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Biometric Signature ID Receives Award from the State of Texas Emerging Technology Fund

Biometric Signature ID was awarded a $550,000 investment for the commercialization of their patented identity management products as part of the ETF program developed by the State of Texas for emerging technologies.

Biometric Signature ID - Identity Proofing
Biometric Signature ID - Identity Proofing
March 8, 2011 - PRLog -- Biometric Signature ID, Inc. (BSI) announced today that the patented BioSig-ID identity management solution has been selected by the State of Texas Emerging Technology Fund (TETF) to receive a TETF Commercialization Award. BSI is the only software company with patented signature gesture biometric technology in the $12.6B Identity and Access Management (IAM) authentication market.

The TETF Commercialization Award recognizes groundbreaking solutions and funds early-stage investments in new, technology-based, private entrepreneurial entities to help accelerate time-to-market, stimulate economic growth through the creation of new jobs, and attract more cutting-edge companies to the State of Texas. The TETF’s 17-member advisory committee consists of well-respected high-tech leaders, entrepreneurs, and research experts handpicked by Governor Rick Perry. The committee reviews emerging technology submissions by reviewing the proposal, vetting the solution, reviewing the pilot, business plan and other factors before making funding allocation recommendations to the Governor, Lieutenant Governor, and Speaker of the House. Since 2005, the TETF has funded 131 early stage companies, investing more than $193.7 million and provided $173 million in grant matching and research superiority funds to Texas universities.

As cyber attacks continue to exploit vulnerabilities in people, processes and technologies, using multi-factor authentication, identity proofing is even more critical to reduce security risks, exceed regulatory compliance requirements and corporate responsibility mandates. Incorporating “Gesture Biometrics” as part of a fixed or mobile “defense-in-depth” protocol, assures maximum visibility of audit trails, accountability, and compliance with corporate policies, regulations, and cyber laws.

Biometric Signature ID was one of three companies being awarded funds from this recent TETF selection, receiving $550,000 to help bring their patented identity management products to the marketplace. BSI’s technology uses signature gesture biometrics, which authenticates a user’s identity by how they log in using their mouse or stylus, capturing, and comparing the unique way they create their password to their stored profile. BSI’s technology provides a marked improvement to current password-access methods by using a multi-factor authentication that delivers the highest level of security on the market today.

BSI’s premier product BioSig-ID™ is a unique biometric handwriting and gesture technology that is activated simply by using a mouse to create an online positive ID and includes their Click-ID technology designed to verify the user’s identity by clicking on specific objects in a selected image. uSignOnline™ enables users to sign contracts online, thereby increasing and protecting revenue while providing proof that the user authorized the action. WinLogon™ is a new product coming in spring 2011 that only allows access by the actual user to their authenticated personal computer or other personal device control. To find out more about BSI and their IAM solutions, please contact the company directly at http://www.biosig-id.com.

About Biometric Signature ID
A Dallas-based software company, Biometric Signature ID, Inc. (BSI), provides solutions to reduce identity fraud through its’ patented BioSig-ID Online™ biometric handwriting and gesture technologies. Activation is from any mouse, stylus, or touchpad on any PC anywhere, anytime. BioSig-ID captures how you write/draw your signature including your speed, direction, angle, and length, which are unique to each individual. Users enroll one time to create a profile (stored in a secure database) and thereafter validate their identity in seconds. BioSig-ID stops identity fraud by restricting access to only registered users who verify themselves against their stored biometric profile. To learn more about how BSI solutions can help with your Identity proofing needs visit our web site at http://www.biosig-id.com or call us at (800) 871-2817.

About Texas Emerging Technology Fund (TETF)
The TETF is a $200 million initiative created by the Texas Legislature in 2005 at the governor’s request, and reauthorized in 2007 and again in 2009. A 17-member advisory committee of high-tech leaders, entrepreneurs, and research experts reviews potential projects and recommends funding allocations to the governor, lieutenant governor, and speaker of the House. To date, the TETF has allocated more than $193.7 million in funds to 131 early stage companies, and nearly $173 million in grant matching and research superiority funds to Texas universities. For more information on the TETF, please visit http://www.emergingtechfund.com.

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Source:Leslie Harria
Phone:(800) 516-7841
Location:Dallas - Texas - United States
Industry:Software, Security, Government
Tags:Security, Biometric Authentication, TEFT Commercialization Award, Identity Management, Theft, Password, Iam, Access
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