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Closing date approaches for Global Security Challenge

Global Security Challenge : 24 July, 2008  (Company News)
Start ups and academics invited to enter security challenge for awards relating to security in crowded places
Global Security Challenge (GSC), the largest international security innovation competition, has extended its invitation for entries to 31st July 2008. The UK initiative offers security start-ups and university academics worldwide the opportunity to showcase their inventions and compete for $10,000 in cash-grants.

Individual inventors, researchers or organisations are encouraged to submit ideas for a security solution to win the title of Best Security Idea Award or Crowded-Places Idea Award.

The judging for the Best Security Idea Award will focus mainly on the disruptive potential of the technology with less focus on the idea's maturity. Winner of this award will receive mentorship by Siemens Venture Capital and a $10,000 cash award, sponsored by Accenture.

Separately, the Crowded-Places Idea Award will offer $10,000 and other prizes for ideas that offer potential solutions to the challenge of making crowded places safer for the public. Examples might be innovative video surveillance solutions, access control technologies or solutions for better communicating with crowds. This award is a subcategory of the Best Security Idea Award with a focus on contributing to public safety. This award is organised in partnership with Secure Futures.

The GSC, which is in its third year, aims to identify, explore and foster innovation in the field of homeland security. It was established in 2006 by London Business School students to empower start ups in the homeland security technology space. The aim is to support the development of innovative technologies and ensure their success.

Regional finalists will be announced in the semi-finals in Washington DC (USA), Brussels (Belgium) and Singapore in September 2008. The top two contenders from each region will advance to the Grand Final on 13th November in London. The six finalists will present their business cases to a panel of judges consisting of officials from government, venture capital, security, and/or technology sectors.
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