Sikorsky Innovations is hosting its second entrepreneurial challenge to seek out innovative ideas in the specialized aerospace and rotorcraft markets.
The competition is open to companies with revenues under $5 million. Submissions are due Oct. 10.
“A key objective with the first entrepreneurial challenge was to identify innovative technology concepts we could use,” said Laurence Vigeant-Langlois, director of business development and technology partnerships for Sikorsky Innovations, in a press release. “In this next entrepreneurial challenge, we are expanding our scope to include complementary and transformational products, processes and business concepts.”
The winning team for this year’s competition will be granted free rent and access to professional services firms at the Stamford Innovation Center as well as assistance from Sikorsky technical and business mentors.
Currently Sikorsky is working with three other entrepreneurial teams in its incubator at the Stamford Innovation Center.
Sikorsky Innovations is a division of Sikorsky Aircraft Corp., which in turn is owned by Hartford-based United Technologies Corp.
Since this is Sikorsky’s second crowdsourcing event, the first must have been successful. So, how come troubled newspaper and other media companies don’t do this?