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$25K in Non-Dilutive Funding for Manufacturing and Augmented Reality Startups

What could your company do with an extra $25K? You could run a ton of paid media. You could create a new logo, launch a new website, hire some contract engineers to build something important – or you could just put it in the bank for a rainy day.

Non-dilutive funds.

The Sikorsky Entrepreneurial Challenge is offering $25k in prize money to be awarded to its finalists. These prize monies come with no financial strings attached. They are non-dilutive to equity, have no control provisions and do not need to be repaid. The award is designed to fund innovation and development without requiring Challenge Finalists to give up equity, voting rights or cash flow.  At SIC we have seen entrepreneurs such as Ned Gannon of Stamford-based, SIC alumni eBrevia successfully use such funding for early stage growth without having to return to investors. These “non-dilutive funding rounds” are an increasingly important part of the entrepreneurs toolkit.

Is your tech aerospace-worthy?

If you are an engineering startup with concepts in the areas of energy storage, sensors, virtual reality or 3-D printing you should really consider learning about the 6th Sikorsky Entrepreneurial Challenge. Click here to register for the Webinar that Sikorsky is hosting on Tuesday, July 14 at noon EDT. When you attend this webinar you will learn why Sikorsky has focused on these engineering areas and have the opportunity to ask questions to the experts.

Today’s most difficult engineering challenges.

Sikorsky is looking for agile technology leaders across all industry domains that embody the entrepreneurial spirit, passion, and management style to complement the qualities of an established industry leader.

Here’s the actual language for the challenge questions in Sikorsky’s 6th Entrepreneurial Challenge:
  1. Ruggedized, wireless sensing with low-weight energy harvesting
  2. Real-time augmented reality for collaborative applications and complex manufacturing processes
  3. Aerospace quality additive manufacturing of complex geometry with real time inspection
  4. High energy density and high power performance energy storage

Winners and Awardees of the Entrepreneurial Challenge will be able to leverage Sikorsky’s industry knowledge and relationships.  The company encourages individuals or teams incubating new ideas around the globe, whether working in a garage or in a Fortune 500 company, to apply.  If you are not a startup, you still can win these funds.

Imagine Sikorsky as your first customer.

The products that Sikorsky makes cost in the millions and are engineered for maximum availability. If your technology can impress the engineers at Sikorsky, you can leverage that relationship and your participation in the program in discussions with prospects and partners.

So, in summary:

  • If your tech is in the area of VR, 3-D Printing, Wireless Sensors or Energy Storage, please consider applying to the Entrepreneurial Challenge (click here for more info about the EChallenge)
  • Sikorsky is a customer/partner with the highest standards in engineering – that makes them a great reference as you seek to work with other customers and partners.
  • Please attend the Sikorsky EChallenge Webinar at noon on Tuesday, July 14.  Click here to register for the Webinar

 

 

 

 

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