(Contributed by Paul Dorn)
Ennetix, a startup firm based on research conducted at UC Davis, has graduated from the university’s tech incubator, the Engineering Translational Technology Center (ETTC). Ennetix is the second firm to exit the ETTC, following the May 2012 launch of Dysonics, an audio technology company that received $750,000 in private investment after less than a year of ETTC residency.
Founded by UC Davis engineering distinguished professor Biswanath Mukherjee, Ennetix commercializes university research on network topology optimization and adaptation. Ennetix, formerly named Putah Green Systems, currently offers a software application called “EnergyPlus,” which optimizes energy use in IT networks and connected systems.
EnergyPlus monitors actual usage and traffic within the network and reacts to this information to match real-time network capacity to the actual load. According to Jonathan Symons, CEO of Ennetix, “Research and trials show EnergyPlus can save up to 50% of power use in IT networks and their connected equipment with no impact on the end users. With IT energy costs for many companies averaging 20 to 40 percent of their total energy bill, savings on this front can considerably improve a company’s bottom line.”
Ennetix is presently collaborating with several major US carriers, large enterprises and network equipment manufacturers, to trial and deploy EnergyPlus as an integrated Active Power Management (APM) solution for core and campus networks and connected equipment.
The Engineering Translational Technology Center was established in 2010 to help technology startups, based on intellectual property developed at the UC Davis College of Engineering, attract support from external financial investors. ETTC assesses the commercial potential and developmental readiness of faculty research in determining admission into the incubator.
ETTC provides member companies with campus space close to the college’s laboratories as well as support, mentorship and introductions to potential investors and strategic partners.
Members are selected for admission into the business incubator through a review process that includes an assessment of the commercial potential of the faculty research and its readiness for commercial development. ETTC has admitted ten faculty startups to date.
ETTC played a crucial role in acquiring a provisional patent for Ennetix’s technology, gaining initial private and Angel investment, and introducing the startup to firms within industry.
“Within the incubator, professors can stay close to their research and teaching while they develop their ideas, and students can get experience in translational technology research,” said Bruce White, professor of mechanical and aerospace engineering at UC Davis, co-director of the ETTC and former dean of the College of Engineering. “The center identifies and nurtures promising research in the college, then supports faculty in the early stages of turning their academic research into commercial products.”
ETTC is one of several initiatives at UC Davis designed to foster entrepreneurial activities and translational research on campus and facilitate effective technology transfer and new company creation as a means of achieving the university’s mission of service to people and society. Since 2004, more than 40 new companies have been spun off from UC Davis research. The university held 375 active patents at the end of the 2011 fiscal year.
More information: Jonathan Symons, CEO, Ennetix; email@example.com; http://www.ennetix.com/