GENIUS NY, a business accelerator program at CenterState CEO’s Tech Garden, has announced the five finalists companies selected for its third round. These startup drone companies will participate in the year-long program and will compete for a total of $3 million in direct investment, with one grand prize of up to $1 million and four $500,000 awards.
Category Archives: Business News
Elbit and Adani Launch JV Hermes Plant in India
India’s first private sector unit for manufacturing unmanned aerial vehicles (UAVs) to cater to both the Indian armed forces and the global market was formally launched at Adani Aerospace Park. Built jointly by the Adani Defence & Aerospace and Israel-based Elbit Systems with an initial investment of $15 million, the 50,000 sq ft facility will develop the Hermes 900 medium altitude long-endurance UAVs of Elbit.
Sky-Drones Partners With Altitude Angel
Sky-Drones – a UAV flight control system solutions expert partnered with Altitude Angel – aviation technology company who creates global-scale solutions that enable safe integration and use of fully autonomous drones into global airspace. Continue reading
uAvionix to Open “HQ2” in Washington DC Region
uAvionix, designer and manufacturer of communications, navigation, and surveillance (CNS) equipment for unmanned and manned aircraft, has announced its plans to establish an office location in the Washington, DC metropolitan area. This expansion reflects the company’s long-term business strategy and the strong growth the company has seen in both the unmanned and manned aviation markets. Continue reading
WB Group Gets $3M FLYEYE Order in Poland
The Armament Inspectorate in the Ministry of National Defence in Poland has signed the contract for the supply of four sets of the mini UAV FLYEYE with a training package for USD 3M. Continue reading
Sky Power Intensifies Cooperation with Mejzlik Propeller
Due to the growing number of inquiries concerning complete drive units for Unmanned Aerial Systems (UAS), the German manufacturer of 2-stroke and Wankel engines, Sky Power GmbH, has intensified its cooperation with Mejzlik Propeller from the Czech Republic. The objective is the development of propellers coordinated individually to the engine and the customer application. Continue reading
Microdrones Merges with Schübeler Technologies
As part of ongoing global expansion, Microdrones has announced a merger with Schübeler Technologies. Since its founding in 1997, Schübeler has built a global business by providing advanced fan propulsion jets and lightweight composite materials fabrication. Continue reading
WhiteFox Raises Additional $12M in Funding
WhiteFox Defense Technologies, Inc., announced that it has raised a further $12,000,000 in a Series Seed round led by JAM Capital, LLC bringing the total investment to date to $14,000,000. WhiteFox will leverage the funding to scale its operations, prepare to launch new product lines into the market and continue to develop its proprietary technology to advance its mission of safely ushering in the integration of drones into the airspace. Continue reading