Griffiss Institute and Wasabi Ventures hosted investors, entrepreneurs, and tech transfer enthusiasts to watch eight startups, that had completed the 2016 Spring Commercialization Academy, pitch to judges, and an audience of 100+, on how they have been disrupting the market with Air Force Research Laboratory Information Directorate (AFRL/RI) technologies as a pivotal part of their business model, during the Academy’s Demo Day, Tuesday evening, at the thINCubator’s new location in Downtown Utica.
$50,000 was up for grabs as teams took the stage for four minutes each, to pitch audience members and a panel of judges, in order to see which startup company and AFRL/RI technology-based products and services were most deserving of the money.
Xompass FaaS, a service platform that provides intelligence to assets in the energy industries, walked away with the judges’ vote and $25,000, while a company that combats online identity fraud, OneTouchTrust, won the audience vote and $25,000.
Patrick Harris, part of the Xompass Team said, “I couldn’t be more excited to be a part of this group, and the Air Force Research Lab has done great things for our technology. Hopefully we can continue to develop the product to incorporate some more of the research lab’s patents and make the world a better place.”
Xompass Inc. is a multinational IOT product company that has offices in San Leandro, California; Valparaiso, Chile; and Sao Paulo, Brazil. Xompass Field Intelligence as a Service (FaaS) product is the industry leading SaaS offering that bridges the gap between instrumentation (IOT) and Advanced Analytics. Xompass’ product suite in edge and cloud makes IOT implementation a quick and cost-effective reality for several industrial and telecommunication companies globally. See www.xompass.com.
About Commercialization Academy
The Commercialization Academy is blazing a path in Department of Defense (DoD) IP Tech Transfer; fundamentally changing the way a startup gets built by pairing hungry entrepreneurs with AFRL technologies, creating new companies to impact local ecosystems. The Commercialization Academy is creating the building blocks for a stronger community in the Mohawk Valley.