Having completed the Incubate program, Iridium Dynamics is moving into the Australian Technology Park Innovations centre (ATPi). With world-class mentors, and large lab facilities, we'll be accelerating the development of our prototype aircraft, and fine-tuning the business model.
After 14 grueling weeks, Ian pitched to a full house of entrepreneurs, mentors, investors, and industry representatives. The 5-minute pitch focused on the lack of tools available for crop farmers and graziers to inspect their large farms on a regular basis, in a cost effective manner. Autonomous UAVs operated by farmers are more economical than paying for the services of manned aircraft of expensive UAV operators, and daily flights with a high-performance UAV give more regular and higher resolution data than satellites.
The remainder of the talk described the technology behind the highly-efficient aircraft, the market opportunity, and the business plan.
Today Iridium Dynamics joined the Incubate accelerator at The University of Sydney, Australia. We're excited to be a part of this 3-month program, and look forward to developing our drone business in a well-respected university incubator.