GENIUS NY is one of the best business acceleration programs at The Tech Garden in Central New York in the favor of startups of unmanned aerial systems (UAS).
The program consists of a competition among various teams of different startups and five finalist teams will be selected from a pool of applicants to participate in the third round of this world-class acceleration experience in Central New York.
These 5 final teams will then compete for one of the five investment awards that will be provided to your startup including a $1 million top prize and four awards of $500K each. Isn’t it a golden opportunity for your new startup to setup?
In addition to the grand prize of $1 million including the four other prizes of $500,000, the GENIUS NY program also offers incubator space, company stipends, advisors, resources, programming, and connections that making it the world’s largest competitions of its kind.
The Competition For Startups in Areas of Unmanned Systems
GENIUS NY is a business acceleration program run by The Tech Garden in Central New York for unmanned systems such as spacecrafts without no physical presence of people in control or we can say drones and many other hardware devices and software applications.
It’s said to be the world’s largest business acceleration program for startups in the fields of unmanned aerial systems (UAS).
So, the startups and businesses in the areas of unmanned systems can participate in this GENIUS NY competition program to win the attractive prizes as investments for businesses to grow in Central New York.
As mentioned already, under this business acceleration competition a total of $3 million in direct investment funding will be awarded to the 5 finalists, with one grand prize of up to $1 million and four $500,000 awards to remaining runner-ups.
Eligibility Criteria For The Competition
- Businesses must be a startup or with less that $500,000 per year in revenue.
- Main focus areas: Unmanned systems, software, hardware, analytics, IoT.
- Terms and Conditions set forth by GENIUS NY must be accepted.
- Must be able to communicate in English.
- Able to travel to the United States with proper travel/work visa (GENIUS NY has no involvement or responsibility in securing participation entry documentation.)
- Must commit to live in Central New York for 11 1/2 months acceleration period.
The Selection Criteria For Choosing Winners
- Clarity of business – It must be clear what the business is all about.
- Effective Teamwork Skills
- A true entrepreneurial startup – no Pizza Chains please.
- Viability - There should be a market to monetize.
Important Dates For The Genius NY Competition
Now, when you’re aware of almost all the important things about this business acceleration program, it’s time to have some important dates about this competition in the mind.
October 1st, 2018 will be the last date for filling application form for the competition. In the month of November, semi-finalists will be announced. The finalists will be announced in December and all of them will be called for acceleration in the coming January.
Don’t Miss The Opportunity!
This is however not the first time of this program. Genius NY program has been running for two years and this is the third round of Genius NY program which is being called as Genius NY 3.0.
On the official website of Genius NY, there’s everything you need to know about the past teams who participated in this program in 2017 and 2018.
The 2018 cohort arrived in Syracuse in January 2018 and will stay for 12 months for an incredible acceleration and Central New York experience.
So, this undoubtedly seems a golden opportunity for all the new businesses and startups in the filed of unmanned aerial systems, software, hardware, analytics and IoT.