Start-up companies in Photonics, Imaging, and Optics are now able to compete for $6 million in purse money and a place to set up shop in Rochester, through the Luminate New York contest.
High Tech Rochester is overseeing the competition, which is being funded with state money. High Tech Rochester is moving into space in the Sibley Building downtown, and creating a hub for local Photonics and Optics companies at that location.
Under the rules of the competition, $6 million will go to 20 start-up companies. The best of those companies will each be awarded up to an additional $1 million.