The Army today announced 10 semifinalists for the fourth iteration of the Army Expeditionary Technology Search competition, or xTechSearch 4.0, that will compete for a $250,000 grand prize.
The technology pitch competition, originally scheduled to take place at the since-canceled AUSA Global Force Symposium, was live-streamed over two days this week due to the COVID-19 outbreak.
The following companies have been selected for the semifinals: Bounce Imaging of Buffalo, NY; GeneCapture of Huntsville, AL; Inductive Ventures of Marietta, GA; oTAI of Fremont, CA; Kericure of Wesley Chapel, FL; Lynq Technologies of Brooklyn, NY; MEI Micro of Addison, TX; Multiscale Systems of Worcester, MA; Novaa Ltd. of Dublin, OH; and Vita Inclinata Technologies of Broomfield, CO, according to an Army press release.
The companies will receive $120,000 each and have been accepted into the Army xTechSearch-sponsored Accelerator, "which provides tailored mentorship with Army and industry professionals, unique business-development opportunities and exposure to venture capital and Army customers," the release says.
The xTechSearch 4.0 finals are scheduled to be held during the Association of the United States Army's annual exposition in October in Washington, DC.
The service also kicked off the fifth iteration of the competition, xTechSearch 5.0, earlier this month. An Army panel will select up to 60 companies that will receive $5,000 each and advance to the second phase of the competition, where they will present technology pitches, according to a separate release.
Final demonstrations will take place at next year's AUSA Global Force Symposium and Exhibition in Huntsville, AL, according to the release.