SYRACUSE, N.Y. — CenterState CEO has announced the six finalists in the second installment of Genius NY, a business-accelerator program at CenterState CEO’s Syracuse Technology Garden.
The six teams were chosen from among 16 competition semifinalists that the organization announced last month.
Genius NY stands for Growing ENtrepreneurs & Innovators in UpState New York.
The announcement of the finalists was part of an event dubbed, “Innovation Celebration” held Tuesday at the CNY Biotech Accelerator at 841 E. Fayette St. in Syracuse, CenterState CEO said in a news release issued Wednesday.
Those attending included upstate New York investors, community leaders, and program partners.
The finalists will move into the Tech Garden in January to begin competing for $3 million in prizes. The companies, which are developing “innovations” in unmanned aircraft systems (UAS), were selected from an original pool of more than 250 submissions.
The six finalists include a team from Central New York, a team that is co-founded by a woman, and a team from outside the U.S., CenterState CEO said.
Each of the finalists will begin the program focused on “enhancing” their business plan. All six teams will pitch their technologies at an event in April to a panel of judges and audience of more than 200 people.
The teams will be competing for one of three grand-prize investments: $1 million, $600,000, and $400,000. The remaining three runner-up teams will each receive a $250,000 investment.
The finalists
The CenterState CEO provided the following descriptions of the six finalists selected for Genius NY 2.0.
Contact Reinhardt at ereinhardt@cnybj.com
PHOTO CAPTION: CenterState CEO has announced six finalists in the second round of the Genius NY business-accelerator competition. The teams will be competing for one of three grand-prize investments, including $1 million, $600,000 and $400,000. The remaining three runner-up teams will each receive a $250,000 investment. (Eric Reinhardt / BJNN file photo)
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