Space Florida and UCF Host CAT5 Awards Tuesday, June 3, 2014

May 29 • 664 Views • View Comments

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Top Tech Start-Ups Will Compete for $150,000 in Space Florida Awards

ORLANDO, Fla. (May 29, 2014) – Next week, representatives from Space Florida and the University of Central Florida (UCF) Office of Research and Commercialization (ORC) will host the “CAT5 Awards,” an event that will match financing sources with small, Florida-based, high-tech businesses. This event is open to the public, as well as Florida/trade media.

The “CAT5 Awards” (which stands for “Capital for the Acceleration of Technologies in early stage companies) will enable the 10 selected “finalist” companies to present their business models to venture capitalists, angel investors and strategic corporate investors that may have interest in supporting their businesses. These companies will also compete to receive one of two monetary awards totaling $150,000 – through Space Florida sponsorship.

The Top 10 finalists include:

  • Airways Assistance, LLC (Gainesville, FL) – pneumonia-related sensor systems
  • CyberFactors (New Smyrna Beach, FL) – cyber risk analytics
  • Helicon Chemical Company (Orlando, FL) – advanced fuels and propellants
  • HySense Technologies (Rockledge, FL) – detection of flammable/gas leaks
  • NanoPhotonica (Orlando, FL) – materials for flat panel displays/lighting applications
  • Lares Technology (Orlando, FL) – next-generation infrared systems
  • Paracosm (Gainesville, FL) – 3D modeling software and surveying system
  • ReliOx Corporation (Gainesville, FL) – antimicrobial and disinfectant products
  • RINI Technologies (Oviedo, FL) – meso- and microscale thermal management
  • SeaTorque Control Systems (Stuart, FL) –  hybrid, electric propulsion systems

All selected finalists will present at the Innovation Concourse of the Southeast (ICSE) Manufacturing and Safety event on June 3, 2014.

Prior to their presentations, the University of Central Florida’s Venture Accelerator matched finalists with expert mentors that will provide business strategy coaching leading up to the event.

“These types of events really promote the growth of Florida-based, high-tech businesses by enabling possible funding sources to hear their innovative business models,” said Space Florida President Frank DiBello. “We believe Space Florida’s additional financial award will provide the top two forward-thinking companies a little extra support as they grow their businesses.”

All CAT5 Awards applicants were required to pursue business models in one of Space Florida’s strategic target markets, to include: Space Transportation and Advanced Aerospace Platforms; Satellite Systems and Science Payloads; Ground and Operations Support Systems; Agriculture, Climate/Environmental Monitoring; Civil Protection and Emergency Management; ISS and Human Life Sciences (including medical research); Communications, Cyber Security and Robotics; Adventure Tourism; Clean/Alternative Energy Applications and Advanced Materials and New Products.

Over the past year, Space Florida and UCF received more than 80 applications for consideration in this competition.

For more information about next week’s event or to attend, visit


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