Five Teams from Around the World to Receive a Total of $3 Million in Investments and Participate in Year-Long Accelerator in CNY
Empire State Development (ESD) today announced the five finalists selected to take part in the fourth round of GENIUS NY, a business accelerator program administered at CenterState CEO’s Tech Garden. These startup drone and Internet of Things (IoT) companies will participate in the year-long program as they compete for a total of $3 million in direct investment, including a grand prize of $1 million and four $500,000 awards. Throughout the program, teams will engage with community leaders, mentors, and advisors from leading companies in Central New York, while also participating in tourism activities. The goal is to encourage all participants to put down roots and stay in the region following the conclusion of the program.
This week GENIUS NY teams at The Tech Garden got to present their companies to high school students from Syracuse P-TECH, a specialized high school housed at the Public Service Leadership Academy at Fowler which offers programs of study in either Remotely Piloted Aircraft Systems or Computer Information Systems.
Syracuse – GENIUS NY, a business accelerator program at CenterState CEO’s Tech Garden, announced 19 teams as semi-finalists in the competition’s fourth round. The companies, which are developing innovations in the unmanned aircraft systems (UAS), internet of things (IoT) and big data industries, were selected from a highly-competitive pool of more than 400 submissions. Of the 19 semi-finalists, five are international teams representing Israel, United Kingdom, Australia, Portugal and Switzerland. Additionally, four teams are from Central New York.
SkyOp LLC, developer of industry-leading drone training courseware, announced that it has been awarded a cooperative purchasing contract to make its customizable SkyOp Drone Training Curriculum available to local school districts through the New York Boards of Cooperative Educational Services (BOCES).
Investments Validate the Program and Support the Region’s Growing Ecosystem
Five startups in the GENIUS NY accelerator, AutoModality, Civdrone, Fotokite, OmniMesh and TruWeather Solutions, have raised over $10 million in additional private investment. This follow-on-funding validates the investments the GENIUS NY program has made in unmanned aerial systems (UAS) technologies and startups over the last three years, and proves the program’s ongoing impact in Central New York. GENIUS NY is supported by Central New York Rising which advances the regions’ collective strategy to create ecosystem of resources for companies in the UAS industry.
Civdrone recently announced that it has raised $500,000 from New York-based firm ff Venture Capital. The Israeli company, which has raised $1.5 million pre-seed round, is part of the GENIUS NY accelerator and Infralab construction tech innovation lab in Israel.
Craig Marcinkowski named Senior Vice President of Strategy and Business Development for startup Fotokite.
Applications for 2020 Cohort Expanded to Include Key Industry Segments
PreVision Corp’s Advanced Products Laboratory, Transparent Sky, Receives $1 Million Contract with The National Geospatial Agency to Improve Live 3D Maps
PreVision Corp is working towards a world where users of its technology can see the world around them in full immersive real-time 3D, just like video gamers do today.
TruWeather Solutions, Inc., a micro weather data and analytics company successfully raised a Series Seed investment from Kluz Ventures, through its The Flying Object and The Next Impact funds. This investment will fuel the enhancement and market penetration of its first product, TruFliteUAS. TruFliteUAS is a micro weather data and business-focused analytic cloud service for the rapidly expanding commercial Unmanned Aircraft Systems (UAS) and drone industry.