Robotics Alley Introduces "Invest in Innovation" Competition

Calling Robotics Start-ups: Apply to Compete for Publicity and Possible Venture Capital.

Minneapolis, Minn. November 12, 2015 -- Fostering technical innovation is a key fundamental for the Robotics Alley Conference & Expo (Dec. 1-2 in Minneapolis). In that spirit, this year's event will feature a competition for tech start-ups to pitch their business plans to a panel of four venture capital judges, gaining publicity and the possibility to secure investment capital.


Qualified applicants should ideally work in robotics, sensors or advanced manufacturing. Robotics Alley staff will narrow submissions to the three finalists who will compete before the judges panel. The top 10 finalists will receive free conference passes.

The application form is available online at roboticsalley.org/investment.

The three entrepreneur-contestants selected as finalists will make their pitches to the judges on Day Two of the conference, December 2, in a live public session open to Robotics Alley attendees. Each presenter group will have 10-12 minutes to make their opening pitch, followed by a 15-minute Q&A session with judges and the audience.

Incentives to Compete

For starters, the top 10 applicants receive complimentary conference passes and numerous networking opportunities with industry leaders.

The top three finalists gain valuable feedback on their business plans from the venture capitalist-judges. Additionally, the three each will receive a complimentary show booth at Robotics Alley Conference & Expo and will be mentioned in a PRWeb press release and will be showcased individually in feature stories on The Business of Robotics website.

The winner of the competition will be announced at the conclusion of the conference, in PRWeb press release, and on The Business of Robotics. Additionally, the winner gains possible monetary investments that may result after a due diligence process conducted by the judges.

For more information, go to roboticsalley.org/investment.

Featured Product

Universal Robots - Collaborative Robot Solutions

Universal Robots - Collaborative Robot Solutions

Universal Robots is a result of many years of intensive research in robotics. The product portfolio includes the UR5 and UR10 models that handle payloads of up to 11.3 lbs. and 22.6 lbs. respectively. The six-axis robot arms weigh as little as 40 lbs. with reach capabilities of up to 51 inches. Repeatability of +/- .004" allows quick precision handling of even microscopically small parts. After initial risk assessment, the collaborative Universal Robots can operate alongside human operators without cumbersome and expensive safety guarding. This makes it simple and easy to move the light-weight robot around the production, addressing the needs of agile manufacturing even within small- and medium sized companies regarding automation as costly and complex. If the robots come into contact with an employee, the built-in force control limits the forces at contact, adhering to the current safety requirements on force and torque limitations. Intuitively programmed by non-technical users, the robot arms go from box to operation in less than an hour, and typically pay for themselves within 195 days. Since the first UR robot entered the market in 2009, the company has seen substantial growth with the robotic arms now being sold in more than 50 countries worldwide.