Rochester Beacon (https://rochesterbeacon.com/category/innovation/page/2/)
New York has been allocated nearly $665 million in federal funding under the federal Broadband Equity Access and Deployment Program. Now, the state must develop a five-year action plan.
Since the pandemic, the number of older adults using digital technologies has grown. But some struggle with complex software and device designs ill-suited to their needs.
Ten companies will compete for up to $2 million in funding after completion of the accelerator program, which begins next month.
The organizations plan to recruit innovative fledgling companies into their accelerator programs concurrently. The goal is to reduce the complexity and cost of development as startups hone commercial applications.
Lidrotec will receive a $1 million investment from New York. It is one of 10 startups that vied for a total of $2 million in prizes.
The new facilities for the University of Rochester’s Laboratory for Laser Energetics include office and lab space.
Launched by RIT graduates in 2015, cybersecurity firm Token now has experienced leadership, a new focus and $13 million in capital from Tom Golisano’s investment firm.
Rochester-based Circle Optics has been awarded over $2.5 million in contracts.
The $83 million included in the omnibus spending package will support some 900 jobs for scientists, engineers, technicians and staff.
PreAct, named “Company of the Year” at Thursday’s finals, will get $1 million.