These startup drone companies will participate in the year-long program and will compete for a total of $3 million in direct investment, with one grand prize of up to $1 million and four $500,000 awards, CenterState CEO said in a news release.
Genius NY stands for Growing ENtrepreneurs & Innovators in UpState New York.
“We are excited to welcome these latest innovative entrepreneurs to Central New York for round three of the Genius NY competition,” Howard Zemsky, president, CEO & Commissioner of Empire State Development, said. “This unique contest supports UAS startups in developing the next-generation technologies that will further support the burgeoning drone industry in the region.”
The five companies will move into the Tech Garden in Syracuse in January to begin competing for $3 million in investments. The startups were selected from a pool of more than 350 submissions. Finalists include teams with international and regional representation.
“These companies were selected from an incredibly competitive pool of applications,” Rick Clonan, VP of innovation and entrepreneurship at CenterState CEO, said. “This year’s applicant pool and high-growth finalists are a reflection of the success of prior rounds and the program’s overall impact on participating teams. As round-three teams join the innovation ecosystem we have created at the Tech Garden, they too will benefit from a network of resources needed to rapidly grow their companies as previous participants have.”
The finalists
Here are the five finalists selected for Genius NY 3.0, as described by CenterState CEO:
Contact Reinhardt at ereinhardt@cnybj.com
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