25 October 2006

Winner of competition to discover new security technologies announced tomorrow

THE winner of a competition to find some of the worlds most promising new security technologies will be announced at a conference in central London tomorrow.

The Global Security Challenge (GSC) is organised by MBA students at the London Business School and sponsored by Smiths Detection, part of the global technology business Smiths Group, the US Navys Office of Naval Research Global, SAIC and University College London.

The winner of the $10,000 prize will be announced at the GSC Conference at the Guoman Tower Hotel in St Katharine Dock, London on October 26.

The five finalists have developed technologies that can identify people by the way they walk, prevent passport counterfeiting, protect databases, detect bioterrorism agents and carry out accurate surveillance at a distance of up to 5,000 feet in the dark.

The competition aims to find the most promising security technology start-up business and is the first business school competition to feed the growing market for new security technology.

Simon Schneider, co-director of the GSC and a former homeland security consultant with IBM, said: This annual competition is a measured response to the terror threats we face and an innovative way to advance technology in this growing sector.

The finalists were chosen from around the world by a panel that includes scientists, entrepreneurs, venture capitalists and a London Business School professor.

Stephen Phipson, Group  Managing Director of Smiths Detection, said: Technology has driven the growth of Smiths Detection. Contributions from academia and start-up businesses give us a competitive edge and help us to develop a world-leading business serving the homeland security sector. We are delighted to be associated with this exciting new global initiative.

In addition to the cash prize, the winning business will also receive mentorship by Siemens Venture Capital, to help them bring their product to market, and will be invited to the Security and Resilience Forum being held by Smiths Detection in London on October 31.

The five finalists are:

  • Ingenia Technology laser technology to give passports, ID cards and other items an authenticating fingerprint to prevent counterfeiting, London, UK
  • ScanWalk technology to identify people by the way they walk, London, UK
  • Secerno next-generation database security system, Oxford, UK
  • TIRF Technologies portable biosensors for detecting bioterrorism agents, Pennsylvania, USA
  • Vumii laser-based surveillance that sees up to 5,000 feet in the dark, Georgia, USA

The conference, which will take place from 09:30 to 20:00 tomorrow, will bring together security innovators and government officials to discuss the direction of security technology.

Speakers include Lord Drayson, Under Secretary of State, Ministry of Defence, Bill Mawer, Vice President Strategy, Business Development and Technology at Smiths Detection, Dr Ruth David, CEO of Analytic Services and former Director of Science & Technology at the CIA, Eric Haseltine, the US Governments Associate Director of National Intelligence for Science & Technology and Ian Jeffrey, Deputy Director of the NATO Headquarters C3 staff.

ENDS

Global Security Challenge

The Global Security Challenge (GSC) is an annual competition to find the most promising security start-up in the world. The students behind the project have gained experience in the security technology sector with IBM, the US Army, CISCO Systems, the British Army and the National Security Council at the White House. The mission of the Global Security Challenge is to stimulate technological innovation that will make us all safer without encroaching on civil liberties. For more information visit www.globalsecuritychallenge.com

London Business School

London Business Schools vision is to be the pre-eminent global business school. The London Business School is ranked 1st overall in the Financial Times assessment of European graduate business schools. The school graduated over 800 MBAs, Executive MBAs, Masters in Finance, Sloan Fellows and PhDs from over 70 countries last year, while the executive education department serves 6,000 executives and corporate clients on its programmes. For more information visit www.london.edu

Global Secur ity Challenge

Simon Schneider
c/o London Business School
Regents Park
London NW1 4SA
Telephone: +44 (0) 20 7000 7251
Email: press@globalsecuritychallenge.com
Internet: www.globalsecuritychallenge.com