The goal of the initiative is to invest in promising Upstate New York startups across a broad range of established and emerging industries including semiconductors, artificial intelligence, advanced optics, autonomous vehicles, life sciences, clean energy and more.
In addition to funding, startups and early-stage companies will be able to benefit from Applied Materials’ expanded capabilities in advanced materials-based R&D, process technologies, device prototyping and pilot-scale production at its forthcoming Materials Engineering Technology Accelerator (META Center) to be located on the State University of
“Upstate New York is home to a vibrant technology and academic ecosystem, with entrepreneurs who are generating new growth opportunities across many industries,” said Om Nalamasu, president of
“This partnership will foster innovation and strengthen the Upstate economy by supporting the next generation of promising entrepreneurs and startups from the Capital Region to Western New York,” said
“For more than a decade, Applied Ventures has invested in over 75 high-tech startups across the world that are pioneering innovations in smartphones, augmented and virtual reality, artificial intelligence, autonomous vehicles, life sciences, 3D printing, robotics, cleantech, and advanced materials,” added