Empire State Development has named the 10 companies selected to participate in round seven of the Luminate NY accelerator program, investment fund, and competition. 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 program.
The cohort will begin on April 8, 2024, and conclude in September.
To date, Luminate has invested $18 million in 63 startups. The companies in the portfolio have raised an additional $260.1 million and now share a net worth of $675 million. Courtesy of Luminate.
The selected companies:
AI Optics, Inc., developer of a handheld imaging technology that integrates AI to provide a new standard of...
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