GENIUS NY has extended to October 13 the deadline for unmanned technology entrepreneurs to enter to win mentoring and networking opportunities plus up to $1 million in start-up cash.
The international competition, now in its fourth round, picks five finalists for a year at an entrepreneurial accelerator plus a share of $3 million in prize money. The Syracuse, New York-based incubator provides the teams with office space and amenities plus workshops, training, mentoring and opportunities for networking. Four of the finalists will ultimately get $500,000 to further develop their businesses while the winner will take home the $1 million top prize.
GENIUS NY is looking for entrants who are focused on unmanned systems’ hardware, software and analytics. The contest is also open to robotics, data-to-decision platforms and, in some cases, Internet of Things (IoT)-related technologies.
The Italian firm Sentient Blue Technologies won the 2018-2019 contest in April. They are working to extend drone flight times with a more efficient and environmentally friendly micro gas turbine-based power plant. Other winners include AutoModality, a drone-based inspection firm with proprietary software that now supports automated inventory in warehouses. They are working on fully autonomous close-up infrastructure inspection software especially geared toward use in difficult-to-navigate areas where GPS may be unavailable. Fotokite of Switzerland won with a kite-like, tethered drone system for first responders that takes off and lands with the push of a button and can fly fully autonomously for 24 hours.