{"51273":{"#nid":"51273","#data":{"type":"news","title":"CoC Grad Student Wins 3rd Place in Biz Competition","body":[{"value":"\u003Cp\u003EA team consisting of a CoC graduate student in computer science and two other Georgia Tech grad students took third place in the University of Oregon\u2019s New Venture Championship April 12 and 13. Shwetak Patel (Ph.D. Computer Science) and his two teammates, Erich Stunteback (Ph.D. Electrical and Computer Engineering) and T.J. Patel (MBA College of Management) won $5,000 to invest in their business, ElectriSense.\u003C\/p\u003E\n\u003Cp\u003EStunteback and Patel travelled to Portland to presented their business idea, a solution to indoor real-time asset tracking. The team said their solution leads to lower cost of ownership for such a tracking system, because it uses existing power lines within the building infrastructure, the venture keeps hardware costs low.\u003C\/p\u003E\n\u003Cp\u003EElectriSense will initially focus on the healthcare industry but expects to expand eventually into other markets and even internationally. By 2011, the team said, the company will be operating profitably.\u003C\/p\u003E\n\u003Cp\u003ETwenty graduate teams from universities around the world, including Hong Kong and Australia, competed in the New Venture Championship. Teams presented their business plans to panels of judges in the Aequitas Capital Management Semifinal round. The top five teams moved on to the Intel Capital Final round, where they presented and answered challenging questions from the judges.\u003C\/p\u003E\n\u003Cp\u003EThe University of Oregon\u2019s TakeShape and Brigham Young University\u2019s Klymit\u2122 tied for first place and were named co-champions. Each won $30,000 each to invest in their businesses.\u003C\/p\u003E\n\u003Cp\u003ETo see a press release about the event, click \u003Ca href=\u0022http:\/\/www.earthtimes.org\/articles\/show\/for-the-first-time-two,350908.shtml\u0022 target=\u0022_blank\u0022\u003Ehere\u003C\/a\u003E.\u003C\/p\u003E","summary":null,"format":"limited_html"}],"field_subtitle":"","field_summary":[{"value":"\u003Cp\u003EA team consisting of a CoC graduate student in computer science and two\nother Georgia Tech grad students took third place in the University of\nOregon\u2019s New Venture Championship. Shwetak Patel (Ph.D. Computer Science) and his two teammates\nwon $5,000 to invest in their business, ElectriSense.\u003Cbr \/\u003E\u003C\/p\u003E","format":"limited_html"}],"field_summary_sentence":"","uid":"27154","created_gmt":"2010-02-09 21:41:00","changed_gmt":"2016-10-08 03:04:40","author":"Louise Russo","boilerplate_text":"","field_publication":"","field_article_url":"","dateline":{"date":"2008-04-15T00:00:00-04:00","iso_date":"2008-04-15T00:00:00-04:00","tz":"America\/New_York"},"extras":[],"groups":[{"id":"47223","name":"College of Computing"}],"categories":[],"keywords":[],"core_research_areas":[],"news_room_topics":[],"event_categories":[],"invited_audience":[],"affiliations":[],"classification":[],"areas_of_expertise":[],"news_and_recent_appearances":[],"phone":[],"contact":[],"email":[],"slides":[],"orientation":[],"userdata":""}}}