Applications accepted for next AFRL Commercialization Academy
Applications are being accepted from startup business teams to participate in upcoming cohorts for the AFRL (Air Force Research Laboratory) Commercialization Academy, the Griffiss Institute announced.
If a startup would like to be considered for the spring 2020 cohort, an application must be submitted by Jan. 31, said the institute. Applications are being taken at griffissinstitute.org/CommAcadApplication online.
The application process will remain active throughout the year to allow companies to better understand the intent and purpose of the Commercialization Academy, the institute noted.
The academy is looking for startups in cyber security, big data, information systems, and UAS (unmanned aircraft systems) to apply, with a chance to win $200,000 in prize seed funding from IDEA NY (Innovation Development Entrepreneurial Accelerator), the institute said.
The Commercialization Academy is a Griffiss Institute entrepreneurial education program sponsored by the AFRL Information Directorate, also known as Rome Lab. The academy aims to pair high-caliber founders with high-potential AFRL technologies, with goals of developing entrepreneurial leaders and launching new technology ventures.
Startup teams will enter a Commercialization Academy cohort and then compete at a Demo Day for $300,000 in prize seed funding, with $200,000 going to the overall winner and $100,000 to the runner-up.
After Demo Day, eligible teams will participate in a year-long IDEA NY accelerator program. Additional assistance will be provided through the Griffiss Institute and its Business Incubator program. Participating teams will be required to reside in the Mohawk Valley region for a 12-month period after Demo Day.
For more information, email commercialization@griffiss