All Finalists Are International Teams Highlighting the Global Reach of the Program and Region’s UAS Ecosystem GENIUS NY is Supported by “CNY Rising” – The Region’s Comprehensive Strategy to Revitalize Communities and Grow the Economy
Empire State Development (ESD) today announced the five GENIUS NY companies participating in round six of the world’s largest business accelerator focused on uncrewed systems. The companies, which are developing innovations in the uncrewed aircraft systems (UAS), internet of things (IoT) and robotics industries, were selected from a highly competitive pool of more than 200 submissions from over 50 countries. The five winners are all international teams, representing Canada, the Netherlands, Israel, Poland and the United Kingdom. GENIUS NY participants are required to operate their business in Central New York for at least one year. The program is funded through the CNY Rising Upstate Revitalization Initiative (URI), the region’s award-winning strategic plan to generate robust economic growth and community development.
Empire State Development Acting President, CEO & Commissioner Hope Knight, said, “These selected GENIUS NY Round Six finalists are ready to take flight, adding to the cohort of forward-thinking innovators that have been drawn to this unique business accelerator competition which is elevating Central New York’s unmatched UAS assets and infrastructure.” The winners are: Archangel Imaging, Ltd.
(United Kingdom) deploys smart machines alongside people to protect valuable assets and at-risk staff in remote or challenging places. Whether its cables being stolen, oil being tapped or elephants poached for ivory, Archangel provides the ability for the security team to know before these incidents are about to happen and immediately intervene or follow up. AVSS – Aerial Vehicle Safety Solutions, Inc.
(Canada) produces a parachute recovery system and flight termination system that is commercializing drone technology for Urban Air Mobility (UAM). AVSS’s products are distributed worldwide through their more than 50 authorized dealers’ network and sold directly to drone manufacturers across the world. Dronehub
(Poland) develops autonomous charging docks for drones that help companies with large infrastructure to reduce monitoring costs, get real-time aerial data, and exclude the human factor. Dronehub helps industries to collect real-time precise aerial data, process it and automate operations. Fusion Engineering
(Netherlands) are working to create the most reliable, flexible and easy-to-use flight controller for any type of multirotor drone. Fusion Engineering builds innovative flight control algorithms to ensure more accurate positioning, disturbance rejection and fault tolerance. Wonder Robotics
(Israel) is a leading provider of intelligent and robust autonomous solutions for commercial drone and unmanned platform applications, focusing on the drone delivery and Urban Advance Mobility (UAM/AAM) markets by utilizing highly advanced vision-based capabilities for mission enable and safety.
The selected teams will begin the in-residence accelerator at The Tech Garden, CenterState CEO’s regional business incubator, in the coming weeks, and will be immersed in the incubator’s business workshops, events, resource pool and mentoring. On Nov. 3 the teams will compete for $3 million in investments, including a $1 million grand prize. To learn more and attend the event, click here
. Throughout the program companies will also receive stipends, resources, programming, investor demo days and networking opportunities.
“We are excited to welcome these teams to Central New York and get to work advancing their business plans and technologies,” said Kara Jones, director of GENIUS NY. “Over the coming year, they will be connected to local businesses for strategic guidance and operational support and be immersed in the tech startup and UAS ecosystems. In addition to high-impact programmatic and business support provided by GENIUS NY, participants will also become more connected to our local community through events and social engagements.”
“The fact that each of these GENIUS NY finalists are international teams highlights the strength of the program and the industry’s recognition that Central New York is the single best place to grow your UAS company,” said Robert Simpson, president of CenterState CEO. “In addition to the resources provided by the program these teams will also become part of Central New York’s robust tech ecosystem. We proudly welcome this new cohort to our community and are excited to work with these companies to ensure their companies evolve and grow here.”
The GENIUS NY competition has been renewed through round 10 by ESD. The program has attracted more than 26 startups to Central New York since its inception in 2017. To date, the innovative teams have gone on to raise more than $90 million in venture capital and have created more than 60 upstate New York jobs.