New York State Announces Round 3 Winners of Luminate NY Accelerator Competition in Rochester
Via New York State Press Room
September 14, 2020
SunDensity Awarded Top Honors and $1 Million in Investment
Four Additional Visionary Optics, Photonics, and Imaging Companies Secure Follow-on Funding Investment
Applications Now Being Accepted for Round 4 Through January 7, 2021
NYS Investment Complements “Finger Lakes Forward” – the Region’s Comprehensive Strategy to Revitalize Communities and Grow the Economy
New York State today announced SunDensity is the winner of Round 3 of the innovative Luminate NY competition. SunDensity received the “Company of the Year” award at Luminate’s Finals 2020 competition, held at The Optical Society’s international Frontiers in Optics + Laser Science APS/DLS conference. The company will receive $1 million in investment from New York State through the Finger Lakes Forward Upstate Revitalization Initiative. As required by the award, all winners of the competition will commit to establishing operations in Rochester for at least the next 18 months. SunDensity—which originated from MIT—will be locating its operations and manufacturing in Rochester. Luminate NY, which is administered by NextCorps, is the world’s largest business accelerator for startup firms that have optics, photonics and imaging enabled technologies.
“Luminate NY’s strategic investments in these emerging companies have upheld New York as a worldwide leader in optics, photonics, and imaging,” Governor Cuomo said. “I congratulate SunDensity on winning Round 3 of the innovative Luminate NY competition and look forward to the company contributing to the growth of our region’s OPI industry, which will continue to help move the Finger Lakes economy forward.”
Lieutenant Governor Kathy Hochul provided remarks during the virtual event, recognizing the accomplishments of the cohort companies, along with Luminate NY’s impact on advancing emerging technologies and the Finger Lakes Region.