ALBANY, N.Y. — Companies from East Syracuse, Ithaca, Binghamton, and Geneva are among 12 finalists for the FuzeHub commercialization competition at the upcoming New York State Innovation Summit.
FuzeHub selected finalists for the seventh annual competition, which is set for Oct. 16-17 at the Saratoga Springs City Center. Albany–based nonprofit FuzeHub supports small and medium-sized manufacturing companies in New York state.
The competition happens yearly as part of the Empire State Development (ESD)-supported FuzeHub Jeff Lawrence Innovation Fund.
A dozen entrepreneurs from across the state will pitch before a panel of judges and a live audience for the chance to win $50,000, and one company will receive the $150,000 grand award.
During the Summit, finalists will demonstrate the commercialization potential of their product or technology and compete against each other for one out of seven awards. Those securing funding awards must use them to improve an existing prototype, enabling the company to “pursue additional investments and customers, and leading to the commercialization of their product,” FuzeHub said.
“The Commercialization Competition speaks to the core mission of FuzeHub,”Elena Garuc, executive director of FuzeHub, said in a news release. “We love to work with startups, and the Competition brings a lot of enthusiasm to the Summit. These companies have worked hard to get here, so I would also like to acknowledge their path thus far and wish them all good luck during their pitches.”
Regional finalists
FuzeHub provided brief descriptions of the finalists and the product they’re working to commercialize. They include the following:
OSWEGO, N.Y. — Oswego Health says it had the system’s first robotically assisted surgery using…
JOHNSON CITY, N.Y. — Tioga State Bank (TSB) will open a new branch in Johnson…
UTICA, N.Y. — A report by the Oneida County Childcare Taskforce made a number of…
ITHACA, N.Y. — Cayuga Health System (CHS), based in Ithaca, and Cancer Resource Center of…
DeWITT, N.Y. — MACNY, the Manufacturers Association will use a $6 million federal grant to…
SYRACUSE, N.Y. — The Syracuse Housing Authority (SHA) and the City of Syracuse will use…