SUNY Poly Startup wins $50K at FuzeHub Commercialization Competition
A startup company launched by graduate students at SUNY Polytechnic Institute, was named a winner of the FuzeHub Commercialization Competition 2018 to provide funding to early-stage manufacturing companies across New York State. The company, Lux Semiconductors, was awarded $50,000 from the Jeff Lawrence Manufacturing Innovation Fund, which FuzeHub administers.
Lux Semiconductors is developing a patent pending technology aimed at producing flexible, lightweight, and low-cost semiconductor substrate. This next generation semiconductor platform will be suitable to host a range of electronic components and fully integrated system-on-chip designs including sensors, displays, processors, photovoltaics, and similar ‘internet of things’ devices.
Four State University of New York (SUNY) teams were among the 18 finalists who pitched their innovations in front of a live audience. A panel of 12 industry experts selected the seven award recipients based on the commercialization potential of their technology.
The other SUNY finalists were:
- Mechanismic Inc. – state of the art design-driven robotics and STEM education product consisting of a patent-pending, open, modular, and customizable hardware and a motion design software app to help K-12 and post-secondary students design, prototype, and program. (Stony Brook University)
- Algorhythm Technologies – easy to uses Community driven digital effects for musical instruments. (University at Buffalo)
- Volt-Air Technologies –- maintenance cases for rechargeable hearing aids. (SUNY Geneseo)
The finalists’ pitches and award presentations were the highlights of the November 8-9 event sponsored by the Rensselaer Center for Automation Technologies & Systems (CATS), the New York State Science & Technology Law Center at Syracuse University College of Law and Innovate 518. The program included speeches, panel discussions and networking opportunities for entrepreneurs, executives and investors.
The Commercialization Competition was launched in 2017 to support pre-revenue businesses at a specific stage in their product development. Prize money must be used to produce or improve upon a working prototype or beta phase, to enable the company to pursue additional investments and customers, leading to commercialization of their product. The awards were expanded from last year, when five companies shared in $250,000 in award money.
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