On October 26th, 2021 MPD Partners’ client WindShape, swiss start-up operating in the drone testing sector, has received $500.000 investment confirmation from GENIUS NY accelerator program, the world’s largest business competition and accelerator focused on unmanned systems, cross-connected platforms, and other technology-based sectors. WindShape will use investments to continue to accelerate their growth and expand their presence in CNY region.
WindShape develops indoor weather simulation technology to test and certify drones under controllable and repeatable flight conditions to enable autonomous and scalable drone applications. MPD Partners is supporting WindShape since 2019 to launch business in Central NY region. After a successful partnership with NUAIR and Syracuse University, the confirmation of this investment officially announces the beginning of their operation in US. WindShape testing capabilities will significantly contribute to making the region more attractive for drone companies and experts from all around the world, making the company a key asset for the CNY drone ecosystem that is leveraging on attracting skills and technologies in the sector as a strategy for local economic development.
GENIUS NY program builds on the progress of CNY rising, the region’s comprehensive blueprint to generate robust economic growth and community development. The regionally designed plan focuses on capitalising on global market opportunities, strengthening entrepreneurship and creating an inclusive economy. Now, the region is accelerating CNY Rising with a $500 million State investment through the Upstate Revitalisation Initiative. The State’s $500 million investment will incentivise private business to invest well over $2.5 billion – and the region’s plan, as submitted, projects up to 5,900 new jobs.