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GENIUS NY is the world’s largest business accelerator focused on uncrewed aircraft systems (UAS): and it has an impressive success record. “Since 2017 GENIUS NY has invested more than $15 million in 26 startup companies who have gone on to raise more than $90 million in follow-on funding and scale and grow operations.
Its secret sauce is the ability to combine high value investments in companies at the beginning of the program while also offering participants industry mentors, stipends, resources, programming and networking opportunities,” the organization says.
New York state has successfully generated a robust high tech ecosystem, including emerging drone technologies and the supporting systems like 5G, AI, and autonomy. In addition, the New York UAS Test Site (NUAIR) at Griffiss International Airport is one of seven FAA designated test sites in the country. As NUAIR and the New York drone industry have grown, the test site’s capabilities have continued to expand, providing unique opportunities like New York’s 50-mile BVLOS test corridor for testing advanced drone operations.
Beyond the funding, the program offers support and critical networking opportunities for the partnerships critical to the rapidly evolving drone ecosystem.
Genius NY applications will be open until May 31, and there is still time to put your application together. Semi-finalists will be selected to present demos and pitches this summer, and five companies will advance to participate in the competition – itself a unique programmed incubator and accelerator experience.
“The selected teams will enter the in-residence accelerator in Syracuse, New York summer of 2022 and will be immersed in The Tech Garden incubator’s events, resource pool, and mentoring. Applicants should be prepared to relocate to Syracuse, NY to participate in the program starting in August,” says the organizer.
- Genius NY is Looking for Startups: Apply Now for the Million Dollar Accelerator
- GENIUS NY Announces 6 UAV Finalists competing for $3 Million in Prizes
- BVLOS Drone Operations in New York: NUAIR Granted 35 Miles of BVLOS Flight in 50 Mile Drone Corridor
- New York Project Will Explore Delivery, Passenger Drones
- New York is Putting Money on Drones for Economic Development
Miriam McNabb is the Editor-in-Chief of DRONELIFE and CEO of JobForDrones, a professional drone services marketplace, and a fascinated observer of the emerging drone industry and the regulatory environment for drones. Miriam has penned over 3,000 articles focused on the commercial drone space and is an international speaker and recognized figure in the industry. Miriam has a degree from the University of Chicago and over 20 years of experience in high tech sales and marketing for new technologies.
For drone industry consulting or writing, Email Miriam.
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