AlgoFace, a Face AI startup that accelerates innovation through
computer vision has been awarded a U.S. National Science Foundation
(NSF) Small Business Innovation Research (SBIR) grant for
$275,000. The grant will be utilized
in conjunction with two of AlgoFace's patents to conduct research
and development (R&D) on their Face Analyzer/Semantic Search
technology, an AI-based system that can locate facial attributes in
photos via descriptive text searches without requiring a probe
photo.
CAREFREE, Ariz., May 1, 2024
/PRNewswire-PRWeb/ -- AlgoFace, a Face AI startup that accelerates
innovation through computer vision has been awarded a U.S. National
Science Foundation (NSF) Small Business Innovation Research (SBIR)
grant for $275,000. The grant will be
utilized in conjunction with two of AlgoFace's patents to conduct
research and development (R&D) on their Face Analyzer/Semantic
Search technology, an AI-based system that can locate facial
attributes in photos via descriptive text searches without
requiring a probe photo.
Unlike traditional face recognition systems
that rely on a probe photo for matching, AlgoFace's technology
eliminates this need, improving efficiency, reducing costs, and
enhancing privacy.
Unlike face recognition systems that rely on a probe photo for
matching, AlgoFace's technology eliminates this need, improving
efficiency, reducing cost, and enhancing privacy. Focusing on
facial analysis, this technology steers clear of traditional
identification and paves the way for innovative applications in
national security, law enforcement, building safety, video search,
digital asset management, spatial analytics, programmatic media,
and more. By emphasizing ethical development, AlgoFace's approach
reduces legal, and other risks, while enhancing transparency.
"NSF accelerates the translation of emerging technologies into
transformative new products and services," said Erwin Gianchandani, NSF Assistant Director for
Technology, Innovation and Partnerships. "We take great pride in
funding deep-technology startups and small businesses that will
shape science and engineering results into meaningful solutions for
today and tomorrow."
"Our team is very excited to have been awarded this grant. It
was especially gratifying to be able to utilize non-dilutive
Federal funds to further the development of our patent-protected
technology," states Randy Gustafson,
VP of Partnerships, Innovation & Government at AlgoFace.
All proposals submitted to the NSF SBIR/STTR program, also known
as America's Seed Fund powered by NSF, undergo a rigorous
merit-based review process. Once a small business is awarded a
Phase I grant, it becomes eligible to apply for Phase II funding
and additional supplements totaling up to $2
million. To get started, startups or entrepreneurs submit a
written Project Pitch to see if their technology idea could be a
good fit for the program. To learn more about America's Seed Fund
powered by NSF, visit: https://seedfund.nsf.gov/
NSF has several programs that help accelerate the translation of
research results to practice and provide pathways for researchers,
startups and aspiring entrepreneurs to move their ideas from the
laboratory to the market and society. To learn more about how NSF
helps unlock future technologies for national and societal impact,
visit: https://beta.nsf.gov/tip/latest.
About the U.S. National Science Foundation's Small Business
Programs
America's Seed Fund powered by NSF awards more than $200 million annually to startups and small
businesses, transforming scientific discovery into products and
services with commercial and societal impact. Startups working
across almost all areas of science and technology can receive up to
$2 million to support research and
development, helping de-risk technology for commercial success.
America's Seed Fund is congressionally mandated through the Small
Business Innovation Research program. The NSF is an independent
federal agency with a budget of about $9.5
billion that supports fundamental research and education
across all fields of science and engineering.
About AlgoFace
AlgoFace makes it easier to build and deploy trusted responsible
Face AI solutions. Our B2B & B2G Ethical Face AI Enablement
Engine leverages computer vision, machine learning, and generative
AI to power applied AI solutions that are capable of operating on
the edge. Featuring privacy by default and ethical AI frameworks,
our 2D facial landmark tracking, 3D face mesh, iris tracking, head
pose estimation, and hair segmentation offer enterprise-grade
solutions with accuracy, speed and minimal power requirements. Our
core Face AI Enablement Engine can be used to develop 2D and 3D
Face AI solutions across mobile, desktop, embedded systems, AR/VR,
and the Metaverse.
Media Contact
Jeffrey Freedman, AlgoFace, 1
4105753330, jeffrey@algoface.ai, https://www.algoface.ai/
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SOURCE AlgoFace