GENIUS NY is funded with $5 million from NYS Empire State Development (ESD) and from contributing sponsors. Of this, $4 million is dedicated for direct prizes and support expenses, which include subsidized rent for startups, stipends, speakers, advisors, developers, and other entrepreneur-consumed resources. These expenditures are awarded to participants at the end of the three month acceleration period and drawn out over the next 9 months. Selected teams will need to give up 5-8% equity to participate in GENIUS NY.
Location: New York City