It might seem unusual for a California drone startup initially targeting West Coast vineyards to find fertile entrepreneurial ground across the country in Central New York – but then there’s nothing typical about GENIUS NY, the yearlong business accelerator with a million-dollar grand prize that is cultivating a regional ecosystem devoted to unmanned aerial systems (UAS).
For the California-based founders of AutoModality, grand prize winners in last year’s inaugural GENIUS NY competition, the experience sent the company in a different direction - to Syracuse, where they and other GENIUS NY alums are staying to build their businesses.
Based at CenterState CEO’s Tech Garden accelerator in Syracuse, GENIUS NY describes itself as one of the world’s largest drone-focused business competitions, offering a total of $2.75 million to six finalists who live and work in the region’s UAS corridor. This year’s Round Two winners will be announced on April 9 in a ceremony at the Marriott Downtown Syracuse.
“When we started this program, we really didn’t expect a company from Northern California to come to Central New York and be excited about building a business in Syracuse,” said GENIUS NY director Jon Parry, interviewed on Ian Smith’s “Commercial Drones FM” podcast last summer. “But what we found was, due to the nature of the investments [pledged to the winners] we got much more experienced teams than we were originally expecting.”
The other finalists from the inaugural competition include Ascent AeroSystems (second place), OmniMesh (third place), Akrobotix (runner-up), EZ3D (runner-up) and SkyOp (runner-up), a drone pilot training company offering classes to high school STEM and community college students. OmniMesh, Akrobotix and SkyOp all originated in New York State.