Posts tagged with "Georgia Tech"

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Georgia Tech Wins Entrepreneurship Competition

Georgia Tech Team Wins at Global College Entrepreneur Pitch Competition

Insight Optics, from the Georgia Institute of Technology, won third place at the Third Annual TiE University Global Pitch Competition held on May 15-16, 2021.

Representing TiE Atlanta, the Insight Optics team consists of Dr. Aaron Enten and TJ Lagrow. Their business venture delivers a mobile-adapted platform which enables primary care physicians to efficiently detect early signs of avoidable blindness before permanent damage is done. The team was mentored by Greg Cory, Neeti Dewan and Eric Ensor from TiE Atlanta.

The team received a $5,000 cash prize sponsored by the Naadam Foundation, and a $4,000 grant from the REAN Foundation. Insight Optics was “best in class” at the Startup Bootcamp hosted by TiE Silicon Valley in early May.

Insight Optics competed with 27 winning teams from across the globe including teams from TIE Chapters in seven countries across three continents. The teams were mentored by local TiE chapters and supported by global workshops, startup bootcamps and mock sessions. There were 526 startup teams with 1432 students that participated in local TiE chapter college competition rounds.

First prize went to TiE Toronto’s ALT TEX whose founders are from York University and the University of Toronto.  Their venture focuses on sustainable textiles engineered from food waste by tackling two serious issues — food waste and the high levels of pollution caused by the fashion industry.

The second prize winner was TiE Dallas’ SURVIVR whose founder is from the University of Texas at Dallas.  The company aims to make communities safer by providing immersive and humanized police training using virtual reality.

Chapter winners went through a semifinal round on May 15. The virtual event was viewed by over 500 audience members from around the world, and TiE Atlanta’s executive director, Amyn Sadruddin, was instrumental as the MC for a semifinals track.  Worldwide teams pitched diverse business ideas such as bio-toilets, career fulfillment tools for higher education, technology-enabled artificial limbs, and tech kits for 21st century education, among others.

The event also featured a fireside conversation between Prof. Jagdish Sheth from Emory University in Atlanta and Mr. Ronnie Screwvala of Mumbai. The co-founder and chairman of Upgrad, an online edtech startup, Mr. Screwvala inspired young entrepreneurs to take risks.  His book “Dream With Your Eyes Open” is a commitment to champion entrepreneurship and learn from failure.

This year, TiE University extended the concept of entrepreneurship to form a stronger ecosystem, even more strategically focused to dovetail multiple enablers, said Dr. Paul Lopez, Founder and Co-Chair of the TiE University Program. Thanks to the generosity of sponsors, this year’s total cash prizes were $65,000, plus in-kind awards of over $600,000 to empower college entrepreneurs.

Eight university teams made it to the finals of the global pitch fest.  In addition to the top three winning teams, the other finalists were TiE Austin’s Clocr, a digital legacy management and emergency planning platform; TiE Chennai’s Kitab, a digital PDF-Reader that redefines the way technical literature and textbooks are consumed; TiE Dubai’s Small World that connects NGOs and high school students; TiE DC’s Early Intervention Systems that builds software and algorithms to enhance elder-care; and TiE New Jersey’s Sulis, a low-cost water sanitization device.

The keynote speaker on Finals Day was Sheel Tyle, Founder/CEO of venture capital global firm Amplo. Interviewed by TiE Coimbatore’s Pradeep Yuvaraj, Tyle has some advice for entrepreneurs, Whether you spend time doing something small or doing something big, it actually takes the same time. If you’re going to spend your precious time on something, do it where your time has the greatest impact on the world.

About the TIE University Program

TiE University, an initiative of TIE Global, aims to foster entrepreneurship among college students. University startup teams gain access to learning resources, mentorship by successful entrepreneurs and opportunities to participate in Hackathons, Startup Bootcamps, and Pitch Competitions. These interactions and experiences help startups take their business from a campus idea into a viable business.

About TiE Atlanta

TiE Atlanta is a top five chapter of TiE Global, a nonprofit consisting of 61 chapters in 14 countries, that generates prosperity through development of entrepreneurs in all stages by creating community and beneficial relationships to support them. TiE Atlanta develops entrepreneurs and startups through mentoring, education, investment, and networking. Learn more at their website.

Steps Linked to Reduced Medical Costs

Proactive Steps Linked To Reduced Medical Costs, Hospital Visits for Children With Asthma

A new study looking at data from tens of thousands of children with asthma finds that several widely available interventions are associated with both reduced medical costs and a reduced likelihood that the children will need to visit an emergency room or stay in the hospital.

“This work shows that you can improve the quality of life for children with asthma and you can reduce government spending by implementing these proactive interventions,” says Julie Swann, lead author of the study. Swann is the department head and A. Doug Allison Distinguished Professor of the Fitts Department of Industrial and Systems Engineering at North Carolina State University.

The researchers looked at data from 2010 and 2011 on more than 70,000 children with asthma enrolled in the Medicaid programs in New York and Michigan. The researchers focused on four interventions: asthma self-management education (ASME); flu vaccine; the use of spacers, which are low-cost plastic tubes that improve the performance of inhalers; and the use of nebulizers, which are devices that convert liquid medicine into an aerosol that patients can inhale.

Specifically, the researchers analyzed the data to understand the extent to which each of these interventions was associated with three outcomes: asthma-related visits to the emergency room; asthma-related visits to a primary-care physician; and asthma-related stays in the hospital. The researchers also assessed the extent to which each intervention influenced costs associated with each child’s asthma medication and so-called “utilization costs” – which are the costs associated with other aspects of a child’s asthma treatment, such as the cost of visiting a primary-care provider or hospital.

To address these questions, the researchers plugged the healthcare data into models that allowed them to assess the impact of each intervention separately, compared to no intervention.

“One of the key findings, which should be of interest to policymakers, is that all four interventions were associated with lower medication costs and utilization costs,” Swann says.

And while the numbers varied between states, the decreases in cost could be substantial. For example, being vaccinated against the flu was associated with a 16.4% reduction in utilization expenses and a 15.6% reduction in medication expenses for children in New York. 

“There can be significant cost reductions associated with a fairly inexpensive intervention,” Swann says.

“Our results suggest that ASME training, and the use of spacers and nebulizers, are also associated with significant decreases in both emergency room visits and hospitalizations,” says study co-author Pinar Keskinocak. “And the flu vaccine helps reduce the number of visits to a child’s primary care provider.” Keskinocak is the William W. George Chair and Professor in Georgia Tech’s H. Milton Stewart School of Industrial and Systems Engineering and the director of the Center for Health and Humanitarian Systems at Georgia Tech.

“It’s important to note that we looked at the impact of these outcomes separately while accounting for other interventions,” Swann says. “You would expect that the more of these proactive interventions a child has, the greater the positive impact we would expect to see on both their health and on what Medicaid would be asked to spend on their care.”

The study, “Estimating the Impact of Self-Management Education, Influenza Vaccines, Nebulizers, and Spacers on Healthcare Utilization and Expenditures for Medicaid-Enrolled Children with Asthma,” is published in the Journal of Asthma.

The paper was co-authored by Fatma Melike Yildirim, a Ph.D. student at Georgia Tech; Paul Griffin, the St. Vincent Health Chair of Healthcare Engineering at Purdue University; and Jean O’Connor of Emory University.

The work was done with support from the Center for Health and Humanitarian Systems and the William W. George Endowment at Georgia Tech, and the Edward P. Fitts and the A. Doug Allison Distinguished Professorship at NC State.