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If you’re a startup in uncrewed systems, IoT, big data, or robotics then the GENIUS NY program needs to be on your radar. GENIUS NY – the world’s largest business accelerator focused on uncrewed aircraft systems (UAS) – is looking for the five teams which will participate in the sixth round of the year-long program. The in-residence accelerator, operated out of Syracuse, New York will invest more than $3 million in five finalist companies, including a $1 million grand prize, this year.
The program has an incredible track record of success. Since 2017 GENIUS NY has invested more than $15 million in 26 startup companies who have gone on to raise more than $90 million in follow-on funding and scale and grow operations.
Its secret sauce is the ability to combine high value investments in companies at the beginning of the program while also offering participants industry mentors, stipends, resources, programming and networking opportunities.
Additionally, teams have direct access to the region’s hi-tech ecosystem that consists of emerging UAS technologies, 5G, quantum computing, artificial intelligence, autonomy and more.
Since the region is also home to a globally leading UAS ecosystem, teams benefit from expertise in UAS operations, research and integration; they can utilize assets like the New York UAS Test Site at Griffiss International Airport (one of seven FAA designated test sites in the country); and the 50-mile beyond visual line of site test corridor that facilitates UAS testing and commercial drone operations.
Past participants were all to ready to share the impact the program has had on their companies and growth trajectory. Round five winner, Airtonomy received the top prize of $1 million in October 2021. The company has been accelerating rapidly and partnered with several local providers and customers. They continue to hire in Syracuse and work with other local UAS organization and companies.
Likewise, round two winner, Fotokite, with headquarters in Zurich, Switzerland, now employs 12 people in Syracuse and has been rapidly growing each month. It recently announced plans to expand its U.S. operations including increasing sales, business development and manufacturing capacity.
If you have been thinking about applying, you better act fast. Applications are being accepted at www.geniusny.com only through May 31. Tech startups focused on uncrewed systems, IoT, big data, and robotics as well as those with subsets that include precision and remote sensing, smart city applications, data collection and analytics, guidance or communication systems, and sensors, among other technological categories are encouraged to learn more at www.geniusny.com.
All applications are evaluated by a panel of judges, and semi-finalists will be selected to present demos and pitches this summer. Five companies will advance to participate in the competition, which is structured as a unique programmed incubator and accelerator experience. The selected teams will enter the in-residence accelerator in Syracuse, New York summer of 2022 and will be immersed in The Tech Garden incubator's events, resource pool, and mentoring. Applicants should be prepared to relocate to Syracuse, NY to participate in the program starting in August.