GENIUS NY Launches Round Nine, Inviting Uncrewed Systems Innovators
Funding | Jan 09, 2025 | New York Ventures Inc
Empire State Development has announced the opening of the application process for the ninth round of the GENIUS NY accelerator program, aimed at uncrewed aerial systems (UAS) technology, automation, and advanced air mobility. Operating under CenterState CEO, the program promises over $3 million in investments, with the top prize being $1 million. Participants must operate in Central New York for at least a year, supported by resources and mentorship in a new innovation hub in Syracuse. The program, part of the CNY Rising Upstate Revitalization Initiative, is deemed vital in driving the regional economy by integrating UAS technology and creating high-paying jobs. With the anticipation of breakthrough technologies and ideas, officials highlight the program's role in maintaining New York's leadership in this burgeoning industry.
Sectors
- Uncrewed Aerial Systems (UAS)
- Technology and Innovation
Geography
- United States – The GENIUS NY program takes place in the United States, attracting participants domestically and internationally to Central New York.
- Central New York – The accelerator program requires participants to operate in Central New York, leveraging the region's infrastructure and facilities.
Industry
- Uncrewed Aerial Systems (UAS) – The central focus of the GENIUS NY accelerator is on advancing the UAS industry by supporting startups with innovative solutions.
- Technology and Innovation – The accelerator seeks startups in technology sectors like automation, smart city applications, and data analytics, all of which underscore the focus on tech advancement.
Financials
- $3 million – Total investment amount committed by the GENIUS NY program for the ninth round.
- $1 million – Prize awarded to the top-performing company in the program.
- $24 million – Total investment attracted by the program since inception in 2017.
- $350 million – Follow-on funding raised by the program’s alumni.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| GENIUS NY | Accelerator Program | Company | Operated by CenterState CEO, GENIUS NY is the world’s largest business accelerator focused on uncrewed systems. |
| Empire State Development (ESD) | Economic Development Agency | Government | New York’s chief economic development agency responsible for promoting job creation and economic growth. |
| CenterState CEO | Operator of GENIUS NY | Nonprofit | An independent nonprofit aiming for sustainable economic growth in Central New York. |
| CNY Rising Upstate Revitalization Initiative | Funding Initiative | Government | A regional plan to drive economic growth and community development in Central New York. |