UAS Magazine in partnership with the UAS Angel Network and the Grand Forks Region Economic Development Corporation announced this week the six companies selected to pitch to a group of angel investors and venture capital firms at the UAS Summit & Expo, taking place October 4-5, 2022, in Grand Forks, North Dakota.
“In North Dakota, real business is happening within the UAS industry,” said John Nelson, vice president of operations, sales, and marketing at UAS Magazine, “Giving companies the opportunity to pitch new technology to investors is a prime example of how there is a very strong commitment to the overall UAS ecosystem here.”
Each company submitted an application to participate and was selected by a panel of experienced industry investors and individuals.
The six companies selected to give an in-person pitch at the UAS Summit & Expo are:
• Vigilant Aerospace Systems
“We had a ton of interest in the UAS Summit Pitch Day event from both startups and investors, said Craig Mahaney, executive director at the UAS Angel Network. Selection was tough but I think the companies selected to pitch are diverse in both market appeal and funding cycle timing.”
The Summit, taking place in the original epicenter of drone research, offers the most open airspace in the country. The Northern Plains has become the “Silicon Valley of Drones” and the sky is now filled with activity from commercial, government and military users.
“Pitch Day is a great way to support new and expanding UAS businesses in the Grand Forks region,” said Keith Lund, President and CEO of the Grand Forks Region Economic Development Corporation. “Adding new skills and talent to the Grand Forks UAS ecosystem further establishes our region as the national leader in the industry. The EDC is proud to support the continuing expansion of the UAS sector through Pitch Day.'”