SANFORD - FuelClinic.com, a web-based information clearinghouse that focuses on fuel efficiency, was recently awarded second place in a global competition to identify new technologies to make transportation more efficient.
The competition, hosted by ITS America---the U.S. division of the Intelligent Transportation Society---was sponsored by IBM and venture capital group Spencer Trask to uncover technologies that will help create “smarter cities” and decrease traffic congestion, improve road safety, reduce environmental impact, and strengthen commerce.
Michael Bragg, founder and chief technical officer at Compendium Software Systems, LLC, the parent company of FuelClinic.com, said 116 startup companies from more than 20 countries participated in the ITS Congestion Challenge.
FuelClinic.com’s website placed second in the competition, which included a brief summary of the programs, an executive summary, a global online question-and-answer session and examination by a panel of experts.
The competition was judged by a global community of more than 4,000 people, including transportation industry professionals and the general public, which selected three winners and six finalists from Hungary, Ireland, Canada, the Netherlands, and the United States.
iCarpool.com, headquartered in Issaquah, Wash., took first place in the competition and the $50,000 grand prize.
While there were no cash awards for second place, Bragg said the exposure had a silver lining. A Brazilian group---Believe Sustainability---asked FuelClinic.com to help it develop a program to reduce carbon emissions in Sao Paulo, one of the world's most densely populated cities.
FuelClinic.com is a global web community with more than 3,000 registered users in the U.S., Canada, Australia, Brazil, the U.K., and Europe. Bragg projects FuelClinic.com will host more than one million users worldwide within five years. Registration at FuelClinic.com is free for non-commercial use. The site offers a wide range of user-provided advice and information about fuel economy, Bragg said.
FuelClinic.com is a client company of the University of Central Florida Business Incubation Program and headquartered at the UCF Business Incubator on 110 West First Street in downtown Sanford.
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For more information, contact:
Michael Bragg, Founder/Chief Technical Officer, Compendium Software Systems, LLC/ FuelClinic.com, 407-637-5782 or michael@fuelclinic.com; Rafael Caamano, Point of Contact, UCF Business Incubation Program, 407-408-4297or rcaamano@mail.ucf.edu; Gordon Hogan, Director of Operations, UCF Business Incubation Program, 407-882-1577 or ghogan@mail.ucf.edu; Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142 or LvershelCo@aol.com
About the UCF Business Incubation Program: Since its founding in 1999, the UCF Business Incubation Program has helped more than 140 emerging companies (including 90 current clients) create over $800 million in annual revenue and more than 1.600 new jobs with an average salary of $59,000. With eight facilities across the Greater Orlando community, the Incubation Program is a collaboration in economic development between the University of Central Florida, Orange County, the City of Orlando, Seminole County, the City of Winter Springs, The City of Sanford, Lake County, the City of Leesburg, Osceola County and the City of St. Cloud, and the Florida High Tech Corridor Council. For more information, please visit www.incubator.ucf.edu.
Tuesday, April 20, 2010
Orlando-Based FuelClinic.Com Awarded Second Place in Global Competition to Find Solutions to Traffic Congestion, Road Safety
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