Largest international security forum offers $500K to innovative start-ups
The fourth annual Global Security Challenge Competition, the leading international competition for security innovators, is open for entries. The competition offers security entrepreneurs the opportunity to showcase their inventions and compete for up to $500,000 in cash grants.
The competition aims to identify, explore and foster innovation in the field of homeland security technology. The goal is to support the development of innovative technologies and ensure their success. Applicants can enter the competition, on the GSC’s website, in different categories depending on the maturity of their ideas. Entry is free and all entrants will gain feedback on their submissions. The deadline for applications is 15 June 2009.
TRX Systems won the GSC’s 2008 Most Promising Security Start-Up award and attribute a large proportion of their subsequent success to the Challenge. Dr. Carole Teolis, CEO of TRX Systems, commented "Winning the 2008 Global Security Challenge afforded us additional credibility in the investor community. The recognition also helped reinforce our competitive advantages within our customer base."
The 2009 competition will include six regional events held throughout Europe, Asia and North America and will culminate with the grand final at the GSC Security Summit held at London Business School on 13 November 2009. The winners of the final will receive cash grants, mentorship and invaluable publicity and exposure. Mentors come from the world’s leading venture capital funds, including Hummer Winblad and Civitas Group.
The founders of the Challenge Simon Schneider and Janeen Chupa comment: “The
Global Security Challenge has become the must-attend event for people who want to make deals in early-stage security technologies. We are proud that our top contenders from previous competitions have subsequently raised over $52 million in fresh capital.”
