URGENT ACTION - FAA ruling jeopardizes future of America’s commercial UAS industry
The FAA has filed a potentially legally binding “Interpretation of the Special Rule on Model Aircraft” in the Federal Register. This filing poses a significant risk to the UAS industry as it severely impacts the research and commercialization activities of all its participants. If it remains unchallenged, it will create a mandatory keyhole through which the entire commercial UAV and UAS sector will be forced to pass, and the FAA will hold the exclusive key.
On August 22, 2014, the UAS America Fund, in coordination with four other UAS industry companies, filed a legal challenge to the FAA’s interpretation in federal court via a Petition for Review. The Petition can be viewed here, and our Press Release can be viewed here.
Broad industry backing will continue to be extremely helpful. If you or your organization want to assist with this effort, we are seeking support by way of three different options, detailed in the summary of the petition program document here.
Please respond to email@example.com if you are interested in assisting.
The UAS America Fund, NEXA Capital Partners, and The Drone User Group Network Announce Winners of the $10,000 Drone Social Innovation Award
Washington DC -- The Drone User Group Network (DUGN), NEXA Capital Partners, and the UAS America Fund have announced the winners of the Drone Social Innovation Award, a cash prize for the most socially beneficial, documented use of a low cost drone. Through this initiative, the DUGN hopes to spur innovation, investment, and attention for the positive role that civilian drone technology can play in society.
Full press release can be viewed here.
The unmanned aerial vehicles (“UAV”) and systems (“UAS”) industry has reached an inflection point. Products and technologies are rapidly transitioning from government applications into a wider array of commercial uses, much of this investment on the financial backs of industry players and innovative entrepreneurs. The race is on to establish new applications and markets, all the while in the absence of a favorable regulatory environment and underscored by adverse economic conditions and limited budgets. America has much at stake in responding to the challenges facing commercialization.
The UAS America Fund, LLC (“UAS Fund” or the “Fund”), incorporated in April, 2014, was established to provide over $2.2 billion in financing to benefit the emerging commercial UAS sector of the U.S. aerospace industry. The UAS Fund will draw 100% of its funding from private sector sources and expects the U.S. Congress to provide backstop treasury loan guarantees to assist with commercial debt programs. The UAS Fund will financially support projects related to developing required technologies, building supporting control and communications (C2) infrastructure, and equipping civil and commercial unmanned aircraft with communications, surveillance, navigation, and other avionics equipment. With the funding in this form of Public Private Partnership (PPP) model coming from non-government sources, the UAS Fund has financial backing from aerospace companies and investment groups that will bring both capital and experience to the project.
Additional details on the UAS America Fund can be found here.
By investing in UAS control and communications systems, as well as UAV development and integration efforts nationwide, UAS Fund plans to unlock the full benefits of UAS commercialization, economic development and job creation in the United States of America. UAS Fund will partner with aerospace companies, Congress, states and local governments to accelerate UAV deployment in America’s most promising regions and locales. With effective industrial partnerships and unmanned system user input, the private sector can alleviate the strain on public budgets while also delivering key infra-structure systems to those locales most ready to serve a new commercial industry bringing attractive jobs and economic activity.
AUVSI’s findings show that in the first three years of integration more than 70,000 jobs will be created in the United States with an economic impact of more than $13.6 billion.
U.S. DoD investments will continue at sustaining levels as UAVs create a force multiplier effect in tough budget times
U.S. commercial and competitive environment today is characterized by:
- Over 9,000 companies, pursuits, dreams
- Demand for commercial solutions is currently dominated by agriculture, wildlife preservation, etc.
- No direction or regulation - “The Wild West”!
Total Employment Impact in the U.S.
2015 - 2025
Total Spending and Economic Impact in the U.S.
2015 - 2025