Applied Ventures and Empire State Development Aim at Upstate New York

11/28/2018 10:38 AM 

Applied Ventures, LLC, the venture capital arm of Applied Materials, Inc., recently announced a new co-investment initiative with Empire State Development (ESD), New York State’s economic development organization, aimed at accelerating innovation in Upstate New York. 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 New York Polytechnic Institute (SUNY Poly) campus in Albany, also announced today. The new co-investment initiative and plans for the META Center are part of Applied’s strategy to increase collaboration and accelerate innovation throughout the technology ecosystem.

For more, read Applied Materials’ press release

  • Email this Page