SYRACUSE, NY – GENIUS NY – one of the world’s largest business competitions focused on unmanned systems – is seeking woman-owned startups to participate in the second round of the year-long business accelerator. The program will invest nearly $3 million in six finalist companies, including three grand prizes valued at up to $1 million, $600,000 and $400,000. Applications are currently being accepted from entrepreneurs and early-stage businesses focused on unmanned systems, hardware, software and analytics through October 1, 2017.
“As we see women emerging in leadership positions throughout the engineering and innovation fields, we want to encourage the drone industry to continue this effort,” said Jonathan Parry, director of GENIUS NY. “We know there is a great deal of women-led innovation and talent in this space in particular, and with the current cohort of companies from round one all led by men, GENIUS NY would love to see more women entrepreneurs join this growing competition. ”
The business competition targets companies in the unmanned aerial, ground, and marine systems and cross-connected platforms sectors. Subsets may include precision and remote sensing, data collection, guidance systems, communication systems, sensors, and data analytics among other technological categories.
Applications will be evaluated by a panel of judges and 12 semi-finalists will be selected to present demos and pitches this fall. Six companies will advance to participate in the competition, which is structured as a unique programmed incubator and accelerator experience. These six teams will enter the in-residence accelerator at CenterState CEO’s Tech Garden, and will be immersed in the incubator’s events, resource pool, and mentoring. Participants are required to operate their business in Central New York for one year during the competition.
GENIUS NY, which is funded by Empire State Development in a model similar to Buffalo’s highly successful 43North program, and administered by CenterState CEO, invests more than $3 million in six companies over the course of the year-long competition – making it the largest business accelerator competition for the Unmanned Aerial Systems industry in the world. The advancement of the GENIUS NY program builds on the progress of CNY Rising, the region’s award-winning strategic plan to generate robust economic growth and community development. The program also offers company stipends, housing, resources, programming and networking opportunities.
To apply and learn more about GENIUS NY visit, www.geniusny.com. Applications are accepted until October 1, 2017.
About GENIUS NY
GENIUS NY is an in-residence business accelerator program at The Tech Garden in Central New York that goes beyond substantial direct investment. In addition to three grand prizes of up to $1 million, $600,000 and $400,000, the program also offers company stipends, housing, resources, programming, and connections, making it among the largest competitions of its kind across the globe. The program is made possible by $5 million in funding support provided by Empire State Development, New York State’s chief economic development agency.
About CenterState CEO
CenterState CEO is an independent and forward thinking economic development strategist, business leadership organization and chamber of commerce; dedicated to the success of its members and the prosperity of the region. We serve as an advocate and resource for smart business, catalyze and facilitate regional growth, and promote community prosperity through results-driven partnerships, planning and problem-solving. www.centerstateceo.com