Selected Teams from Around the World Will Compete for a Total of $3 Million in Investments and Participate in Yearlong UAS Accelerator in CNY Program is supported by “CNY Rising” the region’s comprehensive strategy to revitalize the community and grow the economy Empire State Development (ESD) today announced the five teams selected to take part in round seven of the innovative GENIUS NY business accelerator program. Supported by the CNY Rising Upstate Revitalization Initiative and administered by CenterState CEO and The Tech Garden in downtown Syracuse, these startup, uncrewed systems industry companies will participate in a yearlong program. The five finalists include teams with international and New York state representation and were selected from a pool of more than 450 submissions. They will compete for $3 million in direct investment, with one grand prize of up to $1 million and four $500,000 awards. The program is the largest business accelerator for the UAS industry in the world. GENIUS NY participants are required to commit to operating their business in Central New York for at least one year.
“The GENIUS NY accelerator has helped to establish Central New York as a hub for uncrewed aerial systems by attracting the next generation of innovative entrepreneurs,” said, Empire State Development President, CEO & Commissioner Hope Knight. “New York State’s ongoing UAS investment will ensure that continued industry leadership, bringing top-quality jobs and growth to the region and beyond.” Starting July 12, the five selected companies will move into downtown Syracuse where they will begin to refine work on their business cases, which they present at the Pitch Finals event on Wednesday, Oct. 4, 2023. Kara Jones, director of GENIUS NY, said, “This round’s teams bring an exciting new mix of technologies being developed in the uncrewed systems space,” said Kara Jones, director of GENIUS NY. “We are excited for their arrival in Central New York in just a few short weeks, and to work with them over the coming year as they connect with local businesses and partners on strategic opportunities for collaboration and growth. Our goal is to not only support startups so they succeed in the UAS industry, but so that they can do so right here in our region, well after their participation in the program.” We've moved! But this is only temporary. Preparations for The Tech Garden building expansion at 235 Harrison St. are underway. While we wait for our amazing new space to be built out, The Tech Garden will be housed at Equitable Tower 1 on the 8th floor. For more information and details, visit our dedicated page for updates.
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