Accelerator applications closing Jan. 9 offer immediate funding and a chance to compete for additional investments of up to $2 million
ROCHESTER, NY, Jan. 4, 2023 (GLOBE NEWSWIRE) — NextCorps announced today that there are just a few days left to apply for Cohort 6 of Luminate NY. For solutions enabled by optics, photonics or imaging (OPI). The application deadline is 11:59 PM EST on January 9, 2023. Based in Rochester, NY, participation in the accelerator will be mostly remote, with in-person participation during selected weeks for pitches to investor groups.
It helps detect cell phone cameras for photos and videos, machine or computer vision, light, or features such as location, motion, damage, and facial recognition. Companies that have been accepted into Luminate’s portfolio in the past have come from a variety of industries, including self-driving cars, augmented/virtual reality, climate technology, communications, defense, entertainment, medical devices, quantum computing, and security. Under the recently announced strategic partnership, participating startups will now be able to join the Luminate and Silicon Catalyst incubator programs. Silicon Catalyst is the only incubator focused on accelerating semiconductor solutions.
Luminate provides startups with essential support, including an immediate investment of $100,000 upon acceptance, expert mentorship, investor access, lab facilities, and a comprehensive curriculum. Upon graduating from the six-month program, the two companies will compete for a portion of his $2 million additional funding provided through the Finger Lakes Forward Upstate Revitalization Initiative.
“One of the biggest challenges we faced was how to make our technology smaller and more commercially viable,” said Mohan, founder and CEO of Dynocardia and Luminate Cohort 4 member. Thanikachalam, M.D., said. “Luminate has been very helpful in showing me the path from R&D to product development to commercialization. of work has been saved.”
Startups applying to NextCorps’ program, Luminate NY, must be incorporated, have at least two people working full-time on the business, and preferably have developed a working prototype to prove their core technology. . Luminate will select a total of 10 companies from the Cohort 6 applicant pool starting in April 2023 and ending in September 2023.
“Today’s startups need more than just great inventions. They need strong businesses to grow, bring products to market, and raise the capital they need to expand their staff and operations. Luminate can help you with immediate funding, support and access to the wealth of resources that exist here in the world’s imaging capital, Rochester, NY,” said Luminate Managing Director, One Dr. Sujatha Ramanujan said:
The rigorous Accelerator Program also offers a customized curriculum that guides startups through practical business planning with a focus on commercializing and scaling their business. Members also benefit from collaborating with her OPI startups in the same industry on the program, leveraging best practices and helping each other succeed.
Click here to apply for Luminate. For more information about Luminate NY, visit luminate.org.
For more information about NextCorps, visit NextCorps.org.