Last Thursday I went to the see the participants in the Georgia Tech Business Plan Competition exhibit their ideas and hear a bit about their products. I was impressed by the wide range of products I saw and the enthusiasm of the students.
Companies
Accerleryes
"Personal Supercomputing" - Their software uses a graphics card's processor, or GPU, to perform mathematically intensive operations; one of the demos they were running was real-time edge detection in a video. They have 150 beta customers that includes some big names such as Google and Siemens. From a pure computer science perspective, these guys are on the bleeding edge and has the potential to be a breakout company.
DiagNano
"Teflon for molecules" - this is a biomedical product that allows doctors to provide a faster and more accurate cancer diagnosis. Their technology prevents molecules from sticking together.
Zeus Portal
An online collaboration and portal software product that allows companies to provide an internal social network for their employees. They're targeting small & medium-sized businesses. A 
product to keep an eye on.
Syzygy Memory Plastics
This product was the coolest product I saw; plastic that becomes soft when held in your hand but retains its shape when it cools. I'm waiting until they come out with an earpiece for my Bluetooth ear piece. A great product that's simple.
Payflex
An electronic payment system for restaurants and retailers that enables consumers to authorize payment via SMS or a keyfob.
Puritech
"Artificial kidney" - They've created new dialysis technology based on the separation of molecules in the presence of an electric field.
Audiallo
Wave signal processing that based on biological audio processing. I had an interesting discussion about how the human ear processes soundwaves. The technology is initially targeted towards producing better hearing aids; not a bad move considering all those baby boomers fried their ears listening to that demon music, rock 'n' roll.
Travel Relics
Creates custom travel posters using a customer's photos.
JAT Biodiesel
Creates diesel from the seeds of the jatroepa tree which contain 40% oil. The jatroepa tree is easy to grow and be harvested only 3 years after planting. The company claims it can produce biodiesel at ½ the cost of ethanol.
A mobile-phone health and nutirition management services. For now, they allow a customer to get nutrition information via SMS and upload what you ate so a doctor can track what a patient eats. They are launching in 4 weeks.
ElectriSense
Uses a buildings internal wiring to locate anything that's been tagged with custom transmitter; initially targeted towards the healthcare industry.
Awards
Sustainability
- JAT Biodiesel – winner
- Puritech – runner-up
Best Elevator Pitch
- ElectriSense
Showstopper
- Accelereyes
Innovation
- Syzygy
Hi,
Thanks for the information and congratulations to the winners. Best of luck.
Posted by: Business Plan Writers | October 24, 2009 at 05:56 AM