Alum Wins $100K Gigabit Challenge
ITP Alumna, Anne Clark just participated in a competition called the Gigabit Challenge where the start-up company she has been working with won the Grand Prize of $100,000 last week. They are trying to spread the news and have gotten some great press because of the event.
Here’s a link to more photos on Facebook:
SEIN Analytics and Asset Management wins the Grand Prize valued at $100,000 during The Gigabit Challenge Finale
On January 18, 2012, the global business plan competition known as The Gigabit Challenge came to a close when it announced three winning business ideas in the Finale event at the Kansas City Public Library. Organized by Think Big Partners, The Gigabit Challenge Finale brought together entrepreneurs, investors and developers for an all-day pitch fest and awards ceremony.
Seventeen finalists, 17 judges and over 300 attendees joined Think Big Partners at The Gigabit Challenge Finale at the Kansas City Public Library. At the event, audience members had the chance to watch 17 pitches from Finalists and vote for their favorite via live webcast (which tabulated the People’s Choice Award). The $250,000 “Born Global” Award was administered by Michael Gale of Gramercy Private Equity and the winner of the $100,000 Grand Prize was determined by a panel of 17 esteemed judges including Chris Bernard of Microsoft, Thad Langford of OPENAIR Equity and Dennis Grunt of Silicon Valley Bank.
SEIN Analytics and Asset Management (Brooklyn, NY and Berlin, Germany) was announced as the winner of the Grand Prize valued at $100,000 during The Gigabit Challenge Finale. SEIN develops a cash-flow analytics application in combination with an open source cloud database server. The goal of SEIN Analytics and Asset Management is to address the major concerns of investors in the space. It will be the first fully-functioning open source cloud computing ABS software, complying with new SEC proposals, that is both mobile and tablet friendly. The $100,000 startup prize consists of both cash as well as services courtesy of Think Big Partners and other Gigabit Challenge partners.
“SEIN is Samuel Belu-John’s brainchild and after working on this business plan full-time for two and a half years it feels great to receive validation. Our team has spent so much time on this business and it’s finally starting to happen, winning was so unexpected, and all of us are thankful for the opportunity to present our idea” said Anne Clark, Creative Director of User Experience & Design at SEIN Analytics and Asset Management. Both Anne Clark and Samuel Belu-John are alumni of New York University. Anne attended NYU’s Interactive Telecommunications Program as a graduate student and Samuel studied Economics and Mathematics as an undergraduate student.
Paruzia Technologies (Kansas City, MO) was declared the winner of the People’s Choice Award after receiving a majority of the public vote on the live webcast. Paruzia Technologies works with small and medium businesses that are in need of additional IT support. Kauzu (Chicago, IL) was announced the winner of the $250,000 “Born Global” Award. Kauzu is a startup that seeks to innovate the US employment industry, a $170 billion industry, mainly generated from staffing agencies, online job boards and other smaller related services.
In addition to announcing The Gigabit Challenge winners, Senator Jerry Moran (R-KS) spoke on the positive impact of Google Fiber and the importance of initiatives such as his Startup Act. Senator Moran announced his efforts to stop SOPA, an act that is currently taking a toll on modern entrepreneurs, innovators and startup companies.
“In our opinion, the damage that SOPA could cause is so great for entrepreneurs,” said Senator Moran. “They will not be able to innovate like they do now. There has to be a better way to solve this online problem.”
About The Gigabit Challenge:
The Gigabit Challenge is a global business plan competition to find disruptive ideas that will turn the tech industry upside-down and change the world. The Gigabit Challenge is focused on unique applications that are enabled by Google’s first-in-the-nation 1 Gigabit Fiber network. The Gigabit Challenge is looking for the brightest, hungriest and most passionate entrepreneur superstars who are looking to think big… with a gig. In early October 2011, individuals, teams and early-stage businesses were invited to enter for the chance to win the Grand Prize valued at $100,000, the $250,000 “Born Global Prize”, and be the first to work on the Google Fiber Network. For more information, please visit http://www.gigabitchallenge.com.
SEIN Analytics & Asset Management is a new venture founded by a structured finance veteran and a team of dedicated designers, strategists and programmers. SEIN develops a data-centric cloud application for analyzing and managing asset-backed securities (ABS). Our software standardizes loan level data and displays it in an easy to use form that financial institutions and investors can use to track and analyze ABS investments. For more information, please visit http://seinanalytics.com. Please register to view the beta launch, we’re keeping track of our user base so that your feedback can help inform our next product release.
See the Press:
San Francisco Chronicle