Governor Hochul Announces Round Five Winners of the Grow-NY Food and Agriculture Business Competition
November 15, 2023
$3 Million in Prize Money Awarded to Seven Food, Beverage, and Agriculture Startups – Including $1 Million Grand Prize for Hypercell Technologies of Georgia
Competition Promotes Innovation in Food, Beverage, and Agriculture with Commitment from Winning Businesses to Operate in Central New York, Finger Lakes, and Southern Tier
Competition Supported by Upstate Revitalization Initiative and Builds on CNY Rising, Finger Lakes Forward and Southern Tier Soaring Regional Strategies
Photo of Winning Team Here
Governor Kathy Hochul today announced Hypercell Technologies, of Peachtree Corners, Georgia as the grand-prize winner of this year’s Grow-NY business competition, a startup challenge focused on enhancing the emerging food, beverage, and agriculture innovation cluster in Central New York, the Finger Lakes, and the Southern Tier. Now in its fifth year, the program awarded $3 million – including the $1 million grand prize – to seven finalists participating the business development accelerator and two-day pitch competition at the Grow-NY Summit this year held in Binghamton. The winning teams must commit to operating in the participating regions for at least one year, while providing Grow-NY with a small equity investment stake in their entity. The competition is administered by Cornell University's Center for Regional Economic Advancement.
“The winners of this year’s Grow-NY competition represents some of the most innovative and forward-thinking entrepreneurs from around the world that will take our state’s food and agriculture sector to the next level,” Governor Hochul said. “Through Grow-NY and the Upstate Revitalization Initiative, my administration is doubling down on its commitment to driving economic growth in every part of our state, sparking innovation, and creating the jobs and opportunities that will move New York forward.”
Hypercell Technologies provides rapid point-of-care diagnostics for the food chain, ensuring early identification and management of biological contaminants from production to transformation with increased speed and accuracy.