Incident report.The Gyro was in it's last stages of test flying before registration.The aircraft took off and climbed at full power at approx 50 kIAS.At approx 300 feet power was reduced and aircraft set up for cruise climb.At that point a loud banging was heard from prop and it was noticed that engine RPM was droping.The engine was turned off and the gyro landed on the airfield cross strip.On examination it was discoverd that the the rotor tiedown strap had come out of it's holder and gone back into the prop.Damage to the aircraft included radiator,prop,and gearbox torn from it's mounting's.Cause of incident,Pilot error.Image Insert:
69.42Â KBPhoto pre incident.M Barker

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