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SBA Announces Startup Expo Showcase Winners to Present at 2nd Annual Startup Expo

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WASHINGTON, May 16, 2023 (GLOBE NEWSWIRE) — Today, Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice for America’s 33.2 million small businesses in President Biden’s Cabinet, announced that  it will kick off this year’s  America’s Seed Fund Week on May 15.  The 2nd annual Startup Expo will showcase innovative small business startups, developing cutting-edge technologies critical for the Nation’s economic prosperity, global competitiveness, and national security.  This year’s Expo will highlight nine winning startups advancing technology supported by America’s Seed Fund, the Small Business Innovation Research and Small Business Technology Transfer (SBIR/STTR) programs. 

“Some of America’s most transformative technologies started out as big ideas developed by small businesses,” said Administrator Guzman. “The 2023 Startup Expo elevates the next generation of innovators and connects them with additional resources that help them continue developing and manufacturing game-changing technology right here in America. Our 2023 Startup Expo Winners exemplify some of the most exciting achievements in science and technology and will make our Nation more competitive on the world stage in the years to come,” said SBA Administrator Guzman.

This year’s winning startups will showcase innovators aligned to the U.S. Department of Defense’s (DoD) 14 critical technology areas, including biotechnology, quantum science, Artificial Intelligence (AI), space technology, renewable energy, and advanced computing—technology areas, which the DoD Office of Strategic Capital and SBA’s Office of Investment and Innovation are committed to supporting through dedicated capital and technical assistance efforts.

“The SBA and the U.S. Department of Defense Office of Strategic Capital are focusing efforts and investments in 14 U.S. national security-related critical technology areas to accelerate transitioning key capabilities developed by small business startups. This year’s America’s Seed Fund Startup Expo will be an excellent opportunity to highlight American ingenuity and our Nation’s leadership in science and technology positioning our country for continued strength and security in a rapidly evolving and competitive global environment,” said Bailey DeVries, SBA Associate Administrator for Investment and Innovation.

The America Seed Fund Startup Expo is an example of the incredible partnership between the SBA and the DoD,” said Dr. Jason Rathje, Director of the Office of Strategic Capital, U.S. Department of Defense. “At the Office of Strategic Capital, we know that a significant amount of the scientific and technological advancements that will advance our national security interests will come from small business startups and that we must continue to find better ways to partner with those companies seeking to work with us. The Expo is a great opportunity to both engage with the expertise and talent resident in our U.S. national security innovation base and discuss our collaborative approaches to advancing the ecosystem in the future.”

2023 Startup Expo Winners to Showcase on May 15 include:

 AlchLight (Rochester, N.Y.)
Critical Technology Areas: Advanced Materials, Biotechnology, Space Technology                     
Allied Microbiota Inc. (Stony Brook, N.Y.)
Critical Technology Areas: Biotechnology, Renewable Energy Generation and Storage

EarthSense, Inc. (Champaign, Ill.)
Critical Technology Areas: Advanced Computing and Software, Integrated Sensing and Cyber, Trusted AI and Autonomy

IsoTruss, Inc. (Springville, Utah)
Critical Technology Areas: Advanced Materials, Space Technology

Kahili Ventures LLC dba Kana Systems (Lincoln, Neb.)
Critical Technology Areas: Advanced Computing and Software, Trusted AI and Autonomy

Molecular Rebar Design, LLC (Austin, Texas)
Critical Technology Areas: Advanced Materials, Biotechnology

necoTECH (Delaware, Ohio)
Critical Technology Areas: Advanced Materials, Human-Machine Interfaces, Trusted AI and Autonomy

PediaMetrix, Inc (Rockville, Md.)
Critical Technology Areas: Advanced Computing and Software, Biotechnology, Trusted AI and Autonomy

Xairos Systems, Inc. (Lone Tree, Colo.)
Critical Technology Areas: Quantum Science, Space Technology

Entrepreneurs, small business startups, and organizations interested in learning more about these innovative startups and the impact of America’s Seed Fund are invited and welcome to participate in this free virtual event on May 15.

America’s Seed Fund Startup Expo will:

  • Provide broad exposure for innovative small business startups to nationwide innovation networks and local ecosystems across America;
  • Provide a platform for connecting innovative startups with networks that can enable these companies to scale, grow, and thrive;
  • Raise public awareness of the opportunity to commercialize critical innovation necessary for continued American competitiveness in the global marketplace; and
  • Showcase American entrepreneurial ventures that are building a better America through innovation and choosing to manufacture their products at home in the U.S.

America’s Seed Fund Week Kick off and Startup Expo Overview
2:00 – 2:30 p.m. ET | America’s Seed Fund Week Welcome and Opening Remarks by SBA Administrator Isabella Casillas Guzman

2:30 – 5:00 p.m. ET | America’s Seed Fund Startup Expo 2023

Welcome with Bailey DeVries, SBA Associate Administrator for Investment and Innovation

Fireside Chat with Bailey DeVries, SBA Associate Administrator, and Dr. Jason Rathje,  Director of the Office of Strategic Capital at the Department of Defense, on the Small Business Investment Company Critical Technology Initiative

Startup Expo spotlighting startup showcase winners and moderated by Helena Krusec, Strategic Engagement Lead at AFWERX; Bob Smith, Director, SBIR/STTR Programs at the Department of the Navy; and Andy Yakulis, Director, Corporate Ventures at the Army Applications Lab

Closing Remarks
America’s Seed Fund Week and Startup Expo 2023 are virtual events. Participation is free and open to the public. Register to attend at https://bit.ly/ASFweekexpo23.

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About America’s Seed Fund
Also known as “America’s Seed Fund”, the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs’ mission is to support scientific excellence and technological innovation through the investment of federal research funds in critical American priorities to build a strong national economy. These programs represent the nation’s largest source of early-stage research and development funding for small businesses. SBA coordinates the programs, collaborating with 11 federal agencies, who collectively supported more than $4 billion a year in federal research and development funding.

Through these highly competitive grant programs, domestic small businesses with the potential for commercialization are encouraged to engage in federal Research and Development (R&D); these programs are an important resource for a wide range of researchers, innovators, inventors, entrepreneurs, and startups working on big ideas.
The program’s goals are to:

  • Stimulate technological innovation;
  • Meet federal research and development needs;
  • Foster and encourage participation in innovation and entrepreneurship by women and socially or economically disadvantaged persons; and
  • Increase private-sector commercialization of innovations derived from Federal research and development funding.

About SBA Office of Investment and Innovation
The U.S. Small Business Administration (SBA) Office of Investment and Innovation (OII) leads programs that provide the high-growth small business community with access to two things: financial capital and R&D funds to develop commercially viable innovations. Our work is underpinned by public-private partnerships that help small businesses on their trajectory from idea to IPO. Learn more at sba.gov.

 About the U.S. Small Business Administration 
The U.S. Small Business Administration makes the American dream of business ownership a reality. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow or expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.


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Artificial Intelligence

FinVolution to Hold 9th Global Data Science Competition, Focus on Deepfake Speech Detection in LLM era

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The 9th FinVolution Global Data Science Competition targets deepfake speech detection, tackling the challenge of distinguishing between cloned and authentic voices in the LLM era.The contest is part of the IJCAI 2024 Competitions and Challenges track, encouraging global collaboration and innovation among AI enthusiasts.By integrating LLM-generated fake voices in the test dataset, the competition increases complexity and spurs innovation.SHANGHAI, May 10, 2024 /PRNewswire/ — FinVolution, a leading fintech service provider, launches the 9th FinVolution Global Data Science Competition today, with a focus on “Deepfake Speech Detection.”  The contest is part of the IJCAI (International Joint Conference on Artificial Intelligence) Competitions and Challenges track, a top international AI conference.

As voice synthesis technology continues to evolve, the line between cloned and genuine voices has become increasingly blurred in the era of large language models (LLMs), posing significant challenges to data security and asset protection.
The competition aims to inspire global AI enthusiasts and experts to innovate in combating voice cloning and deepfake scams. Contestants will utilize deep learning technologies to develop models and algorithms based on FinVolution’s test dataset. The competition will include LLM-generated fake voices to elevate complexity and spur innovation.
With a total prize pool of RMB 310,000, the contest will consist of preliminaries, semifinals, and a final, with an aim to authenticate true and false voices. Highest-ranked contestants will attend IJCAI 2024 in Jeju of South Korea, to receive the awards and engage with academic and industry experts. FinVolution proudly sponsors IJCAI 2024.
Tiezheng Li, CEO of FinVolution, stated, “Since its inception nine years ago, the FinVolution Global Data Science Competition has evolved into a widely recognized event in the field of data technology, facilitating technical exchange worldwide. Partnering with IJCAI this year, a top-tier international AI conference, demonstrates our commitment to advancing deep speech recognition technology.”
The Deepfake Challenge
During the preliminaries (May 10 to June 12), participants will design algorithms based on the white-box dataset supplied by FinVolution and submit scoring results to qualify for the semifinals. The dataset primarily comprises voice recordings totaling 20-40 hours.
At the semifinal stage (June 13 to June 28), contenders are expected to refine their algorithms based on the black-box dataset provided by the competition organizer, vying for a spot in the final. The dataset, composed mainly of private data, contains five to 10 hours of recordings.
Participants can register on the official website from May 9 to June 3, to download and view the datasets.
Upholding AI Ethics
Voice cloning has emerged as a major form of telecom fraud, as scammers exploit AI technology to make distinction between genuine and fake voices increasingly tricky.
The competition focuses on safeguarding user privacy and combating fraudulent activities by identifying cloned voices accurately.
Lei Chen, Vice President of FinVolution and Head of its Big Data and AI Division, said, “The applications of Large Language Models far exceed the corresponding detection technology, posing great challenges to information security. We hope to see AI deepfake voice detection technology keep pace with the developments of LLMs, thus safeguarding the data security of the public. With this concept in mind, the FinVolution Global Data Science Competition is not only a platform for technical competition but also an opportunity to explore how AI can better adhere to ethical principles and serve the public.” 
To date, the FinVolution Global Data Science Competition has drawn nearly 10,000 participants globally in total, becoming a widely recognized event in the field of digital financial technology.
Organized annually since 2016, the contest themes have spanned diverse domains, all rooted in real-world fintech business scenarios. These themes range from risk control algorithms, financial data applications, and product development to semantic similarity recognition, asset portfolio cash flow prediction, and credit schemes for small- and micro-sized enterprises.
About FinVolution Group
FinVolution Group is a leading fintech company that connects millions of consumers as well as micro- and small-sized enterprises with financial institutions.
Founded in 2007 and listed on the New York Stock Exchange in 2017, we have been at the forefront of the pan-Asian credit technology industry, pioneering innovative technologies in credit risk assessment, fraud detection, big data, and artificial intelligence. With a proven track record of robust growth in pan-Asian countries, we have established leading fintech platforms in China, Indonesia, and the Philippines.
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Artificial Intelligence

XTEND SECURES $40M TO REDEFINE ROBOTICS WITH AI-POWERED COMMON SENSE

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XTEND and its XOS operating system are unlocking the potential of robots and drones by empowering them with AI and partnering them with humans – providing them with the ‘common sense’ to navigate the unpredictable nature of real-world situations
TEL AVIV, Israel, May 10, 2024 /PRNewswire/ — XTEND, the developer of XOS, an AI-driven operating system that is revolutionizing the way humans interact with drones and robots, today announced its $40M Series B round, led by Chartered Group, with further participation from its existing and new strategic investors, including Clal-Tech. The new funding will further develop XTEND’s proprietary XOS operating system and its application in various time-consuming, dangerous enterprise and security scenarios worldwide. XTEND will also ramp up global sales of its own drones and robotics products.

XTEND provides a revolutionary human-supervised, AI-driven drone and robot operating system that enables operators to perform highly complex and dynamic missions in any environment with minimal training. When drones and robots are controlled by XTEND’s patented XOS operating system – which fuses the best of human intelligence and machine autonomy – it provides a new way for logistics, public safety, inspection, defense, and security professionals to interact with machines effectively from a safe distance. 
XTEND’s team believes that as the use of drones and robots become more prevalent, professional human oversight remains crucial, and therefore developing a seamless collaboration between humans and AI, where each play to their strengths for optimal results, is vital. Aviv Shapira, co-founder, and CEO, explains: “Robots and drones promise to transform everything from factories to our homes. However, a significant hurdle remains – equipping them with the common-sense abilities to deal with the unpredictable nature of real-world situations, understand their surroundings, and make decisions based on that information. XOS uses AI to enable robots to learn from data and experience. Training them to identify objects, navigate complex environments, and interact with humans safely. We are unlocking the true potential of robotics in complex scenarios, including first response, search and rescue, logistics, critical infrastructure inspection, defense, and security.”
“Our XOS operating system is based on “Practical Human Supervised Autonomy” which empowers drones and robots to handle specific tasks autonomously – entering buildings, scanning floors, or even pursuing suspects. However, crucially, it allows the “common sense” decisions – like judging situations or adapting to unforeseen circumstances – to remain in the hands of human supervisors. This human-machine teaming allows our robots to work alongside supervisors, who can manage dozens of robots simultaneously, and learn from that experience. That is why we believe that XOS will become the operating system of choice for anyone looking to maximize their robotic systems’ potential while decreasing the risks posed to their teams’ lives or concerns around lack of human oversight.”
Hundreds of XTEND’s drone and robotics systems are already operationally deployed worldwide, and the company is continuously developing its XOS operating system and those platforms to deliver the future of human-machine teaming. XOS is hardware agnostic, which allows it to control all sorts of platforms, including third party devices, complement existing technology, or create entirely new systems from scratch. XOS’s open architecture means that it can host applications developed by other companies, too. 
Matteo Shapira, co-founder, and CXO, adds: “Unlike self-driving cars, which operate in a world with mostly known rules and scenarios, XTEND specializes in enabling operations in “hypervariable” environments. Take a last-mile delivery robot. It can navigate autonomously indoors and outdoors but might need human help finding an office building entrance or understanding floor layouts to reach the elevator or stairway. These environments present limitless situations with the potential for the unexpected, requiring human-level decision-making skills specific to each profession. XTEND’s core technology, XOS, is built around this human-machine partnership. We are continually adding new “AI SKILLS” to our system, and those skills will allow robots to handle a growing portion of missions and tasks, freeing up human supervisors to manage more missions simultaneously, at scale.”
Eyal Agmoni, Founder and Chairman of Chartered Group, said: “We believe that the companies bringing the value of AI to massive and complex industries, such as robotics and drone operations, will be the tech giants of the 21st century. Having observed XTEND’s remarkable achievements thus far, we truly believe in the company’s potential to become the world leader in robotics and drone operations, and AI.” 
XOS has been developed for multiple markets, including logistics, public safety, inspection, and security. The U.S. Department of Defense Special Forces and Israel’s Ministry of Defense tier-1 units have also chosen XTEND for multiple multi-million-dollar programs to develop and deliver its systems for operational evaluation, so the company’s technology is already being used by some of the best in the business.
About XTENDXTEND provides revolutionary human-guided autonomous machine systems that enable any operator to perform extremely accurate manoeuvres and actions, in any environment with minimal training. The company’s patented XOS operating system fuses the best of human intelligence and machine autonomy to enhance the operator’s abilities, and simultaneously reduce the need for physical confrontation, thereby minimizing casualties and injuries. Hundreds of XTEND’s systems are already operationally deployed worldwide, and the company is continuously developing its XOS operating system and platforms to deliver the future of human-machine teaming to defense, HLS, and security professionals worldwide. Find out more here.
https://vimeo.com/802995851/2554c5485a – this footage shows XTEND’s team using drones and our XOS operating system to help with the recent rescue effort in Turkey. XOS enabled these drones to be operated in unsafe, confined, hard to reach spaces. Utilising additional cutting-edge technology, including robotic arms and thermal cameras, to enhance each drone’s rescue capacity. While this mission was carried out by XTEND’s own team, XOS enables anyone to easily connect and interact within remote environments using drones and other smart machines, without the need for prior knowledge or training.
About Chartered GroupChartered Group is an innovative global private equity firm providing extraordinary global investment funds and opportunities for a greener and more digitalized world across several disciplinaries with its VC of Disruptive Technologies as its cutting edge. Chartered is all about exposing accredited and institutional investors to the most extraordinary global investments and opportunities. As a global private equity firm, Chartered cut through the investment noise to deliver a variety of savvy financial products and services that not only support a greener and more digitalized world but also leverage robust financial returns, one tailored strategy at a time. To learn more please visit www.charteredgroup.com.
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Artificial Intelligence

Precisely Continues to Expand Reach and Capabilities for Data Enrichment and Geo Addressing

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New global Address Fabric™ and Property Attributes offerings help customers access unparalleled location-based insights, supercharged by the PreciselyID
BURLINGTON, Mass., May 9, 2024 /PRNewswire/ — Precisely, the global leader in data integrity, today announced further expansions in the global coverage and capabilities of its data enrichment and geo addressing portfolio. New additions to the Address Fabric and Property Attributes products underscore the company’s continued commitment to helping customers easily unlock greater location-based context from their data, enabled by its unique and persistent identifier, the PreciselyID.

Virtually every business worldwide captures and stores address information, with the average large business in the United States now estimated to store over 100 million unique addresses. However, navigating the inherent data integrity challenges is notoriously difficult, as it involves new buildings, changing street names, different country formats, and more.
Expanded Address Fabric Reach
Precisely customers can now access the Address Fabric dataset for Great Britain, France, and New Zealand – providing the most current and comprehensive lists of all known physical addresses across these countries. The new datasets expand Precisely’s existing coverage for the United States, Canada, and Australia.
Address Fabric data is easy to use with any database and analytics environment without needing specific geospatial expertise or tools. Customers can analyze address locations for various applications, including identifying new serviceable addresses, discovering new customers through look-a-like analysis, or selecting a site for new stores or network expansion opportunities.
Comprehensive Property Attributes Information
Precisely also announced the expansion of its Property Attributes products for the United States with 26 new attributes now available via integration with Multiple Listing Service (MLS) data. The MLS database of property listings is used by real estate agents to share information about homes currently on the market, including whether a property is affiliated with a Homeowner’s Association or if it’s considered a rental property.
With the latest updates, Property Attributes products now include over 230 different property information attributes across virtually every county located in the United States, providing a highly comprehensive view of a property and its key characteristics, such as details on land use, square footage, construction materials, and year built.
Address Fabric and Property Attributes leverage best-in-class geo addressing solutions from Precisely to provide the most accurate location information possible. Because each record is appended with a unique PreciselyID that remains persistent even when address elements change, customers can unlock greater value by enriching their data with additional information such as points of interest data, risk factors, demographics data, and much more.
“Precisely continues to be at the forefront of data enrichment and geo addressing solutions, enabling customers where they are on their data journey and supporting them with access to consistent location-based insights across their countries of operation,” said Dan Adams, Senior Vice President and General Manager for Data Enrichment at Precisely. “An essential element of data integrity, our unique PreciselyID makes address management and enrichment simple by eliminating time-consuming data preparation and augmenting insights with rich, relevant context.”  
Precisely is renowned for its expertise in helping customers reveal maximum context from their data, with a comprehensive portfolio that includes over 400 datasets containing more than 9000 attributes. The company also recently joined the Overture Maps Foundation, founded by Amazon Web Services (AWS), Meta, Microsoft, and TomTom, providing guidance on location intelligence and data enrichment to help drive exciting new advancements in geospatial technology.
Learn more about the Precisely portfolio of data enrichment and geo addressing capabilities.
About PreciselyPrecisely is the global leader in data integrity, providing accuracy, consistency, and context in data for 12,000 customers in more than 100 countries, including 99 of the Fortune 100. Precisely’s data integration, data quality, data governance, location intelligence, and data enrichment products power better business decisions to create better outcomes. Learn more at www.precisely.com.
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