In past years, so many competitions were held and geared toward drones and other robotics startups, now again such an application period has been open since June 14, 2022, for the competition of the Genius NY 2022 version. For this competition, hundreds of applications have been received. No doubt This accelerator competition might be worth your precious time.
This program will be conducted in Syracuse, NewYork and prizes will be given to winning companies. From hundreds of various applications, only five would be selected as finalists, all of whom are guaranteed to split part of the 3$ million cash prize. Every company will get 1$ million as a grand prize. Further, such three selected companies will work in Syracuse’s office for one year and provide their services with excellence. Also will have access to workshops, various training programs, and mentoring. There would be so many networking opportunities and follow-on funding too. That’s a great thing.
North Dakota-based drone startup Airtonomy was the 2021 grand prize winner, which focuses on using different types of drones for data collection.
It’s a good sign that Syracuse is an appealing location for different companies in the drone industry given its proximity to NewYork’s Griffiss International Airport, which is one of just seven FAA-designated UAS test sites in the United State. You will analyze the site of a fifty-mile drone corridor, which is a digital corridor comprised of a network, not a physical one. This network of sensors and radar allows drone companies to practice and test drones and UTM technology in the real world. In addition, this site provides data available to other stakeholders in the drone industry.Since 2017, GENIUS NY has invested more than $15 million in twenty-six early-stage companies worldwide. And NewYork is a site of the UTM Pilot Program Phase 2 and Drone Parachutes which are other drone testing projects. So many companies have gone through the GENIUS NY accelerator to scale multiple operations, they secure their partners, acquire great customers, and get follow-on funding.