Applications taken for drone business competition

Posted 5/20/19

Applications are being accepted for Genius NY, the business competition focused on unmanned aerial systems and based in the central New York drone-development corridor between Rome and Syracuse. …

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Applications taken for drone business competition

Posted

Applications are being accepted for Genius NY, the business competition focused on unmanned aerial systems and based in the central New York drone-development corridor between Rome and Syracuse.

Applications are accepted through Oct.1 from entrepreneurs and early-stage businesses focused on unmanned systems, including unmanned aerial, ground, and marine systems; internet of things, and data-to-decision and cross-connected platforms sectors. Subsets may include precision and remote sensing, data collection and analytics, guidance or communication systems, and sensors, among other technological categories.

Applications are evaluated by a panel of judges, and 12 semi-finalists will be selected to present demos and pitches this fall. Five companies will advance to participate in the competition, which is structured as a programmed incubator and accelerator experience. These five teams will enter the in-residence accelerator at CenterState CEO’s Tech Garden in 2020, and will be immersed in the incubator’s events, resource pool, and mentoring. Participants are required to operate their business in central New York for one year during the competition.

​Finalists receive funding in the form of a monthly stipend, housing subsidy, office space and amenities, workshops, training, mentoring and opportunities for networking. All five teams also receive a large investment; top prize is $1 million followed by four $500,000 investments.

Application instructions are at geniusny.com.

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