Geopipe is proud to announce that we have been awarded the $1M top prize in the GeniusNY 2020 Accelerator Competition. This milestone empowers us to advance even faster in our mission to create the authoritative whole-Earth digital twin, built by AI. We’re grateful to the Genius coaches and mentors, the judges, and our fellow competitors for a fantastic experience.
Geopipe is awarded a $750,000 National Science Foundation (NSF) Small Business Innovation Research (SBIR) Phase II grant to commercialize its innovative technology. Geopipe uses AI to produce immersive digital twins of the real world for simulation, gaming, architecture, and beyond, and this grant will enable R&D to greatly improve the accuracy, detail, and realism of Geopipe's worlds.
Geopipe aims to make it possible for computers to understand every detail of the real world from raw sensor data, then turn that information into semantically rich 3D models.
Geopipe and its founders have been recognized as "SBIR/STTR Recipients of the Year" by the New York District office of the US Small Business Administration. The award is part of the celebration of National Small Business Week, an annual event that since 1963 has recognized the contributions and achievements of small businesses in driving the US economy. These awards are given nationwide, and also include recognition of women-led, immigrant-led, and young entrepreneur-led small business, among others.
“This is a great opportunity to recognize those small businesses that have contributed significantly to their local communities, developed creative products or made advances with innovative technologies,” SBA Administrator Linda McMahon said. “A National Small Business Week award is one of the nation’s highest honors for small business achievement. " As a small and growing business supported by the National Science Foundation, Geopipe is proud to represent what can be created by a passionate team, and honored to receive this distinction.
Small Business Innovation Research Program Provides Seed Funding for R&D
New York, NY, August 2, 2017 – Geopipe has been awarded a National Science Foundation (NSF) Small Business Innovation Research (SBIR) grant for $224K to conduct research and development (R&D) work on generating immersive virtual models of the real world.
Architects, video game designers, special effects artists, and many others need models of the existing world for their projects, but it is currently expensive and time-consuming to create or acquire these models. Geopipe is developing algorithms that can understand raw data about the world and turn it into complete, semantically rich 3D virtual models that professionals can download in an instant at a customizable level of detail.
“The National Science Foundation supports small businesses with the most innovative, cutting-edge ideas that have the potential to become great commercial successes and make huge societal impacts,” said Barry Johnson, Director of the NSF’s Division of Industrial Innovation and Partnerships. “We hope that this seed funding will spark solutions to some of the most important challenges of our time across all areas of science and technology.”
Geopipe's first formative year included a great deal of support from two programs, NYU's Summer Launchpad program and the NYC Media Lab's Combine accelerator. Therefore, it is with high hopes of continuing to push Geopipe forward that we have started the Techstars NYC program this week. From Techstars' new offices in the Flatiron District, we're looking forward to twelve productive weeks of product development, customer conversations, mentor guidance, and camaraderie with the other companies in our cohort. Among our major focuses is expanding our current closed beta program, so if you need virtual models of the real world for your architecture, urban design, video game design, or visual effects work, don't hesitate to get in touch with us.
We have found pitch events, panels, and conferences to be one of the best ways to expand our network, meet prospective mentors, and raise exposure for what we're doing. With that in mind, we were proud to be selected as semifinalists in the Propelify Innovation Festival 2017's Startup Competition in Hoboken, NJ on May 18, 2017. We spoke individually with four groups of investors and experts, and were selected as finalists. We therefore had the opportunity to pitch Geopipe on the "Stage of Wisdom" to an enthusiastic audience of the general entrepreneurship community. Many thanks to those who gave us helpful feedback and asked insightful questions during our time at Propelify.