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Friday, September 29, 2017

The Sky is the Limit For the Genius NY Grant Contest!

The Sky is the Limit For the Genius NY Grant Contest

If you are a techie who lives in New York and has a passion for unmanned systems, consider entering the Genius NY Grant Contest. Businesses whose focus is in Unmanned Aerial (drones), including hardware, software, and analytics may apply. Businesses must be a startup or an existing business with less that $500,000 per year in revenue.

How much are the grants?

Six finalists are chosen to compete for a chance at up to $1 million in funding. First place wins $1 million; second place $600,000; third place $400,000; and fourth through sixth places win $250,000. Businesses must be willing to live full-time in Central New York for the 11 1/2 month acceleration period.

Technology criteria

The competition is open only to companies focused on unmanned systems, including hardware, software and analytics. This can include unmanned ground, aerial, and marine systems; data systems and platforms.

Phase 1 is a 3-month accelerator with prizes of more than $2.75 million. Phase 2 is a 9-month program that culminates with an Investor Demo Day in front of investors and program judges.​

The Genius NY program is one of the largest business competitions for unmanned systems in the world. It is funded with $5 million from NYS Empire State Development (ESD) and from contributing sponsors.

Read more by visiting www.geniusny.com