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Media Note (Revised)
Office of the Spokesman
Washington, DC
November 6, 2007


The Global Security Challenge

The Technical Support Working Group, a technology coordinating organization co-chaired by the U.S. Departments of State and Defense, is a co-sponsor of the Global Security Challenge (GSC), a competition managed by MBA students at London Business School, together with several partner organizations in the United Kingdom, Europe, and the United States. The goal of the Challenge is to identify and encourage start-up technology companies with innovative ideas in the fields of national security research and development and science and technology. The Challenge began with three semi-final competitions in September. Five finalists – Auretix (UK), Eyemarker (USA), NoblePeak Vision (USA), Psyclock (Germany), and XID Technology (Singapore) -- were announced on Monday, October 29 and will participate in a final round of competition in London on November 8th. The final round of competition will determine one winner who will receive a $500,000 research grant provided by the U.S. Department of Defense through the Technical Support Working Group. Featured speakers at the Finals include the former Chiefs of the U.S. National Security Agency and the United Kingdom’s MI-6.

The GSC is an annual competition to find the most promising security start-up in the world. The founders have gained experience in the security technology sector with the U.S. National Security Council (NSC), IBM, and Sagem Défense Sécurité. The GSC mission is to stimulate technological innovations that make airports, cities and enterprises safer without encroaching on civil liberties. The GSC was founded by London Business School students and is supported by Accenture, BAE Systems, Bosch, TSWG, Smiths Detection, ONR Global, the US Department of Homeland Security, PegasusBridge Fund, BWI and SAIC. The exclusive partner universities of the GSC are Mississippi State University, National University of Singapore, Technical University of Munich and London Business School.

More information about GSC can be found at: http://www.globalsecuritychallenge.com.

2007/972


Released on November 7, 2007

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