AlgoFace, a pioneer in responsible Face AI solutions, is pleased to announce its selection as a grant awardee for the Arizona Federal & State Technology (FAST) partnership program by the Arizona Commerce Authority. The funds received from the FAST grant will be utilized to engage a consultant who will play a pivotal role in assisting AlgoFace in submitting a Small Business Innovation Research (SBIR) Phase I grant proposal to the National Institutes of Health (NIH). This grant proposal aims to harness AlgoFace’s Face AI technology to develop innovative MedTech solutions.
Commenting on this exciting development, AlgoFace CEO Andrew Bart stated, “The FAST Grant allows us to pursue our 2nd SBIR Phase I grant. We are excited about the opportunity to advance our technology in the MedTech sector. AlgoFace’s Face AI Analysis technology has the potential to revolutionize healthcare and improve patient outcomes. This grant allows us to accelerate the advancement of our mission to positively impact the world using our engine to power the world’s trusted Face AI solutions.”
AlgoFace’s technology simplifies the creation and deployment of trusted and ethical Face AI solutions such as Virtual Tryon, hyper realistic digital avatar enablement, and vital sign detection. Their core technology helps enterprise companies save time and money by accelerating time to market and mitigating compliance risks via privacy by default design standards.
About Arizona Commerce Authority (ACA):
The Arizona Commerce Authority (ACA) is Arizona’s leading economic development organization with a streamlined mission to foster the growth and strengthening of Arizona’s economy. Employing a three-pronged approach, the ACA focuses on recruiting out-of-state companies to expand their operations in Arizona, collaborating with existing businesses to facilitate their growth within Arizona and beyond, and partnering with entrepreneurs and companies of all sizes to create new jobs and ventures in targeted industries.
The ACA operates under the guidance of a distinguished public-private sector board of directors led by Arizona Governor Katie Hobbs. This board comprises prominent private-sector business leaders, university and community college presidents, and elected officials. The ACA’s executive management team oversees the day-to-day operations, ensuring a dedicated focus on attracting quality companies and jobs to Arizona. The team comprises top-tier professionals in economic development, management, and communications.
About the FAST Partnership Program:
The Small Business Administration’s Federal and State Technology (FAST) Partnership Program is tailored to support entrepreneurs and startups by offering programs that promote innovative, technology-driven small businesses. In collaboration with the Small Business Administration (SBA), the Arizona Commerce Authority (ACA) facilitates the FAST program within Arizona.
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 operate 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 accuracy and speed, with 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.