Empire State Development Announces 10 Startups Selected for Round Seven of Luminate NY | Empire State Development
Summary
Accelerator Continues to Connect the Best Startups Working on Optics, Photonics, and Imaging Enabled Applications with the Regions World Class OPI Ecosystem to Speed CommercializationLuminate NY is Supported by Finger Lakes Forward The Regions Comprehensive Strategy to Revitalize Communities and Grow the EconomyEmpire State Development (ESD) today announced the 10 companies selected to take part in round seven of the Luminate NY accelerator program, investment fund, and competition. iLoF (Intelligent Lab on Fiber)Non-invasive tracking, screening, and stratification for drug discovery using a cloud-based library of optical fingerprints, powered by photonics and AI Nicslab, Inc.Fabless chip company developing electronics and photonics integrated circuits for future optical solutions in data centers, AI, instrumentation, and quantum computing PhotosyntheticNew manufacturing method enabling complex 3D geometries to be produced at mass-production speeds, while retaining sub-micron feature sizes SaferStreet Solutions Traffic safety devices that target unsafe driving behavior and collect data to help communities reduce speeding, distracted driving, car crashes, and lack of seat belt usage SeeTrue TechnologiesAdvanced eye tracking technology featuring a robust sensing solution for use in health care, augmented and virtual reality, and industry applications VoxelSensorsGroundbreaking Single-Photon Active Event Sensor that enables power-efficient and intuitive interaction for spatial interfaces and mobile extended reality (XR)Luminate NY Managing Director Sujatha Ramanujan said, Each company in cohort seven is bringing new capabilities to industry to change the way we solve pressing challenges, as well as new opportunities for the universities, supply chain partners, manufacturers, and investors here that are eager to collaborate in helping them advance their businesses and technologies.Since its inception, Luminate has invested $18 million in 63 startups. This has resulted in the creation of 173 jobs in the region.State Senator Jeremy Cooney said, Im excited to congratulate the 10 new innovators taking part in the seventh round of the Luminate NY accelerator program. We cant wait to learn all about their next-generation ideas.For additional information about the Luminate NY accelerator including how to apply, click here.Todays announcement complements Finger Lakes Forward, the regions comprehensive strategy to generate robust economic growth and community development. Through the use of loans, grants, tax credits and other forms of financial assistance, ESD strives to enhance private business investment and growth to spur job creation and support prosperous communities across New York State.