Finalists selected for Luminate’s fourth round
Summary
Luminate selected ten finalists for its fourth accelerator cohort from more than 100 applicants across 22 countries and 21 states. Each company will receive $100,000 upfront and can compete for up to $2 million in follow-on funding. The six-month program begins April 5 and is designed to help these startups commercialize technologies in optics, photonics, imaging, AR/VR, healthcare, agriculture, and autonomous systems. The cohort also requires selected companies to establish operations in Rochester for at least 18 months. The article also highlights Nordetect’s earlier seed round and its plan to scale manufacturing and U.S. commercialization.
Funding
Amount
$100.0K
Total raised
Date
March 17, 2021
Announcement date
Investors
NextCorps, Rockstart Impact, IndieBio, Luminate NY, Luminate, Vaekstfondon, PreSeed Ventures
Lead investors
Company
https://www.momentumoptics.com
Funded company
Classifications
industries
Environment
applications
Business Intelligence
AskAI Classifications
Labels
SaaS
AgTech Software
Data Analytics Software
Linked Companies
Nordetect
$1M to $5M