CAMBRIDGE, MA—Draper and AUVSI New England recognize the importance of small business owners, academics, investors, government leaders and entrepreneurs in the space community. In 2021, in an effort to foster economic growth and innovation in civil, commercial and defense space, Draper and AUVSI New England designed the COSMIC Pitch Competition to give entrepreneurs a chance to present their business plans and ideas in a constructive, fun and friendly forum—and potentially win money to help them establish or expand their business.
The COSMIC Pitch Competition served as the culmination of the recent Space Sector Market Conference. The competition was open to the public and “anyone who has big ideas on how to reinvent the way we utilize space, manage our space assets, or exploit features found only in space to improve our lives on Earth,” according to the website.
The winner was MicroR Systems and the student winner was I of Horus. Finalists were Exodus Orbitals, Ironstar Engineering, Multi-Axis, POLUS, SafeOrbit, SpaceDrones, Spatiam Corporation and Vestibular Stimulation.
Judging the competition were technology investors and business executives. They include Meagan Crawford of SpaceFund, Orin Hoffman of The Engine and David LoBosco of In-Q-Tel. The ‘COSMIC’ in the pitch competition stands for Cultivating Outstanding Space Market Innovation and Collaboration.
The winning team will receive a prize of $10,000. Additionally, cash prizes will be awarded to the top student team and all runners-up.
The Space Sector Market Conference was hosted by AUVSI New England, and it was founded by a group of organizations across market sectors in space business, including Draper, MIT AeroAstro, 9.8 Capital, Potomac Institute for Policy Studies, STR and Xplore.
AUVSI is the world’s largest nonprofit organization devoted exclusively to advancing the unmanned systems and robotics community. With members from government organizations, industry and academia, the AUVSI fosters, develops, and promotes unmanned systems and robotic technologies. AUVSI provides opportunities for information exchange, networking and business development and is the best resource for simply learning about unmanned systems and robotics or for staying abreast of the latest program and technology updates.
AUVSI New England
The New England Chapter of AUVSI is growing and developing the local community in Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island and Vermont. There are many ways to get involved beginning with membership with AUVSI and affiliating with the New England Chapter. Membership will provide you and companies in New England with opportunities to network, get involved with committees and events, and to support the growth of unmanned systems in New England.