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Security Challenge Ltd. Media Release FOR IMMEDIATE RELEASE DEADLINE EXTENDED FOR GLOBAL SECURITY CHALLENGE TO AUGUST 6th 2010! The 2010 Global Security Challenge opens competition to help fight terrorism and improve homeland security. The Michigan Security Network pleased to partner the GSC and host America’s Midwest Coast regional final of the $500,000 Global Security Challenge. London, June 7th 2010 – The fifth annual Global Security Challenge competition, the largest and leading international competition for security innovators, start-ups and SME’S is open for entries. The competition offers security entrepreneurs the opportunity to showcase their inventions and compete for over $500,000 in cash support sponsored by TSWG of the US Government. The competition aims to identify, explore and foster innovation in the field of homeland security technology. The goal is to support the development of innovative disruptive technologies and ensure their success. Applicants can enter the competition, on the GSC’s website, in two categories depending on the maturity of the idea. Entry is free and all submissions will receive feedback. The deadline for applications is July 7, 2010 and details can be found on www.globalsecuritychallenge.com. In addition to the Midwest Coast regional held at the University of Michigan on the Dearborn Campus, there will also be the East Coast regional hosted by the University of Maryland in Washington DC and the West Coast regional hosted by The Security Network and the Maritime Alliance. The winners of these regional finals will meet the winners from Europe and Asia at the Grand Final held in London on November 11th and 12th. Top contenders from previous Global Security Challenge competitions have subsequently raised over $78 million in new capital. Kromek the 2009 winners secured $18.9M in funding following their triumph. TRX Systems, the 2008 winners of the Most Promising Security Start-Up award, secured $2.0M new investment, growth and further development of their security technology since winning the award. Phil Davies from Noble Peak Vison the 2007 winner added: “Customer interest in our night vision technology soared from the publicity we received after winning the 2007 GSC. As a direct result we are now developing new camera systems with major OEM's and systems integrators. Key dates: For more information on the Global Security Challenge Competition, including award categories and entry criteria, please visit: www.globalsecuritychallenge.com. About Global Security Challenge – The Global Security Challenge (GSC) is a central hub for security innovators, start-ups and investors. Its partnerships with leading universities and businesses offer a unique platform for security focused start-ups and researchers by lending business acumen and by linking innovators, industry leaders and government officials. The GSC is a valuable launching pad for security innovation and each year over $500,000 USD is awarded in its world leading competitions to entrepreneurs and researchers within the security technology field. The mission of the GSC is to stimulate technological innovations that make airports, cities and enterprises safer without encroaching on civil liberties. The GSC is supported by Accenture, BAE Systems, ONR Global, Blue Star Capital, Smiths Detection, ScanSafe and TSWG. The regional partners of the GSC are the University of Maryland, Michigan Security Network, The Security Network, Institute for Computer Sciences, Social- Informatics and Telecommunications Engineering (ICST) and the London Business School. For more information visit: www.globalsecuritychallenge.com. About Michigan Security Network – Recognizing Michigan’s potential to become a national leader in key growth areas of the $113 billion global market for homeland security technologies and services, 16 leading companies, universities and other opinion leaders from across the state joined forces in 2008 to create the Michigan Security Network (MiSN), a nonprofit organization founded to leverage this opportunity and accelerate the growth of homeland security business, investment and job creation in Michigan. MiSN serves as a platform to accelerate technology development, investment and job growth for Michigan in the fast-growing homeland security sector. For more information visit: www.MichiganSecurityNetwork.com Media contacts
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