Forum for Science, Industry and Business

Sponsored by:     3M 
Search our Site:

 

Business Incubator Seeks Next Game-Changer in Big Data, the Cloud, and the Internet of Everything

01.10.2014

Chicago Innovation Exchange, Cisco narrow Innovation Challenge field to three teams

The Chicago Innovation Exchange (CIE) and Cisco Entrepreneurs in Residence (Cisco EIR) have created the “CIE + Cisco Innovation Challenge” to support early-stage startups building game-changing products in the Internet of Everything (IoE), Big Data, cloud computing, and other transformational areas. Led by innovators at Argonne National Laboratory, University of Chicago's Computation Institute, Fermilab, and the University of Illinois at Urbana-Champaign, the three finalists, Parallel Works, CEMAS, and Embedor, are competing for an opportunity to become a part of the CiscoEIR@CIE joint incubation program.

Parallel Works has developed technology that enables complex and compute-intensive modeling, simulation and analytic workflows to be performed rapidly, easily and economically on parallel computing systems. Led by Michael Wilde, a software architect at Argonne and senior fellow at the Computation Institute, Parallel Works’ technology can help scientists, engineers and data analysts to perform the computations that increase their quality and speed their products to market, with greater ease, lower cost, and far less distraction from their core business mission than was previously possible.

Cloud-based Event Monitoring and Storage (CEMAS) technology supports emergent Internet-aware devices from the Internet of Everything (IoE), providing a central hub for storage and event monitoring of data generated by objects and sensors. Led by Fermilab’s Deputy CIO, Jin Chang, the team is working to develop partnerships that would support proof-of-concept testing and commercialization of the service.

Embedor’s technology enables continuous real-time structural health monitoring of civil infrastructure using wireless smart sensors, enabling infrastructure owners to improve the reliability of inspections and significantly reduce maintenance costs. Kirill Mechitov, a postdoc in the Department of Computer Science at the University of Illinois at Urbana-Champaign leads the team, which is looking to reduce catastrophic bridge failures by improving the way structural and civil engineers assess and analyze the condition of bridges.

“The innovative technologies of the three finalist teams showcase the rich level of creativity and invention happening in Illinois,” said Tom Yoritaka, managing director of Cisco Entrepreneurs in Residence. “Chicago, with its world-class universities, national labs and vibrant startup community, is a key innovation hub and a leader in Smart City and Internet of Everything technologies. Our collaboration with the Chicago Innovation Exchange enables Cisco to tap into the region’s dynamic entrepreneurial community, connecting us with innovators who are building solutions in areas that are strategic to Cisco.”

The three finalists received feedback from Cisco and CIE executives. The teams will participate in Cisco’s Internet of Things World Forum in Chicago in mid-October and spend a day at Cisco’s offices meeting with Cisco engineers and executives in San Jose, California, in November.

“Through our partnership with Cisco, we’re furthering our mission to help entrepreneurs and researchers from the Chicago area to translate their ideas into start-up businesses and products,” said John Flavin, executive director of the Chicago Innovation Exchange. “We are able to support these early-stage ventures along their journey by connecting them to resources and mentors who can help them to commercialize their technologies, and by giving them access to space where they can focus on development.”

The winning team(s) will be announced later this fall and will receive financial support from Cisco and the CIE as well as the opportunity to incubate in the CIE’s primary 17,000 square foot space when it opens in October. The CIE is the University of Chicago’s new center to connect emerging entrepreneurs with Chicago’s broader innovation ecosystem and to drive the creation of new businesses, jobs and economic activity in the city and surrounding region.

Contact Information

Nikki Kidd
773-834-8137
nikki.kidd@uchicago.edu

Nikki Kidd | newswise
Further information:
http://www.uchicago.edu

More articles from Information Technology:

nachricht A novel hybrid UAV that may change the way people operate drones
28.03.2017 | Science China Press

nachricht Timing a space laser with a NASA-style stopwatch
28.03.2017 | NASA/Goddard Space Flight Center

All articles from Information Technology >>>

The most recent press releases about innovation >>>

Die letzten 5 Focus-News des innovations-reports im Überblick:

Im Focus: A Challenging European Research Project to Develop New Tiny Microscopes

The Institute of Semiconductor Technology and the Institute of Physical and Theoretical Chemistry, both members of the Laboratory for Emerging Nanometrology (LENA), at Technische Universität Braunschweig are partners in a new European research project entitled ChipScope, which aims to develop a completely new and extremely small optical microscope capable of observing the interior of living cells in real time. A consortium of 7 partners from 5 countries will tackle this issue with very ambitious objectives during a four-year research program.

To demonstrate the usefulness of this new scientific tool, at the end of the project the developed chip-sized microscope will be used to observe in real-time...

Im Focus: Giant Magnetic Fields in the Universe

Astronomers from Bonn and Tautenburg in Thuringia (Germany) used the 100-m radio telescope at Effelsberg to observe several galaxy clusters. At the edges of these large accumulations of dark matter, stellar systems (galaxies), hot gas, and charged particles, they found magnetic fields that are exceptionally ordered over distances of many million light years. This makes them the most extended magnetic fields in the universe known so far.

The results will be published on March 22 in the journal „Astronomy & Astrophysics“.

Galaxy clusters are the largest gravitationally bound structures in the universe. With a typical extent of about 10 million light years, i.e. 100 times the...

Im Focus: Tracing down linear ubiquitination

Researchers at the Goethe University Frankfurt, together with partners from the University of Tübingen in Germany and Queen Mary University as well as Francis Crick Institute from London (UK) have developed a novel technology to decipher the secret ubiquitin code.

Ubiquitin is a small protein that can be linked to other cellular proteins, thereby controlling and modulating their functions. The attachment occurs in many...

Im Focus: Perovskite edges can be tuned for optoelectronic performance

Layered 2D material improves efficiency for solar cells and LEDs

In the eternal search for next generation high-efficiency solar cells and LEDs, scientists at Los Alamos National Laboratory and their partners are creating...

Im Focus: Polymer-coated silicon nanosheets as alternative to graphene: A perfect team for nanoelectronics

Silicon nanosheets are thin, two-dimensional layers with exceptional optoelectronic properties very similar to those of graphene. Albeit, the nanosheets are less stable. Now researchers at the Technical University of Munich (TUM) have, for the first time ever, produced a composite material combining silicon nanosheets and a polymer that is both UV-resistant and easy to process. This brings the scientists a significant step closer to industrial applications like flexible displays and photosensors.

Silicon nanosheets are thin, two-dimensional layers with exceptional optoelectronic properties very similar to those of graphene. Albeit, the nanosheets are...

All Focus news of the innovation-report >>>

Anzeige

Anzeige

Event News

International Land Use Symposium ILUS 2017: Call for Abstracts and Registration open

20.03.2017 | Event News

CONNECT 2017: International congress on connective tissue

14.03.2017 | Event News

ICTM Conference: Turbine Construction between Big Data and Additive Manufacturing

07.03.2017 | Event News

 
Latest News

'On-off switch' brings researchers a step closer to potential HIV vaccine

30.03.2017 | Health and Medicine

Penn studies find promise for innovations in liquid biopsies

30.03.2017 | Health and Medicine

An LED-based device for imaging radiation induced skin damage

30.03.2017 | Medical Engineering

VideoLinks
B2B-VideoLinks
More VideoLinks >>>