Nicslab, based in Silicon Valley, California, won the Company of the Year award at Luminate NY’s Optics, Photonics, and Imaging Startup Accelerator Competition.
The awards ceremony was held Thursday at Innovation Square in downtown Rochester and online.
As the winner, Nicslab will receive a $1 million investment from New York State through the Finger Lakes Forward Upstate Revitalization Initiative. Nicslab will use this follow-on funding to manufacture and package next-generation electronics and photonics integrated circuits at its AIM Photonics facility in New York.
This final event marks the end of the seventh year of the cohort-based program, which currently has more than 70 companies in its portfolio. In accordance with the requirements of the award, all winners of the competition will undertake to establish a business in the region for at least the next 18 months.
Nicslab is a fabless chip company that develops integrated circuits for future optical solutions such as artificial intelligence (AI), data centers, autonomous vehicles, space, and semiconductor applications.
Nicslab founder and CEO Andri Mahendra said the company is establishing an office in Rochester to support its U.S. operations, including recruiting, research and development, and collaboration with major chip manufacturers. .
“By partnering with AIM Photonics, Global Foundries, and other New York State vendors, we aim to accelerate the development of next-generation chips,” Mahendra said.
iLoF, based in the UK and Portugal, won the Outstanding Graduate School Award and additional investment of $500,000. The company is pioneering a breakthrough photonics platform that accelerates the future of personalized drug discovery and development.
There was a two-way tie for the Outstanding Alumni Award, with each company receiving $200,000 in follow-on funding.
New York City-based AI Optics is introducing handheld imaging technology that integrates AI to provide a new standard of care for disease screening.
VoxelSensors, Brussels, Belgium, has developed PERCEPT, a high-speed, low-power sensing module for wearable devices designed to seamlessly integrate AI and sensor data to provide real-time, contextual analysis of a user’s attention. I am.
The honor and $100,000 were donated to Amsterdam-based startup Photosynthetic. Photosynthetic has developed a new manufacturing method that allows complex 3D shapes to be produced at production speeds while maintaining submicron feature sizes.
Event attendees voted Rochester-based Safer Street Solutions as the winner of the $10,000 Audience Choice Award for Next Generation Digital Road Signs that Identify Risky Driving Behaviors.
The investment was announced after a panel of judges from the optics, photonics and imaging industry and venture capitalist community scored participating companies based on the business pitches and due diligence completed during the six-month accelerator program. Ta.
(email protected) / (585) 653-4021
ah
Source link
