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Annual Innovation Summit to include Fuzehub Commercialization Competition

Annual Innovation Summit to include Fuzehub Commercialization Competition

The New York State Innovation Summit will return this fall, featuring FuzeHub’s annual Commercialization Competition.

The annual showcase and celebration of technology will take place Nov. 8 and 9 at the Turning Stone Resort in Verona, Oneida County. The summit brings together some of the state’s brightest minds, most promising technology and manufacturing companies and most resourceful innovation support services.

The summit will feature a series of speakers, breakout sessions and pitches and is organized by Empire State Development’s Division of Science, Technology and Innovation (NYSTAR) and FuzeHub, the statewide center for the New York Manufacturing Extension Partnership. The 2019 summit was held in Rochester.

Plug Power President and CEO Andrew Marsh is slated to speak this year, as is Cree President and CEO Gregg Lowe, Velan Studios President Guha Balan and Verizon 5G Labs Senior Manager Joshua Ness. Plug Power has a significant presence in the Rochester area.

“This year’s lineup not only illustrates the strength of New York state’s innovation economy, but also represents some of its key sectors: clean technology, semiconductors, digital gaming and information technology,” said NYSTAR Senior Vice President Matt Watson in a statement. “And with a $1 billion chip fabrication plant rising near Utica, the Mohawk Valley is the perfect location to showcase — and accelerate — our state’s technological prowess. Many attendees and exhibitors, including companies represented by our keynoters, have received support from NYSTAR’s extensive network. The summit brings them together to spur even more growth, which in turn creates jobs and strengthens New York’s economic future.”

FuzeHub’s annual Jeff Lawrence Innovation Fund Commercialization Competition will be held during this year’s summit. Now in its fifth year, the Commercialization Competition awards significant funding to companies from across New York. Finalists pitch their innovations in front of a live audience and a panel of industry experts selects the winners based on the commercialization potential of their technologies.

At last year’s Commercialization Competition, FuzeHub and NYSTAR awarded a total of $300,000 to six companies.

“At the heart of each Innovation Summit has been the potential for commercialization of cutting-edge technology developed and manufactured in New York state,” said FuzeHub Executive Director Elena Garuc. “That’s what makes our Commercialization Competition a natural fit; I expect the bar to be higher than ever before. As in the past, startups and manufacturers will also have access to resources from NYSTAR and NY MEP to help them get to the next level.”

Breakout sessions will include information on Economic Development in New York, National Trends and Disruptive technologies.

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