The Luminate accelerator, a $5 million per year initiative in New York State, has officially launched with its new name and website, and is now accepting expressions of interest from startup companies, mentors, VCs, and corporate partners. A national advisory board is being assembled and a managing director is being hired, with a goal of opening the startup application window in late July. Teams will be competing for one of ten available slots in the first cohort, guaranteeing them a minimum investment of $100,000, and potentially as much as $1 million.
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