Six teams are preparing to pitch their startups live at Demo Day to win $300,000 in prize seed funding, provided by IDEA NY Mohawk Valley!
ROME, NY – Griffiss Institute, together with the Air Force Research Laboratory Information Directorate, are pleased to announce the six startup finalists of the Fall 2019 AFRL Commercialization Academy cohort. This cohort’s teams are all from New York State, including two teams from the Mohawk Valley region.
These tech teams are being incubated while building their startups around Department of Defense Intellectual Property (IP) from the Air Force Research Laboratory Information Directorate (AFRL/RI) in Rome, New York.
Here are the finalists selected for the Fall 2019 AFRL Commercialization Academy Demo Day!
AIMLExchange™ – Rome, NY
Whether you are a small enterprise planning to go big, or a big enterprise that needs to operate in agile startup mode, AIMLExchange™ enables and accelerates your knowing, building, and monetization of related digital practices, technologies, teams, and ventures.
Inferenx Labs Inc. – Buffalo, NY
Inferenx Labs Inc. is using automotive sensor technology to solve collisions with wildlife, a $5 billion pain point for auto insurance companies.
On the Curb, Inc. – Utica, NY
On the Curb, Inc., is the data architecture platform that makes data analysis, reporting, and new data products super easy to develop and deploy, and even more powerful, the more it is used.
PreVision Corp. – Syracuse, NY
PreVision Corp. creates image processing systems that make real-time precision imaging of large areas possible from small unmanned aircrafts.
Seven Sundays – Syracuse, NY
Seven Sundays provides digital solutions to the vacation rental industry, allowing homeowners to live life as if every day were Sunday.
United Aircraft Technologies – Albany, NY
United Aircraft Technologies is creating a new class of clamp for aircraft wiring that is designed to reduce weight, improve safety, and simplify maintenance through lightweight parts and augmented reality.
“I am pleased to once again see high-quality finalists associated with the Fall 2019 Commercialization Academy cohort,” says Dan Fayette, principal engineer at Griffiss Institute. “Like our last cohort, these startup teams are focused on different commercial applications such as Unmanned Aerial Vehicles, Data Analytics and Information Management using Air Force developed intellectual property invented for military use. This group is another fine example of innovative entrepreneurs living right here in the Mohawk Valley and throughout New York State.”
At Demo Day, to be held on Wednesday, November 13, 2019, at Griffiss Institute, these teams will pitch their startup in cyber security, big data, information systems, and UAS, to a panel of judges and compete to win for $300,000 in prize seed funding provided by IDEA NY! The grand prize of $200,000 will go to the overall winner and $100,000 will go to the runner-up!
The Innovation & Development Entrepreneurial Accelerator, known as IDEA NY Mohawk Valley, is a business accelerator competition and twelve-month program that will incentivize promising entrepreneurs to create and grow viable commercial businesses in the Mohawk Valley region. This accelerator program is made possible by a $2 million Upstate Revitalization Initiative grant from New York State Governor Andrew M. Cuomo.
After Demo Day, eligible teams will participate in the year-long IDEA NY accelerator program. Additional assistance will be provided to the teams through the Griffiss Institute Business Incubator, a Certified NYS Business Incubator. Participating teams will be required to reside in the Mohawk Valley region for a 12-month period after Demo Day.
The 2019 Fall AFRL Commercialization Academy cohort and Demo Day are made possible by the generous support of National Grid, NYSTEC and M&T Bank.
Tickets to the FREE Demo Day event are available here: https://afrlfall19demoday.eventbrite.com