RIDGEFIELD, Conn. - TelAve -- Target Arm Inc., a pioneer in autonomous drone launch and recovery systems, proudly announces its dual victory at the Harvard Alumni Entrepreneurs (HarvardAE) Accelerator 2025 Demo Day. The company secured both the Judges' Choice and Audience Choice awards, distinguishing itself among a competitive cohort of innovative startups.

"From day one, Target Arm felt like a glimpse into the future," said Regina Ryan, President of Harvard Alumni Entrepreneurs. "They're not just building breakthrough tech, they're laying down the backbone for how entire industries will move, connect, and operate. It's bold, it's smart, and it's exactly the kind of game-changing thinking we need right now."

The HarvardAE Accelerator powered by Pegasus Tech Ventures, is a prestigious ten-week, equity-free program designed to propel early-stage, alumni-founded ventures. Participants benefit from personalized mentorship, expert-led workshops, and a global network of peers and investors. The program culminates in a Demo Day, where startups present their refined business models to a panel of esteemed judges and a broad audience.

"It's a phenomenal honor to have been selected as both the Judges' and Audience's choice at the HarvardAE Accelerator Demo Day," said Jeffrey McChesney, CEO and Founder of Target Arm. "Competing alongside such a distinguished group of entrepreneurs was inspiring. The accelerator's caliber—its speakers, mentors, and structure was second to none. Special thanks to Bill Reichert of Pegasus Tech Ventures for his visionary leadership, and to Regina Ryan and Carolina Stewart for orchestrating an exceptional program."

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McChesney also expressed gratitude to lead mentors Jon Langbert and Soner Baburoglu, stating, "Their guidance was instrumental in honing our message and strategy. Soner's visit to our Connecticut lab exemplifies the dedication and support we received."

As a result of this achievement, Target Arm has been automatically selected to participate in the Startup World Cup's All-Harvard Regional Final in Boston on September 5, 2025. A victory there would advance the company to the global finals in San Francisco October 15–17, 2025, competing for a $1 million investment grand prize.

About Target Arm Inc.

Target Arm is at the forefront of AI-powered drone launch and recovery systems, redefining what's possible for on-the move operations. Combining advanced robotics with precision localization and cutting-edge AI software, the company offers groundbreaking solutions forboth military and commercial markets. As a recognized innovator and graduate of the Air Force Accelerator Powered by Techstars, Endless Frontier Labs and the Harvard Alumni Entrepreneurs Accelerator Powered by Pegasus Ventures, Target Arm continues to push the boundaries of what's possible in autonomous mobility. https://www.targetarm.com

About Harvard Alumni Entrepreneurs

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Harvard Alumni Entrepreneurs (HarvardAE) is a global non-profit with 22 chapters and a network of over 20,000 alumni, faculty, students, and friends. Committed to fostering innovation and entrepreneurship, HarvardAE offers a range of programs, including its Accelerator, the HarvardAE Academy with 23 short courses, bootcamps, pitch competitions, events, a top-rated podcast - HAE Invites, and initiatives like the Council for Women Entrepreneurs. Learn more at www.harvardae.org.

About Pegasus Tech Ventures

Pegasus Tech Ventures is a global venture capital firm based in Silicon Valley, managing over $2 billion in assets. It provides strategic and financial capital to emerging tech companies and offers a unique Venture Capital-as-a-Service (VCaaS) model for corporations like ASUS, SEGA, and Marathon. Pegasus has invested in 250+ companies, including SpaceX, Airbnb, SoFi, and DoorDash. It also founded Startup World Cup, a global competition spanning 70+ countries, awarding a $1 million investment prize. Learn more at www.pegasustechventures.com.