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Funding, Partnering, Achieving: Growth Strategies for Security Technology Companies
2010 Global Security Challenge European Semi-Finals and Security Innovation Conference
To view the event: http://video.tau.ac.il/Lectures/Management/MIT/2010/06_10
The Winners
startups (less than $1M income)
ID-U Biometrics Ltd.
BriefCam, Ltd.
SMEs ($1-4 M income)
DecaWave
Safend Ltd.
About the Global Security Challenge
The Global Security Challenge (GSC), (www.globalsecuritychallenge.com) is a central hub for security innovators, start-ups and investors and hosts competitions and events around the globe. The GSC aims to empower entrepreneurs in the security technology space and each year over $500,000 is awarded in its world leading competitions to entrepreneurs and researchers within the security technology field.
In addition to these awards, their previous finalists and winners have raised over $78 million in fresh capital via its challenges and events, and have also secured large contracts with corporate and government clients, such as the US Department of Energy, the US Navy, the US Department of Defense, and industry behemoths.
The Global Security Challenge is structured into three rounds. Hundreds of companies worldwide enter Round One. Forty-eight of these are selected by the judges to present at one of five Round Two semi-finals (West Coast US, East Coast US, Midwest US, Asia, Europe). The winners of each regional semi-final are invited to Round Three – to compete for the Grand Prize in the World Finals in London.
About the MIT Enterprise Forum of Israel
The MIT Enterprise Forum - “connecting ideas, technology and people" – (www.mit-forum.org.il) was started at MIT in 1978. It is a non-profit organization that assists start-up companies by providing advice as well as support and educational services to innovative and technology-based companies of all sizes.
The Forum operates out of 27 chapters around the world. The Israeli chapter was the first to be started outside of North America, and remains one of the most active. The Israel chapter organizes workshops, seminars and conferences on new trends, concepts, and issues of current importance to the technology-based community.
Events cover "early-stage" through "later-stage" topics, such as business plan evaluation, start-up challenges, fund raising, business development and growth engines, IP strategy, go-to-market strategy and much more.
The MIT EF board includes leading entrepreneurs and managers in high technology such as Ed Mlavsky (Tyco, BIRD, Gemini), Yanki Margalit (Aladdin), Effi Wachtel (RAD), Shimon Eckhouse (Syneron), Martin Gerstel (ALZA), Zvi Yemini (ZAG), Ofer Shoshan (OneHourTranslation), Ishay Green (Soluto) and Leon Recanati (GlenRock).
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