Balloon Fiesta Pitch Competition Brings Attention, Funding to NM Startups
October 22, 2019 – Perspective Components Inc. won the first-place, $10,000 prize at ABQid’s Balloon Fiesta Pitch competition, offering a gusty boost for what the local startup calls the smallest gimble in the world today.
Perspective Components was one of eight New Mexico-based startups that pitched products and services Oct. 3 to local and out-of-state investors at the ABQid business accelerator’s second annual balloon pitch event. The investors judge the pitches at the competition, which is exclusively limited to local startups to offer them exposure and networking opportunities to help lift their sails, apart from cash prizes that include $1,500 for second place and $500 for third.
The first-place winner also gets a free balloon ride in the Albuquerque International Balloon Fiesta’s first mass ascension during opening weekend.
Perspective Components breezed to first place with a novel design for gimbles that it says can immensely improve the efficiency of smartphone cameras and imaging systems for small drones.
Gimbles are pivoted support systems that allow something to rotate on a single axis, holding the object, such as a camera, firmly in place despite turbulence, yet still permitting it to move in many directions. Today’s rotational camera systems use gimbles to keep them sturdy but flexible, integrating hardware for the gimble itself with software for remote control on things like drones.
Perspective Components created a tiny gimble system to firm up smartphone camera stability, paving the way for much more quality photos and videos, said company co-founder and CEO Erik Strobert, a University of New Mexico chemical engineering graduate…