The Enterprise Center Reinvents Y-12 Innovation Competition

Tuesday, October 8, 2013

At the third-annual Y-12 Innovation Competition, The Enterprise Center is making available technology developed at Y-12 National Security Complex to regional teams to create beta products and develop business plans in competition for cash and prizes, including startup business assistance.

To encourage Chattanooga’s entrepreneurial growth, The Enterprise Center has partnered with Y-12 National Security Complex for the past three years to host a business plan competition. This year, The Enterprise Center is upping the stakes. Not only will the intellectual property under development at Y-12 be revealed, as in years past, but regional competitors will be able to actually use the software from the Department of Energy’s technology portfolio as they flesh out their new business concepts.

“Giving participants the workable software developed at Y-12 further grounds this competition in reality instead of hypotheticals,” said Chris Daly, director of The Enterprise Center’s Office of Technology Development and Transfer.

Available to all entrepreneurs, web designers and software developers throughout the region, the competition is for those interested in developing a beta of a commercially-viable product or business concept. Participants take existing software from Y-12's portfolio and develop a business plan around them, creating entirely new enterprises. The full technology portfolio up for grabs to competition entrants can be viewed at http://techportal.eere.energy.gov/lab/Y12/browse. While competitors may develop a business plan around any Y-12 technology, the competition will be focused around two pieces of logistics software – IR3AM and EVALUATE.

Extreme Value Analytical Logic Utilized for Advanced Trend Examination, or EVALUATE for short, analytically evaluates a group’s characteristics to determine the group’s behavior. The intended use of EVALUATE is to predict when a change in behavior is beginning to occur so that the software users, be they policy makers, marketers, security personnel, etc., can respond to the anticipated new trend in a timely manner.

The Integrated Route, Risk, Resource, Analysis and Allocation Model, otherwise known as IR3AM, is a decision support and probability-based analysis tool that will evaluate transportation over a selected time interval and determine the allocation of resource and manpower assets to best alleviate risk. The logistics software has the ability to show where resources are needed and where those resources should be directed for more efficient response time.

“Seeing the software we’ve developed demonstrated for commercial use is a great step forward in our quest to realize our technologies’ full potential as viable, market-ready consumer products,” said Jeremy Benton, Y-12 National Security Complex’s commercialization and partnerships manager.

The newly-revamped competition will come to a head at the finale pitch event held at the Business Development Center on Friday, Nov. 8 at 10 a.m. At the event, competition participants will receive feedback on their business models from The Enterprise Center and a panel of experts. The ultimate winning team will receive $2,500 in cash and additional business assistance for the development of a potential startup company. The Enterprise Center will work closely with the winners to facilitate the technology licensing process with Y-12 and provide favorable option terms. In addition, the Business Development Center will offer free access to the Gig Lab conference room and tele-presence capability to the winning team, while they prepare to launch their new business.

Dr. Greg Laudeman, who has a startup in development, saw last year’s competition as an opportunity to talk through his business concept, getting feedback on his idea and meeting key contacts along the way. At the moment, he is in the final stages of building relationships with charter customers and developing an interactive web application before his startup’s launch.

“The Enterprise Center has been a great help in connecting me with resources, acting as a sounding board and providing moral support and encouragement, all of which are critical when you’re trying to get a startup off the ground,” said Dr. Laudeman.

This year’s Y-12 Innovation Competition is open to the public free-of-charge, but seating is limited, so attendees must reserve a seat in advance. For those interested in participating on a competition team or attending the event, contact Christi Doll at The Enterprise Center’s Office of Technology Development and Transfer at 423 425-3772 or doll_c@theenterprisectr.org.


TVA Releases Draft Environmental Assessment For Johnsonville Steam Supply

The Tennessee Valley Authority has released a draft Environmental Assessment on a proposal that would allow the Johnsonville Fossil Plant site to continue to provide steam for cogeneration use after the coal plant closes. The draft study considers the environmental effects of the two alternatives under consideration: A) take no action or B) add a heat recovery steam generator ... (click for more)

Attorney General Reaches Settlement With Middle Tennessee Auto Dealer

Middle Tennessee auto dealer, Wholesale Inc., has agreed to immediately change its advertising practices and pay the State of Tennessee $50,000, Attorney General Herbert H. Slatery III announced. A Davidson County Court approved the settlement between Wholesale, Inc., the Tennessee Attorney General's Office, and the Tennessee Division of Consumer Affairs. The agreement centers ... (click for more)

Erlanger's Good Financial News Continues With $11.4 Million Profit For Past 3 Months; Profit At $25.3 Million After 9 Months

Erlanger Health System's good financial news keeps coming - with the announcement on Monday of a profit of $11.4 million for the past three months. Brit Tabor said the hospital has a profit of $25.3 million for the first nine months of the fiscal year. Kevin Spiegel, hospital president, said more good news is projected for the fourth quarter. Mr. Tabor said, "Our market ... (click for more)

Erlanger To Get $100 Million New Electronic Medical Records System

Erlanger Health System will be getting a new electronic medical records system costing just short of $100 million, Erlanger CEO and President Kevin Spiegel said Monday. He said the old Legacy IT system was the hospital's #1 dissatisfaction source. The hospital board is to be asked to approve the system, which will be paid for over several years, at the May board meeting. ... (click for more)

Shock Should Be At Low Teacher Salaries - And Response (4)

In a recent article, Commissioner Tim Boyd is quoted as being shocked at the "high" salaries of central office personnel. While I agree that their salaries are significantly more than what a classroom teacher could ever hope to make, I believe that his shock and disgust are misplaced.  Those salaries, when compared to private-sector jobs, are hardly out of line. Superintendent ... (click for more)

Roy Exum: ‘Licker’ Gets 55 Counts

In what was described as “a scene from some sick horror movie,” Giles County sheriff’s deputies and animal welfare officers raided the farm of known “Big Licker” Jeffery Alan Mitchell near Pulaski, Tn., last week and confiscated 55 Tennessee Walking Horses, all horribly malnourished and some that were so emaciated they could no longer walk. By Sunday, the horses were receiving medical ... (click for more)