Prizes and Award Partners
2009 prizes surpassed $10 Million in investor term sheets and contractor teaming agreements. Investment capital and contract revenue are the lifeblood of an emerging company and the 2010 Challenge will again offer these valuable capital streams as awards as well as new opportunities. 2010 awards and prizes are projected to reach $25M. They include:
The American Security Challenge has Investor Award Partners who provide investment capital, and Pilot Award Partners who provide a pilot program to prove capability. Award Partners offer awards to promising companies they select through the Challenge and the Challenge will work with Award Partners to ensure there is at least one company entered that matches their specific approval criteria within one of the four categories of Cybersecurity, C4ISR, Physical Security and Energy.
| Award | Description |
|---|---|
| Pilot Awards New for 2010 No SBA Requirements |
Pilot Award Partners agree to provide resources to test one or more Challengers they select in a small/controlled proof of concept environment that replicates a live test. These resources may include data, equipment, facilities, and personnel sufficient for it to evaluate the awardees’ technologies capabilities. The Pilot Award Partner is prepared to contract with the Challenger on a larger scale if it satisfactorily meet’s the Pilot Award Partner’s issues. Follow-on contracts from successful pilots are estimated at over $30,000,000.in multi-year contracts. |
| Industry Partner Award | 2009 saw over $8,000,000 in sub-contracting and teaming. |
| Mentor Protégé Award New for 2010 SBA Certified Companies Only |
The DoD Mentor-Protégé Program assists qualifying small businesses (Protégés) to successfully compete for prime contract and subcontract awards by partnering with large companies (Mentors) under individual, project-based Agreements. Awards are up to $1,000,000 per year for up to three years which may be applied to legal, manufacturing, engineering, and other hard costs as well as valuable counseling by the Mentor. ASC is pleased to announce the Mentor for the Protégé Award will be Raytheon. |
| The Patriot Award |
Winners are recognized and honored among the nation’s leading high tech innovators dedicated to protecting America’s security at the American Security Challenge event. To nominate a fellow patriot for this award, please submit a brief description of:
|
| Investor Awards | |
The Patriot Award winner is someone who has defended our country with integrity, steadfast patriotism, value and ingenuity. They have successfully confronted national threats to actively protect American citizens and secure the American way of life. Nominees may be national figures in public or private life, someone who has served to secure America at the tip of the spear, at our borders or from the boardroom.
This year, ASC has multiple Investor Award Partners who will select a small number of Challengers to meet privately with the investment committees promising. The selected company must meet the Investor Award Partner’s investment criteria, satisfactory due diligence and negotiations. 2009 saw $2,500,000 in term sheets within two months of the Challenge. Award Partner Benefits
The Challenge provides a way for Award Partners to extend their reach into innovative communities, screen through hundreds of innovative technology companies and identify a short list of interesting companies to invest in, contract with or track. The Challenge team with then work with Award Partners to ensure there is at least one company entered that matches their specific approval criteria.
If so desired, the Challenge also helps Award Partners extend their brand or other messaging into various technology communities around the region and/or the country. If this branding is not of interest, the Challenge enables the Partner to covertly peak into new technology pockets in search of interesting companies and technology market intelligence.
Investor Award Partners will realize value in networking their portfolio companies with Challenge Sponsors, other Award partners, Challengers and attendees who include qualified customer CIO/CTO/CSO’s scanning the marketplace for new products/tools. Pilot Award Partners will realize value in identifying technologies to enhance business performance and/or mitigate risk.
Individuals most likely to be interested in Investment or Pilot Award Partnerships include CTO's, CIO's, CSO's, product managers, corporate venture investors, and merger and acquisition professionals.
- For more information, contact event Chairman Roger London at Roger@AmericanSecurityChallenge.com.
