-T / T / +T | Comment(s)

Friday, May 23, 2014

Sikorsky Innovations Begins 5th Entrepreneurial Challenge

Source: Sikorsky

Sikorsky Innovations, the technology development organization of Sikorsky Aircraft, has launched its 5th Entrepreneurial Challenge, a competition to accelerate innovators and disruptive technology concepts with applications in the vertical flight market.

As part of the “Front End of Innovation 2014” conference, Sikorsky unveiled a new set of challenge questions and updated rules as it continues to align its channel to the needs and expertise of the global entrepreneurial community. Seeking to expand opportunities for technology leaders to contribute to aerospace innovation, the updated rules include a removal of overall employee count as a limitation for entering the contest.

Sikorsky Innovations has also selected Micoy Corporation and the team of Vision Engineering Solutions, LLC and Plasmonics, Inc. as the winners of its 4th Entrepreneurial Challenge Competition, and awarded a special recognition to NanoSonic, Inc. Sikorsky selected Micoy for its presentation of an advanced omni-directional 3D stereo imagery system in curved and spherical surfaces, and the team of Vision and Plasmonics, based in Orlando, Fla., for its presentation of a novel laser warning and attribution system. Sikorsky chose NanoSonic, Inc., based in Pembroke, Va., for its work in advanced thermal coatings and materials.

Sikorsky has also secured a license agreement from EvoLux Transportation, LLC. For the past 12 months, EvoLux, the winner of the 2nd Entrepreneurial Challenge, has been leveraging its award package to accelerate development of its online helicopter charter and ride share marketplace. The license agreement was a result of EvoLux’s investment evaluation presentation, and Sikorsky funding was matched through the Pre-Seed Fund from Connecticut Innovations. EvoLux will continue to reside in the Stamford Innovation Center (iCenter) and is closing its first round of investment funding before launching its first product in key U.S. markets later this year.

Related: Equipment News

Live chat by BoldChat