Fall 2017 AFRL Commercialization Academy Demo Day Teams Announced
Griffiss Institute is pleased to announce the four New York State-based teams of the Fall 2017 AFRL Commercialization Academy cohort. These tech transfer teams are being incubated while building their startups around Department of Defense intellectual property (IP) from the Air Force Research Laboratory Information Directorate (AFRL/RI) in Rome, New York.
During a four-month commercial viability process, these entrepreneurs are receiving an abundance of tools and resources, including an educational platform that teaches the logistics of building a startup. Each lab technology and entrepreneur goes through an intense vetting process to further explore the commercial viability of the technologies. Each entrepreneur will seek to develop and test strategies to build sustainable startups eligible for licensing opportunities. Each entrepreneur has embarked on an acceleration process to build a piece of IP into a sustainable startup. [keep reading]
WATCH: Two Local Teams' Journeys through the 2017 Spring CohortMentis Technologies: Local Entrepreneur Takes Part in Spring 2017 Commercialization Academy
Adk Ops: Local Entrepreneurs Take Part in Spring 2017 Commercialization Academy
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 2016. 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 2017 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 2017 Demo Day.
Two Teams Win Big for Their Startups at AFRL Commercialization Academy Demo Day; $20,000 Awarded
Rome Native Takes Home Judges’ Award of $15,000
The AFRL Information Directorate’s (AFRL/RI) Commercialization Academy held its Spring Demo Day on June 29, at Mohawk Valley Community College, in Rome, New York. Investors, entrepreneurs, tech enthusiasts, and the local business community, came to watch six innovative, tech startups take the stage to pitch to judges, and an audience of over 90, on how they have been disrupting 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. [read entire press release here]