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GENIUS NY hosted a final pitch event for its round one teams. The Innovation Celebration event held at the CNY Biotech Accelerator in Syracuse brought together upstate investors, community leaders and program partners, and was sponsored by The Tech Garden, Upstate Venture Connect and Upstate Capital Association.
“The GENIUS NY competition is paving the way to help to ensure that forward-thinking UAS companies stay in Central New York, create jobs, and establish the region as a global hub for emerging technologies,” said Howard Zemsky, Empire State Development President, CEO & Commissioner.
Any investments the six first round teams are awarded during the final pitch will further advance the success they have already achieved. When the first round of the program ends later this month four of the six teams will remain in Syracuse to continue operations and growth.
“To date this program has achieved two important goals; provide the necessary resources for high-potential startups in the UAS sector to grow in Central New York and want to stay, and advance the region’s profile as an industry leader,” said Rob Simpson, president of CenterState CEO. “We know we have the ability to attract and drive new company growth in this sector and look forward to replicating this success in the program’s second round.”