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Security innovation challenge offers large prize fund.

Global Security Challenge : 15 April, 2008  (Company News)
Competition now open for the Global Security Challenge, available for innovators and new companies in the security market for ideas for homeland security projects.
Global Security Challenge (GSC) is open for entries, offering security start-ups worldwide the opportunity to showcase their inventions and compete for over $500,000 in cash-grants.

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.. There are prizes in a number of different categories and each submission will receive feedback on their submission.

Commenting on the competition, Janeen Chupa, Co-President of the GSC said: "The Global Security Challenge is proving to be a very successful competition, with the number of entries increasing with each year and the entrants gaining access to a deep network of government, venture capital and corporate organisations as well as academics. The 2008 competition is attracting already attracting significant interest from start-ups worldwide."

"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."

The winners of the first two GSC competitions, Ingenia Technology and NoblePeak Vision talk effusively about their experience with the Global Security Challenge. Both companies report substantial new investments, growth and further development of their security technologies since winning the award. As Cliff King, founder of NoblePeak Vision says:

"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"

Innovators can enter this year's competition by submitting ideas before June 15th 2008. The 2008 challenge will see regional semi-finals in Europe, Asia and North America and will culminate with the grand final conference in London on November 13.

The submission deadline for Startups & Ideas is June 15th 2008 and the final will take place in London on November 13, 2008.
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