Interdrone is the largest commercial drone event in North America and is held in Las Vegas, NV every year. Last year, GENIUS NY received more than 100 applications at the show from early stage startups focused in UAS, automation and IoT.
This year, GENIUS NY will be located at booth 817 and be giving away free t-shirts and a chance at winning a new DJI Spark to any startup who applies to the program. The competition's application period ends October 1 and invests $3 million into five early-stage startups.
Let’s assume you have a good idea, and potentially a great business. Your startup is scalable and fundable—you’re prepared for quick growth. Understandably, you want to accelerate the development of your business.
One great way to flesh out your business plan, collaborate with top entrepreneurs, and receive constructive feedback, is to join an accelerator or incubator. But with hundreds of programs to choose from, selecting the right program is not an easy decision. Your startup will not benefit from any random accelerator. You need to be deliberate in your search.
Teams Will Now Compete for One of Five Investments; $1 million Top Prize and Four awards of $500,000 Each
GENIUS NY has implemented a new investment structure for round three of the innovative unmanned aerial systems (UAS) business accelerator. Five finalist teams will be selected from a pool of applicants to participate in the third round of this world-class acceleration experience in Central New York. A total of $3 million in direct investment funding will be awarded, with one grand prize of up to $1 million and four $500,000 awards. Previously, the program awarded three grand prizes of up to $1 million, $600,000, and $400,000 and three runner-up prizes of $250,000 with $250,000 available for follow-on funding. Doubling the investment for the finalist teams will provide them with an even greater opportunity to succeed and grow their business in Central New York.
AutoModality, a member of the inaugural GENIUS NY cohort and winner of a $1 million prize in 2017, is enjoying rapid growth over the past year. Their “perceptive navigation” solution uses unmanned systems to place drones in areas that would otherwise be difficult, dangerous or impossible to access – such as tunnels, bridges and warehouses. AutoModality’s innovative technology features the ability to follow terrain, sense and avoid obstacles, and track and recognize objects in real time. Their solution can also operate in GPS-denied environments.
The Tech Garden and Syracuse startup community are gearing up for three days full of entrepreneurial workshops, events and pitches. Paul Singh, Dana Duncan and the Results Junkies are in town from Tuesday, August 7 to Thursday, August 9. They will be visiting Tech Garden members, GENIUS NY teams, government leaders, economic development organizations and startup businesses. Singh and his team have visited 94 cities in the last two years and invested in more than 2,600 startups.
Stepping into a meeting to pitch your business and make ‘the ask’ to an investor can be intimidating. You’re wondering what they’re thinking, what they may ask, and ultimately when they’ll say no. Luckily, GENIUS NY recently held a panel on Investor Relations with three top investors in the startup and UAS space to help give advice and answer some of these aching questions and concerns. Here’s what we learned:
This week Airbus Aerial's CEO and Director of Flight Operations visited the GENIUS NY teams to learn more about their companies and give advice on business development, investor relations and help connect the teams with industry experts.
Akrobotix adds Dr. Morad Nazari as Director of Research and Development. Nazari’s experience will help Akrobotix expand their business into the aerospace industry. Nazari brings his vast background in Aerospace Engineering to the Akrobotix team.
Watch GENIUS NY finalist, Akrobotix on WCNY's SciTech Now showcasing how they are developing safe, reliable, autonomous, unmanned systems in Central New York.
GENIUS NY Round two teams have made significant growth and progress as part of the world’s largest business accelerator for unmanned systems. Just six months into the year-long program, three full-time employees and ten interns have been hired. These hires come just two months after the six teams received nearly $3 million in investments.