Today Parallel Flight Technologies (www.parallel.aero) announced that they have successfully flown their novel parallel hybrid multirotor for the first time. The patent-pending technology will allow multi-rotor drones such as quad-copters to fly for hours while carrying their own mass in payload. Parallel anticipates a 10X improvement over all-electric systems in terms of flight-time while carrying a heavy payload. The company is planning on deploying the technology for firefighter support, rural unmanned logistics, and agricultural applications.
In its maiden flight, Parallel’s UAV lifted a couple of heavy duty chainsaws, which will not be an uncommon delivery while fighting a fire in the middle of a remote forest.
“We’re very excited that our prototype is finally off the ground and proving to be every bit as effective for payload and duration as we imagined it in our drawing board. We are also excited to be kicking off joint demonstration missions with our early partners in 2020. We, as a company, are ready to move to the next phase.” Said Joshua Resnick, CEO of Parallel Flight Technologies.
Parallel is also kicking off an equity crowdfunding campaign with Startengine. “We are very excited about the opportunity for the public to invest in a solution that will save lives, property, and the environment.” Joshua said.
The campaign can be accessed at https://www.startengine.com/parallel and includes a video of the team and the aircraft in action.
Parallel Flight Technologies anticipate their first commercially available aircraft to be in beta programs with customers in late 2020.
SEASIDE, Ca., October 31, 2019 – California State University, Monterey Bay’s (CSUMB) Institute for Innovation and Economic Development (iiED) is set to host the 8th annual Startup Hackathon at CSUMB’s University Center from Nov. 1-3, 2019. This year’s theme is “Smart Cities: Build tech to make our communities smarter and safer.”
Teams of students and community members will begin the competition on Friday evening and work until Sunday afternoon to identify challenges, create solutions and compete for the most innovative solutions to improving our communities. The iiED has partnered with Monterey Bay DART for this year’s Hackathon as DART will support teams that use drones, automation and robotics technologies to build their solutions.
The competition will begin Friday, November 1, at 5 p.m. and culminate with a public event showcasing the final projects on Sunday, November 3 from 2-5 p.m. Media is invited and encouraged to attend and should contact Brad Barbeau to coordinate any interviews.
This year’s Hackathon is hosted by iiED and CSUMB’s School of Computing and Design. Startup Hackathon is supported by sponsorship from the Fort Ord Reuse Authority (FORA), Cabrillo College, Hartnell College and CalGE. The Institute for Innovation and Economic Development (iiED) focuses the resources of CSUMB, other regional institutions, successful entrepreneurs and other regional resources to build and support the Monterey Bay entrepreneurial ecosystem.
California State University, Monterey Bay provides more than 7,600 students an extraordinary opportunity to learn on a residential campus on the beautiful Monterey Peninsula. Our diverse student body receives personal attention in small classes while pursuing degrees in 25 undergraduate and nine graduate majors. Founded in 1994 on the former site of Fort Ord by educators and community leaders, CSUMB faculty and staff build on that legacy as we explore innovative ways to meet the needs of a new generation of students while simultaneously powering the Monterey County economy.
SEASIDE, Ca., October 15, 2019 – California State University Monterey Bay (CSUMB) has been selected to receive funding from the U.S. Department of Commerce’s Economic Development Administration (EDA) to help fund a new virtual startup incubator designed to serve entrepreneurs in Monterey, San Benito and Santa Cruz Counties.
Department of Commerce EDA Project Number: 07-79-07517/113182.
Read the full article here.
October 10, 2019 — Seaside, CA
Annual event connects start-ups to investors but also attracts students and others who are curious about entrepreneurship
Now in its third year, the Startup Investment and Community Capital Expo may have just outgrown its home at the Monterey Bay Embassy Suites. Ballrooms, hallways, and lobbies were abuzz with over 200 people attending a variety of panels and presentations on September 27, 2019 in Seaside). The annual Expo, organized by CSUMB’s Institute for Innovation and Economic Development, tries to help local start-ups by connecting them to investors. But the annual event also attracts students and others who are curious about what entrepreneurship is all about.
As seasoned investor and keynote speaker Nick Zaldastani explained, start-ups begin with a problem and a solution. He exhorted entrepreneurs to stay focused, invoking an image of a dandelion growing through the pavement on an airport runway. One seemingly small, focused effort can disrupt a large, established system. In this day and age of fraudulent “unicorns ”– privately-held firms worth over a $1 billion — Zaldastani stressed that integrity and transparency are the most important things he looks for as an investor.
Read the entire article on Santa Cruz Tech Beat
SEASIDE, Calif., August 27, 2019
SEASIDE, Calif., August 27, 2019 – California State University, Monterey Bay’s (CSUMB) Institute for Innovation and Economic Development (iiED) is set to host the 2019 Startup Investment & Community Expo on September, 27, 2019 at the Embassy Suites in Seaside.
The goal of this community expo is to provide businesses, investors, chamber of commerce members and the larger Monterey Bay community a forum for connecting local and regional startup and emerging business projects to investors and other sources of funding.
Read the entire article here
Listen to the coverage of this event now.
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Charge City, a proposal by Middlebury Institute student Erin Lannon MAIEP ’19 for a turnkey charging solution for electric vehicles, recently won the Student Division of the 10th annual Startup Challenge Monterey Bay, beating out two other finalists to take home first prize of $1,500 in seed money.
“Winning the StartUp Challenge was exhilarating and rewarding!” said Lannon. “The Charge City idea came to me a few months ago and I was able to fine tune my idea through Professor Jeff Langholz’s Green Business Feasibility Assessment class.” The International Environmental Policy student envisions transforming small and medium-sized business parking lots into Electric Vehicle Charging Stations (EVCS), with the goal of installing two to 10 charging stations per location. The business model employs incentives offered by the State of California to offer businesses zero-cost-down charging station installations. “Over the summer I plan to incorporate, raise seed capital and launch a pilot at a medium sized business in Santa Ana, Orange County. I’ll be running on the lean start-up model with the goal of scaling in 2020.”
Read the entire article here.
By Aliza Hava
Founder & CEO of Musician’s BASS – Business Administration Software for Success
Special to Santa Cruz Tech Beat
May 21, 2019 — Seaside, CA
Aliza Hava wins the top award for “Excellence in Innovation, Entrepreneurship, and Commercialization” at The Startup Challenge. Here’s the backstory.
Two years ago I had an idea for a platform that would help independent musicians manage their careers more effectively. After touring the world as an independent singer/songwriter for nearly a decade, working with multi-platinum, Grammy-winning producers, and having my songs included on soundtracks with the likes of Jackson Browne, Ani DiFranco, and Lucinda Williams, I found that despite my achievements, I was having trouble earning a sustainable income. I began to research online music marketing techniques and signed up for every DIY music platform available. But after using many of these tools for some time, I discovered that most of what’s out there falls short of what’s actually needed to manage my workflow, break through the noise, and make a living in the now digitally-driven music industry.
Read the rest of the article here!
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