Sacramento, CA (PRWEB) September 19, 2010
Macro USA wins the United States West Coast finals in the Best Security Small and Medium sized Enterprises (SME) category of the Global Security Challenge Competition 2010 and will go through to the finals. The finals will be held University of London and this year’s Summit will be held on the 11th and 12th November 2010. Six regional finalists from around the world will complete for the grand price of $300,000.00.
“Well the hot news is that the West Coast regional final was held today and Macro triumphed in the SME sector (amazing robots!)” Richard Wilson, Global Security Challenge.
The Global Security Challenge (GSC) runs international competitions to find and select the most promising security technology startups in the world. The GSC holds regional selection events and a Security Summit in London to bring together innovators with government, industry and investors.
The “Global Security Challenge received a record number of submissions, and every submission is judged by three online judges” Richard Wilson, Global Security Challenge.
Last year, 42% of applications originated from universities, 12% from corporate spin-outs, 29% from unaffiliated entrepreneurs and 17% from other sources. Geographically, the split of entries was 23% from Asia, 44% from Europe and 33% from the Americas.
The GSC was founded by MBA students of London Business School in spring 2006; the first competition took place in summer 2006. By 2007, the Technical Support Working Group (TSWG), an interagency group of the US Government sponsored the annual grant award of $500,000 Dollar for the winning security startup. The GSC runs regional finals in Singapore at the National University of Singapore, in Washington DC at The University of Maryland and Brussels at the Brussels School of International Studies ahead of the GSC London Security Summit in autumn, hosted by London Business School.
GSC finalists and winners from the last three annual competitions have subsequently raised over $78 million in new venture funding and grants. The top-selected startups also have secured large contracts with government clients, such as the US Department of Energy, the US Navy and the US Department of Defense, and with industry behemoths, such as Siemens and Bayer AG from Germany.