Governor Hochul Announces $1 Million Grand Prize Winner of GENIUS NY, the World's Largest Accelerator for Uncrewed Aerial Systems

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Governor Kathy Hochul today announced that the winner of the $1 million grand prize from round six of the GENIUS NY accelerator is Archangel Imaging from the United Kingdom. Archangel Imaging deploys smart machines, alongside people, to protect valuable assets and at-risk staff in remote or challenging places. Whether its cables being stolen, oil being tapped or elephants poached for ivory, the company provides the ability for the security team to know before these incidents are about to happen and immediately intervene or follow up. The GENIUS NY program is the world's largest business accelerator competition focused on unmanned systems, data to decision and IoT. The year-long program awarded five finalist teams a total of $3 million at its Finals Night event in downtown Syracuse, including investments of $1 million and four $500,000 awards. The program, which is administered by CenterState CEO's Tech Garden in Syracuse, offers incubator space, company resources, programming and mentoring to accelerator finalists. To date, New York State has invested $30 million in GENIUS NY over the programs six rounds. Participants are required to operate their business in Central New York for at least one year.

"As we continue to support innovation and key industries throughout New York, key investments are being made to revitalize Central New York," Governor Hochul said. "The GENIUS NY competition continues to transform the landscape of Central New York by attracting the next generation of innovative entrepreneurs from around the world to the region. Our continued investment in uncrewed aerial system businesses is helping to ensure that New York State remains at the forefront of this important industry, bringing quality jobs and economic growth to the region."

Read the full press release, here.

Watch Archangel Imaging's interview with NewsChannel 9's Jeff Kulikowsky, here.

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syracuse.com

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Post Date

Nov 4th 2022