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America's Midwest Top Security Start-ups Compete for a Spot in the Final of the Leading International Technology Competition
| Source: HSIEC
CHICAGO, IL--(Marketwire - September 17, 2009) - Six high-tech, innovative companies have been
selected as finalists in the American Midwest Regional Final of the Global
Security Challenge Competition. The finalists will battle it out for cash
grants totalling $500,000, plus a mentorship from venture capitalists. The
event will be held on Tuesday, September 22 at the Chicago campus of
Northwestern University.
The Global Security Challenge LLP (GSC), the organizers of the
international competition, seek to highlight the world's most promising
security technologies that create safer environments for airports, cities
and enterprises without encroaching on civil liberties. GSC's goal is to
support and promote researchers, infant companies and other inventors; and
ensure valuable new technologies can develop and prosper.
The two winners of the American Midwest Regional Final -- in the Best
Security SME and Most Promising Security Start-up categories -- will
compete against winners from five other regional finals across North
America, Europe and Asia, at the grand final hosted by London Business
School on Friday, November 13, 2009.
The Homeland Security Innovation & Entrepreneurship Center (HSIEC) at
Northwestern University will be hosting the Midwest part of this
international competition, with Underwriter Laboratories as Local Sponsor
and TechAmerica as Marketing Partner. "It's an honor to be part of such a
prestigious international event," said Bret Johnson, Director of Illinois
HSIEC. "We welcome GSC, the Midwest finalists and the many other
participants. I anticipate a well-executed competition, complete with
compelling presentations and groundbreaking ideas." During the event,
business plans will be presented to a panel of judges, consisting of
leaders from TSWG of the US Government; Cisco Systems; venture capitalist
firms MVC Capital and Dunrath Capital; and Northwestern University.
The founders of the GSC, Simon Schneider and Janeen Chupa, commented in a
joint statement: "The competition aims to empower innovation in security
and this year, we were pleased to receive a record number of submissions
from innovators in the Midwest region. We are also proud that our top
contenders from previous competitions have subsequently raised more than
$55 million in fresh capital."
About Global Security Challenge LLP
The Global Security Challenge LLP (GSC) is a forum for security innovators,
start-ups and investors. It provides 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.
Simon Schneider and Janeen Chupa founded the GSC while studying at the
London Business School, and gained experience in the security technology
sector at IBM and the US National Security Council respectively. The GSC
is supported by Accenture, BAE Systems, Blue Star Capital, Control Risks,
London Business School, ONR Global, Smiths Detection, TSWG, UKTI and the US
Department of Homeland Security, among others.