Empire State Development Announces 10 Startups Selected For Round Seven of Luminate NY
ROCHESTER, N.Y., March 28, 2024 (GLOBE NEWSWIRE) -- Empire 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. A total of 137 applications from 25 different countries were received for consideration to participate in the world’s largest accelerator for startups working on industry-first solutions that are enabled by optics, photonics, and imaging (OPI). The companies were selected after pitching their innovative ideas and being scored by an advisory panel comprised of industry experts. Each finalist will receive an initial investment of $100,000 and will have the chance to compete for up to $2 million in follow-on funding upon completion of the accelerator program. The cohort will begin on April 8, 2024, and conclude in late September.
- The companies were selected after pitching their innovative ideas and being scored by an advisory panel comprised of industry experts.
- Empire State Development President, CEO, and Commissioner, Hope Knight said, “Congratulations to the latest entrepreneurial companies selected to take part in Luminate NY’s seventh cohort.
- State Senator Jeremy Cooney said, “I’m excited to congratulate the 10 new innovators taking part in the seventh round of the Luminate NY accelerator program.
- I applaud Luminate NY for continuing to promote an important pathway for workforce and economic development by supporting and nurturing startup companies.”
Monroe County Executive Adam Bello said, “Congratulations to the 10 startups selected for this round of Luminate NY.