IIT Madras team wins New York competition

Started by balaganesh, Jan 08, 2010, 05:01 PM

previous topic - next topic
Go Down

balaganesh

IIT Madras team wins New York competition

An entrepreneur team from the Indian Institute of Technology, Madras has won the NYC Next Idea 2009-2010, an inaugural global business plan competition launched by New York City last year.

City Mayor Michael R. Bloomberg Thursday announced the winner of the competition in which teams from ten leading international business and engineering schools in Europe, Asia and Latin America participated with teams from India, Spain and France making the finals.

Selected by a panel of judges from New York City's venture capital community, the winning team, Greenext Technology Solutions will receive a $20,000 cash prize.

The IIT team of Aashish Dattani, Sriram Kalyanaraman and Vinayshankar Kulkarni has devised a new system to allow utility companies and energy producers to store and distribute energy through remote sites across the five boroughs safely and efficiently.

"Cities around the world hope to be a place of innovation where entrepreneurs want to go to launch businesses," said Bloomberg announcing the winner at Columbia Business School. "New York City doesn't have to hope, we are that place."

Greenext Technology Solutions is a clean-technology proposal that is pioneering specialised software and hardware solutions to utility companies, renewable energy producers, energy storage manufacturers, and energy traders.

Their product, XEstor, serves as a common interface to store energy from any source across New York City into large battery storage sites. The product communicates with the electric grid and combines real-time consumer demand information with current energy prices to charge or discharge electricity into the grid.

This flexible mechanism to produce or store energy based on demand can act as a backup power source to bridge supply gaps and maintain the grid's reliability through ancillary services such as regulation and emergency response.
Play Winners Game @ IT Acumens and get your mobile topup
http://winners.itacumens.com
- Bala Ganesh

pradeep prem

this is great iit madras have won competition in new york next idea
this should be proud to be indian and congrats that students for performing well

Go Up
 

Quick Reply

With Quick-Reply you can write a post when viewing a topic without loading a new page. You can still use bulletin board code and smileys as you would in a normal post.

Warning: this topic has not been posted in for at least 120 days.
Unless you're sure you want to reply, please consider starting a new topic.

Note: this post will not display until it's been approved by a moderator.
Name:
Email:
Verification:
Please leave this box empty:

Type the letters shown in the picture
Listen to the letters / Request another image

Type the letters shown in the picture:

shortcuts: alt+s submit/post or alt+p preview
IT Acumens Web Designing Chennai | GinGly :: SMS Backup | CineBuzz :: Latest Cinema News | My Kids Diary :: Kids magical moment
Copyright 2005 - 2019 :: IT Acumens :: All Rights Reserved.
ITAcumens Forum with 2 lakhs post running for 14 years - Powered by IT Acumens Dedicated Server