150 Innovative Technologies Submitted for 2010 Challenge
Washington, D.C. June 7, 2010 – After only two months of outreach, American Security Challenge (ASC) received over 150 registrations for the 2010 Challenge.
In its third year, ASC has again increased the “award” value with the addition of pilots. These pilots provide Challengers the opportunity to have their technologies tested by qualified customers (need, authority, money) in a small controlled environment that mirrors the full-scale scenario. For a full listing of the pilot and other award categories, please refer to ASC website.
This year’s Challengers continue to shift to more mature companies and technologies while still addressing disruption and game changing technologies. A profile of the 2010 Challengers includes:
- 150 Challenger registrations
- 110 applications in Cyber (Challenger may indicate application in more than one category)
- 82 applications in Physical
- 81 applications in C4ISR
- 34 applications in Energy
- Technology Readiness Level
- 77 at TRL 9
- 39 at TRL 8
- 28 at TRL 7
- Balance at lower TRL or did not disclose
- Reach
- 32 states
- 5 foreign countries (UK, Sweden, Finland, Russia, and Israel)
- Funding
- 56 companies disclosed 2010 projected revenues ranging from zero to $60,000,000
- 26 indicated they have raised Venture Capital ranging from $1,000,000 to $62,000,000
In addition, 66 Challengers submitted as SBA certified small businesses in registering for the DoD/SBA Mentor Protégé Award.
###
ABOUT NATIONAL SECURITY INITIATIVE (NSI)
The National Security Initiative is a non-profit organization devoted to promoting America's long-term national security interests by uniting the power of the market to the power of American ingenuity. The principle channel is the American Security Challenge, a joint venture annual technology contest that brings innovators and investors from around the country together to collaborate and support the best security technology devoted to our country's long-term national security. Learn more about NSI at www.NationalSecurityInitiative.com and about ASC at www.AmericanSecurityChallenge.com.
ABOUT AMERICAN SECURITY CHALLENGE (ASC)
As the largest competition and matchmaking opportunity in the nation, the American Security Challenge is the center of gravity for the critical stakeholders in the security technology market. By quickly identifying solutions to mission critical and highly visible issues, the American Security Challenge public/private partnerships are working to secure our nation's citizens, our assets and our economy.
Media contact: Roger London, (410) 340‐5335 Roger@AmericanSecurityChallenge.com
