Six startup finalists for the fall 2019 Air Force Research Laboratory (AFRL) Commercialization Academy cohort were announced by Griffiss Institute and the AFRL Information Directorate, also known as Rome Lab.
The teams, building their startups around Department of Defense intellectual property from Rome Lab, will pitch their businesses at a Demo Day event on Nov. 13 in seeking to win $300,000 in prize seed funding, the institute said.
The funding, including $200,000 for the overall winner and $100,000 to the runner-up, is provided by IDEA (Innovation & Development Entrepreneurial Accelerator) NY Mohawk Valley. The business accelerator program is made possible by a state grant.
The finalists, and their business concepts:
• AIMLExchange, of Rome — Whether a small enterprise planning to go big, or a big enterprise that needs to operate in agile startup mode, AIMLExchange seeks to enable and accelerate the knowing, building, and monetization of related digital practices, technologies, teams, and ventures.
• On the Curb, Inc., of Utica — It is a data architecture platform that looks to make data analysis, reporting, and new data products super easy to develop and deploy, and even more powerful the more it is used.
• PreVision Corp., of Syracuse — It creates image processing systems that make real-time precision imaging of large areas possible from small unmanned aircrafts.
• Seven Sundays, of Syracuse — It provides digital solutions to the vacation rental industry, aiming to allow homeowners to live life as if every day were Sunday.
• United Aircraft Technologies, of Albany — It 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.
• Inferenx Labs Inc., of Buffalo — It is using automotive sensor technology to seek to solve collisions with wildlife, a $5 billion pain point for auto insurance companies.
“I am pleased to once again see high-quality finalists associated with the Fall 2019 Commercialization Academy cohort,” says Griffiss Institute principal engineer Dan Fayette.
After Demo Day, eligible teams will participate in the year-long IDEA NY accelerator program. Additional assistance will be provided through the Griffiss Institute Business Incubator.
Participating teams will be required to reside in the Mohawk Valley region for a 12-month period after Demo Day.