GAIL DRIVE EAST RIDGE, 37412 27 Chattanooga VIOLATION OF PROBATION (DRIVING ON REVOKED LICENSE APOLINAR, KEVIN JOSE 1313 HIXSON PIKE APT3 CHATTANOOGA, ... (click for more)

Woman, 80, Dies In House Fire In Rhea County

Rhea County Fire Department officials said one person died in an early-morning house fire on Saturday. The victim was 80-year-old Joyce Burnett, who apparently died of smoke inhalation. She lived alone at the brick residence on Fisher Road. The call came at about 6:30 a.m. S tate arson investigators went to the scene. (click for more)

It's Time To Insure Tennessee - And Response

Tennessee has a problem.  What is the value of saving the lives of 1,000 Tennesseans each year? That is exactly what can be expected if 176,000 Tennesseans gain health insurance through Insure Tennessee. A New England Journal of Medicine study showed that expansion of Medicaid was associated with a 6% reduction in yearly mortality for people in the 34-65 age group. Statistically, ... (click for more)

Roy Exum: Boots, Idiots & Guns

As the month of February was born this morning, allow me to hurriedly share three leftovers that were still in last month’s basket: * * * A first-grade teacher had endured a long day and was helping her students bundle up for the trip home when one of the little boys asked for help getting on his boots. Soon she could see why. Even with her pulling, and him pushing, the ... (click for more)

Hall, Tull, Helton are Athletes of the Year

 A trio of outstanding athletes – a pair of UTC alums and a current Duke football star – will be recognized as “Athletes of the Year” at the Greater Chattanooga Sports Hall of Fame dinner to be held March 2 at the Chattanooga Convention Center. Former Southern Conference Female Basketball Player of the Year Taylor Hall is the female honoree, while UTC football All-American ... (click for more)

McCallie Wrestlers Take Third in State Duals

In a battle for third place in the TSSAA S-II State Wrestling Duals, it came down to the last match as McCallie’s Ryan Ward secured a 4-2 win as the Blue Tornado defeated MBA, 36-33 Saturday afternoon at the Williamson County Ag Expo Center in Franklin. McCallie used three pins in the first five matches to lead 24-0, but MBA won six of the next seven matches to even the score ... (click for more)