Two local businesses have been selected as finalists in FuzeHub’s 2023 Commercialization Competition, being held Oct. 16-17 in Saratoga Springs.
It is the seventh installment of the competition, which takes place yearly as part of the Empire State Development-supported FuzeHub Jeff Lawrence Innovation Fund.
Twelve entrepreneurs from across New York will pitch before a panel of judges and a live audience for the chance to win $50,000 and one company will receive the $150,000 grand award.
During the summit, finalists will demonstrate the commercialization potential of their product or technology and compete against each other for one out of seven awards.
Award funds must be used to improve an existing prototype, enabling the company to pursue additional investments and customers and leading to the commercialization of its product.
The two local firms competing are:
Rochester-based RHM Innovations Inc. The company will be designing its commercialization competition project to build the manufacturing infrastructure for its assistive shower system. The business will fund tooling and build a supply of parts, fund assembly of devices and evaluate the quality control to ensure their products meet industry-leading Durable Medical Equipment standards.
Geneva-based Stilbene. Its product, GR8PE, is a dietary supplement for gut health using upcycled food ingredients from grape juicing waste. The project will address the commercialization of grape pomace (the pulp, seeds and skin remaining after juicing) as a new food ingredient. Traditionally, the grape pomace is discarded as waste. This will result in greater profits for the grape industry and reduced greenhouse gases in New York. Stilbene is also one of 20 finalists in this year’s Grow-NY competition.
FuzeHub is a nonprofit organization that supports small- and medium-sized manufacturing companies in New York.
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