Governor Cuomo Announces Official Launch of Luminate NY Photonics Venture Challenge

$10 Million Approved for World's Largest Startup Accelerator for Optics, Photonics and Imaging Technologies

July 5, 2017

Governor Andrew M. Cuomo today announced the launch of Luminate NY, the world’s largest business accelerator for startup firms in the optics, photonics and imaging industries, in Rochester. Funding for the $10 million program, previously known as the Photonics Venture Challenge, was recently approved by Empire State Development’s Board of Directors and will be funded through the Finger Lakes’ Upstate Revitalization Initiative award.

"By fostering innovation and supporting the growth of promising new photonics companies, Luminate NY will catalyze economic energy and excitement to move the Finger Lakes Forward," Governor Cuomo said. "Our strategic investments have uniquely positioned Rochester as a global leader in the photonics industry to drive economic growth in the region for generations to come."

The Luminate NY initiative, which is being administered by High Tech Rochester, is focused on attracting and growing the most promising optics and photonics companies from across the state, the nation, and around the globe. The program is looking for entrepreneurs interested in solving challenging optics, photonics and imaging problems, including but not limited to: machine vision, inspection, biophotonics, security, surveillance, augmented and virtual reality, and autonomous vehicles.

Read the full press release here.