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Inventions that improve lives are winners at the 2013 Newark Innovation Acceleration Challenge
Date:12/5/2013

resources to launch my company, and it is such great motivation as well," said Omar Elmessalamy, an IT technician and adjunct faculty member at Essex County College who is developing a system to direct a higher percentage of computer parts to recyclers and away from landfills, where they leach toxic materials. His business plan for Elmes Recycling placed first among the three winning community-based teams.

The NJIT/Capital One Bank collaboration, now in its fifth year, aims to ignite business development in Newark by empowering budding entrepreneurs. The initiative is an extension of Capital One Bank's efforts to invest in economic opportunities for local individuals, families and businesses throughout New Jersey.

"The businesses that competed in the challenge represent the best of Newark an enterprising spirit, dedication and hard work and are the future of this community," said Daniel Delehanty, Senior Director, Community Development Banking, Capital One Bank. "Because fostering entrepreneurship is a driving force for economic development, our partnership with NJIT is one of the most meaningful ways that we support the Newark community, and it's an honor to be part of the fifth annual Capital One Bank Newark Innovation Challenge."

The finalists presenting at the event were chosen from nearly 60 applicants to submit business plans for review in the initial round of judging. The winning student teams from NJIT include:

  • SenVis, presented by Fabio Arias of Caldwell, proposes integrating visual and proximity sensors in goggles, augmented canes, and wrist bands to help the visually impaired navigate.

  • Tremra, presented by Miad Hadaegh of Carlsbad, Calif., is a device employing vibration technology to stabilize kinetic tremors in the hands and feet.

  • Koala Band, presented by Daniel Tanis of Bloomingdale, is a wireless, ambulatory diagnostic tool for performing in-home sleep studies.

  • S&D
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Contact: Tanya Klein
973-596-3433
New Jersey Institute of Technology
Source:Eurekalert

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