Governor Cuomo has announced $10 million in additional funding to support two new rounds of the innovative GENIUS NY business accelerator, the world's largest unmanned aircraft systems competition administered by CenterState CEO and located at The Tech Garden. The program, extended through 2021, will now host rounds four and five.
GENIUS NY Attending Two Major Events - Commerical UAV and Boston's Hubweek
GENIUS NY Round 3 applications have been extended two weeks. The applications will now close on Sunday, October 14, 2018 at 11:59PM EST. GENIUS NY will be attending two major events in the next two weeks which is why the application period has been extended.
Governor Andrew M. Cuomo recently announced that New York's ongoing investment in the growing Unmanned Aircraft Systems industry in Central New York and the Mohawk Valley is expected to create at least 200 local jobs and $39.5 million in private investments. Six companies—including two international firms—have committed to creating opportunities in both regions following the state's $30 million investment to support and develop the nation's first-of-its-kind 50-mile flight traffic management system located between Syracuse and Griffiss International Airport in Rome.
By 2027, the drone logistics and transportation market is projected to grow to $29.06 billion. With such tech giants like Google, Amazon and Walmart already developing and testing their own drones, taking deliveries to the skies will be the largest opportunity in this market. GENIUS NY finalist, TruWeather Solutions, is one company looking to make a significant impact on the future of drone delivery.