Genius NY Applications Open $1 M Prize Drone Startups

New York state is betting on the drone, robotics and IoT industries in a big way.  With recognition that these industries have the potential to drive major economic development in the area, the GENIUS NY program  – an in-residence accelerator operated out of Syracuse, NY – is offering $3 million in investment in 5 finalist companies, including a $1 million grand prize.

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…