Grow-NY Food and Agriculture Competition Opens, Offering $3 Million to Startups
New York Governor Andrew Cuomo announced that the application window is now open for round one of the Grow-NY food and agriculture competition. The competition is focused on growing an enduring food and agriculture innovation cluster in New York’s Finger Lakes, Central New York, and Southern Tier regions. The competition, which will run for three rounds, will offer a total of $3 million in funding for each round to innovative high-growth start-ups that are focused on the food and agriculture industry. Applications are open to start-ups from across the globe competing to win a $1 million top prize, two $500,000 prizes, and four $250,000 prizes. The winners will have to commit to operating in the Finger Lakes, Central New York, or Southern Tier regions for at least one year and will have to agree to participate in an equity-share program in which a portion of their profits will be returned back to the program. Applications will be accepted through July 15, 2019.