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6/8/2010
10:44 AM
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Global Security Challenge Kicks Off

International security forum offers $500K to innovative researchers, start-ups, and SMEs

London, June 8th, 2010:

The fifth annual Global Security Challenge (GSC) competition, the largest and leading international competition for security innovators, is open for entries. The competition offers security entrepreneurs the opportunity to showcase their inventions and compete for $500,000 in cash support sponsored by TSWG of the US Government.

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 two categories depending on the maturity of the idea. Entry is free and all submissions will receive feedback. The deadline for applications is July 7, 2010 and details can be found on www.globalsecuritychallenge.com

Top contenders from previous Global Security Challenge competitions have subsequently raised over $78 million in new capital.

Kromek the 2009 winners secured $18.9M in funding following their triumph. TRX Systems , the 2008 winners of the Most Promising Security Start-Up award, secured $2.0M in new investment, growth and further development of their security technology since winning the award. Phil Davies from NoblePeak Vison the 2007 winner added: “Customer interest in our night vision technology soared from the publicity we received after winning the 2007 GSC. As a direct result we are now developing new camera systems with major OEM's and systems integrators.”

The 2010 competition will include a number of regional semi-finals held in Europe, Asia and America and will culminate with the Grand Final in London on November 11th and 12th. Now over two days to include more time for networking, presentations and speakers. Not only do the winners of the final will receive cash grants, mentorship and networking opportunities but they also secure invaluable publicity and exposure.

Commenting on the competition, Richard Wilson Director of the GSC said:

“The Global Security Challenge is proving to be a very successful competition. Each year we have seen increasing numbers of entries with the entrants gaining access to a deep network of government, venture capital and corporate organisations as well as academics.”

“Technological innovation is the key to staying ahead of the threat to international security posed by terrorism. However, innovation doesn’t always come from large established players, which is why a forum like the Global Security Challenge is so important. No other organisation offers start ups and SME’s the platform and visibility that the GSC does.”

- Ends -

Key dates

Submission Deadline for entries for start-ups & SMEs: July 7th 2010

Final Event: London November 11th/ 12th 2010

For more information on the Global Security Challenge Competition, including award categories and entry criteria, please visit:

www.globalsecuritychallenge.com .

About Global Security Challenge

The Global Security Challenge (GSC) is a central hub for security innovators, start-ups and investors. Its partnerships with leading universities and businesses offer a unique platform for security focused start-ups and researchers by lending business acumen and by linking innovators, industry leaders and government officials.

The GSC is a valuable launching pad for security innovation and each year over $500,000 USD is awarded in its world leading competitions to entrepreneurs and researchers within the security technology field. The mission of the GSC is to stimulate technological innovations that make airports, cities and enterprises safer without encroaching on civil liberties.

The GSC is supported by Accenture, BAE Systems, ONR Global, Blue Star Capital, Smiths Detection, ScanSafe and TSWG. The regional partners of the GSC are the University of Maryland, Michigan Security Network, The Security Network, Institute for Computer Sciences, Social- Informatics and Telecommunications Engineering (ICST) and the London Business School.

For more information visit: www.globalsecuritychallenge.com

Media contacts

Richard Wilson

Global Security Challenge

T: +44 (0)207 224 0110 (m) +44 7792 595 775

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