Technology

Tech Startup Competition GENIUS NY Entering 3rd Year of Competition

The drone industry is one that is – quite accurately – just beginning to gross off. I’m writing to let you know about a actually exciting competition for drone enthusiasts and entrepreneurs interested in consuming their drone-based technology to take off into the business!

GENIUS NY, the world’s biggest business accelerator for drone and UAS-based startups, is gearing up for their 3rd annual competition.

Located in Central New York, GENIUS NY was ongoing in order to fuel the growth of innovative startup businesses in the drone industry.

To date, they’ve given out millions (and that’s no type-o, I mean MILLIONS) of dollars to exciting, groundbreaking drone businesses everywhere the world. This year, they’re prepared to dish out $1M to the highest team, as well as $500K to 4 separate runner-up teams.

“We have learned a lot through two rounds of this program and are in a situation, thanks to the unprecedented investments being made by New York state, to make adjustments to create better impact for the companies in the program and eventually the region’s unmanned industry cluster,” said Robert Simpson, president of CenterState CEO.

“We now know that teams want more immediate capital for manufacturing in the Central New York region, and additional funding to hire additional employees. The growths in awards will result in a bigger budget for companies to hire new employees, supports additional market research and product development, and normally creates a longer runway for companies to achieve revenue and follow-on funding.

As these companies grow and evolve they become other integrated in the region’s larger efforts, and strengthen our position as a worldwide leader for the unmanned systems industry.”

“This is tremendous support from the GENIUS NY program and a whole game-changer for Fotokite,” last years winner Fotokite of Switzerland, which combines aerial and ground-based robotics with flight controller algorithms to create a kite-like tethered drone system that can fly fully separately for 24 hours, “We are excited to be expanding operations here to support our customers moving forward and will work solid to continue building on this early momentum.”

“GENIUS NY provides a lot of useful trainings, workshops, events, and resources to help startup companies like us be functional speedily,” explains Syracuse native, UsPLM, which provides a collaborative environment to develop, test, deploy and carefully operate a single or a fleet of unmanned aerial systems.

“More importantly, it offers a synergy platform for all the GENIUS NY teams to collaborate with each other to promote our technologies.”

GENIUS NY has funded some truly exciting companies over the past couple of years. For example, Dropcopter out of California is a business that participated in the competition, and specializes in by drones for pollination of apple trees in the agricultural industry.

This business is particularly main when you consider the declining population of bees which is having a devastating effect on agricultural communities. Companies like Dropcopter are leveraging drone technology to offer solutions to real-world problems that have the potential to effect the entire globe.

GENIUS NY is supported with $5 million from NYS Empire State Development (ESD) and from contributing sponsors. I’d highly encourage everyone interested in starting or budding a drone-based business to check out GENIUS NY.

Its thrustly an incredible program providing huge opportunities to entrepreneurs with a passion for drone and UAS technology. Here are some details about how to apply:

Visit the application method page to learn more about how to get involved with GENIUS NY. If you have an knowledge for a business, or if you know someone who is interested in growing a drone-based startup, click the link to visit GENIUS NY’s website and learn more about this phenomenal program

 

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