Empire State Development Announces 10 Finalists Selected for Round 5 of Luminate NY Competition in Rochester | Empire State Development
Summary
$25 Million Luminate NY Initiative Continues to Bring the Best Startups with Optics, Photonics, and Imaging Technologies to the Finger Lakes Region to Tap World Class Resources and Grow the EconomyThe Competition 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 the fifth round of the Luminate NY accelerator program, investment fund, and competition. Cohort 5 is solving challenges within a number of industries, including, but not limited to: quantum computing and technology, healthcare, clean energy, agtech, advanced imaging, artificial intelligence and autonomous vehicles. Alertgypatented wearable wristband platform with the first application providing affordable, effective, and noninvasive continuous glucose monitoring for existing and pre diabetics, and health-conscious people Axion Technologiespatented technique for scrambling light to provide quantum random numbers, which can be used in computing applications to protect data and expand the usefulness of data simulations, enabling more secure networking Custom Surgicaloptical systems and software that digitize medical microscopes or slit-lamps, allowing for the seamless capture, storage, and broadcasting of high-quality medical imaging, without blocking the binoculars LIDROTECpatent pending wafer dicing laser machines for the semiconductor industry that enable thinner cuts with a 0 percent damage rate LightSpeedAI Labsoptoelectronic interconnects and lego-like processors that will address the need for increased, real-time processing of data bandwidth-intensive applications like video streaming, AI, cybersecurity, and smartNIC at low-power MEETOPTICS A specialized photonics search hub that enables researchers and engineers to find and compare products and technologies from trusted suppliers in minutes instead of weeks QD Solar low-cost, lightweight, flexible, high-power density solar sheet that offers efficiency well beyond that of silicon solar Quantopticonautomation software tools supporting the rapid cost-effective development of high-quality, peak-performing quantum photonic devices, which are key to the emerging quantum technology industry SCOUTon-orbit imaging systems and autonomy software for automated detection, tracking, and characterization of space objects and orbital debris Stratio AI-assisted visible and infrared imaging solutions for Advanced Driver-Assistance Systems (ADAS), medical imaging, precision farming, forensic, and food/plastic sortingOne additional company, EmGenisyswhich won $250,000 in the 2021 Grow-NY competitionwill take part in Luminate NY out of the finalist structure to gain access to regional resources. Thank you to Empire State Development for supporting the mission of Finger Lakes Forward by making these opportunities possible.Assembly Member Harry Bronson said, The Luminate NY Accelerator Program attracts the most creative and dynamic light technology startups from across the globe. 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.