AI ML Hot Startups: Tech Startup Pitch Competition Shortlists 5 Finalists
Five American technology startups are competing for prize money of $25,000 to be given to the winner of the Tech Startup Pitch Competition. What’s special about this Tech Startup Pitch Competition?
The competition has shortlisted five technology startup companies that are run by veterans, military, or spouses from these families. The veteran-oned startups would be awarded and mentored by VetsinTech (ViT). ViT is the leading national non-profit dedicated to advancing career opportunities for veterans in the tech industry. Sponsored by JPMorgan Chase, the winner will be selected from the five advancing companies in the final phase–a live, virtual pitch competition on 23 June.
Recommended: Amazon Prime Day 2021 Sales: Top Marketing Insights
Know the Five Technology Startups Picked by ViT
AI/ML Technology Solutions
AI/ML Technology Solutions provides the basic foundation and tools for everyone to gain hands-on experience in this space and start developing with AI/ML.
The startup company provides a useful hands-on developer kit to anyone who is interested in learning AI ML and building viable platforms with a futuristic scope to expand into AI, Machine Learning / Deep Learning, Robotics, Automation, and Computing.
ARMS Cyber Defense
With the kind of threats we are dealing with in 2021, organizations need a military-grade cybersecurity infrastructure. A finalist shortlisted by ViT, ARMS (Autonomous Resilient Management Solutions) Cyber Defense provides a proactive defense approach to mitigate IT security risks before they happen by randomizing code to stop memory corruption zero-day attacks.
Currently, the company employs experienced specialists who have worked at NASA and the White House, the National Security Agency, and Amazon.
Meet the third finalist in the Tech Startup Pitch Competition – CommSafe AI. CommSafe AI was recently recognized as the winner of the “Black-Owned Rising Star Company of the Year 2021.”
Ty Smith, Founder / CEO of CommSafe AI is a highly decorated retired United States Navy SEAL with multiple deployments to the Middle East. After 20 years of faithful and honorable service in the U.S. Navy, Ty founded CommSafe AI, a technology company that specializes in conflict and violence prevention.
CommSafe AI provides a communication analysis technology solution provider. It is designed to help companies protect their most valuable assets – their people and their IP. Given the current remote working scenario that is heavily disrupted by emerging technologies in the UCaaS and employee experience management categories.
GIVESPACE provides a SaaS solution that streamlines donation and fundraising campaigns for e-commerce businesses and marketplaces.
Wealth Stack provides a video-based investment and financial wellness platform focused on millennial and diverse communities.
How to Participate in Tech Startup Pitch Competition
Participation criteria required that hot tech start-up businesses be founded by veterans or military spouses and ideally offer a tech solution relevant to financial services, including cybersecurity, AI and machine learning.
Companies’ diversity, equity and inclusion (DEI) as well as social impact efforts were also strongly considered.
The top winners will receive awards as follows:
1st place prize: $25,000
2nd place prize: $10,000
3rd place prize: $5,000
In addition, select companies will have the opportunity for mentorship from senior leaders across JPMorgan Chase.
Vet-in-Tech is a Raging Trend; Needs More Support and Resources to Flourish as Independent Companies
The SBA shows veteran-owned businesses comprise 9.1 percent of all U.S. businesses, contribute $1 trillion to the U.S. economy, and employ more than 1 million people. While 45 percent of veterans prefer to start their own business, less than 5 percent actually do.
“Whether you’re a service member or spouse, military service demands fortitude, ingenuity and commitment. JPMorgan Chase is proud to sponsor this opportunity for individuals to showcase how they are applying these principles to some of the most innovative tech approaches in the industry today,” said Mark Elliott, Global Head of Military and Veterans Affairs.
Mark added, “We look forward to supporting this diverse group of entrepreneurs as they take bold next steps on their business journeys.”
“We’re thrilled to team with JPMorgan Chase on this pitch competition that showcases and awards the most promising veteran and military spouse owned businesses. Collectively, we’re so impressed with the caliber of startups competing in this pitch event. Congratulations to all five finalist companies as the competition was stiff,” said Katherine Webster, founder and CEO of VetsinTech.
Over the years, VetsinTech has supported veteran entrepreneurs, equipping them with extensive mentorship and recently launched the VetsinTech S.U.N. Startup Network to support veteran and military spouse entrepreneurs build high-growth technology companies. The range of initiatives that VetsinTech provides includes frequent workshops, boot camps, hackathons, and virtual office hours. This business pitch competition extends the support and numerous initiatives that VetsinTech offers.
We wish all the finalists all the best!
[To share your insights, please write to us at email@example.com]