Spring 2018 Demo Day
Two Local Startups Win Big at Spring 2018 AFRL Commercialization Academy Demo Day; $20,000 Awarded
Go Figure wins Judges’ Vote and $15,000; idoolocal wins Audience Vote and $5,000
ROME, NY — The AFRL Information Directorate’s (AFRL/RI) Commercialization Academy held its Spring 2018 Demo Day on May 31st, at Griffiss Institute, in Rome, New York. Investors, entrepreneurs, tech enthusiasts, and the local business community, came to watch five innovative, tech startups take the stage to pitch to judges, and an audience of 85, on how they have been, or plan to, disrupt the market with Air Force Research Laboratory Information Directorate technologies as a pivotal part of their business model.
$20,000 from program funders was up for grabs as teams took the stage for three and a half minutes each, pitching audience members and a panel of judges, to see which startup company and AFRL/RI technology-based products and services were most deserving of the money. [keep reading]
The Commercialization Academy is a Griffiss Institute entrepreneurial education program sponsored by the Air Force Research Laboratory Information Directorate (AFRL/RI). The Griffiss Institute has partnered with Wasabi Ventures to run the academy in 2015, and once again, in 2018. The Academy pairs high-caliber founders with high-potential AFRL technologies with the goals of developing entrepreneurial leaders and launching new technology ventures.
The Commercialization Academy program is derived from the proven Wasabi Ventures Academy curriculum and acceleration process which has supported more than 200 startups over the past decade, consists of three component tracks which run concurrently:
- Entrepreneurship education for founders
- Technology due diligence, ideation and market validation
- Team and Company formation, technology licensure and business acceleration
The 2018 Commercialization Academy program will begin with teams drawn from across the country, and comprised of students, veterans and seasoned business professionals. All teams will complete the 6-month Commercialization Academy curriculum developed, and achieve important milestones that will qualify them to pitch to local investors, stakeholders and funding partners at a 2018 Demo Day.