Empire State Development Announces Application Period Is Now Open for Round Five of Luminate NY Competition
ROCHESTER, N.Y., Sept. 14, 2021 (GLOBE NEWSWIRE) -- Empire State Development (ESD) today announced that Luminate NY—the world’s largest business accelerator for startup companies that have optics, photonics, and imaging (OPI) enabled applications—is now accepting applications for round five of the innovative program. The accelerator brings visionary companies to the Finger Lakes Region to leverage a rich ecosystem of resources to speed the commercialization of emerging technologies within a range of industries, from quantum computing, medical devices, and LiDAR to augmented reality, robotics, and autonomous vehicles. Round five of Luminate NY will add to the more than 400 companies that have applied to participate in the accelerator based on the unique programming and support that this region has to offer. Cohort five will expand on the novel technologies that are in Luminate’s robust portfolio, which is destined to advance the OPI industry in New York State. Luminate NY is administered by NextCorps.
- Applicants for Luminate NY must be incorporated, have at least two full-time employees, and should have proven their core technology, preferably having developed a working prototype.
- Once admitted, companies will receive assistance, including capital, access to comprehensive lab facilities for technology development, education, and business mentoring.
- Luminate NY is funded by the transformative Finger Lakes Forward Upstate Revitalization Initiative , a comprehensive strategy to foster economic development and revitalize communities.
- For more information on Regional Councils and Empire State Development, please visit www.regionalcouncils.ny.gov and www.esd.ny.gov .