Two Local Startups Win Big at AFRL Commercialization Academy Demo Day; $300,000 Awarded
Go Figure wins Grand Prize of $200,000; Runner Up SkyTubeLive wins $100,000
Rome, NY – The Air Force Research Laboratory Information Directorate (AFRL/RI), together with Griffiss Institute is happy to announce the winners from the AFRL Commercialization Academy Demo Day and IDEA NY business accelerator competition, held this evening, Thursday, March 21, 2019, at Griffiss Institute, in Rome, New York.
Go Figure, from Utica, NY, walked away with the Grand Prize of $200,000, and runner-up, SkyTubeLive, from Oneida, NY, took home $100,000 for their startup! [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 since 2015. 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 2019 Commercialization Academy program will begin with startups drawn from across the country, as well as New Yor State. All teams will complete the 4-month Commercialization Academy curriculum developed, and achieve important milestones that will qualify them to pitch to local investors, stakeholders, and funding partners at a 2019 Demo Day.