Sydor Instruments Wins At Regional Business Plan Contest Awards
Sydor Instruments, LLC was one of the three winners at the Rochester Regional Business Plan Contest Awards Ceremony held at the Memorial Art Gallery, equally splitting $75,000.
The Committee had received 54 applications. The event featured the six finalists who presented their business plans to a panel of judges, including venture capitalists and angel investors. The winner is chosen on the strength of their business plan and potential impact. The idea for the event started last year when different organizations wanted to find a way to give Rochester’s startup culture a boost and cultivate a renewed entrepreneurial culture. The contest was sponsored by High Tech Rochester, Infotonics Technology Center, Greater Rochester Enterprise, RIT, and University of Rochester.
Sydor Instruments’ main product is a streak camera that has the ability to measure the lightning pulses of laser light. “I call it the Ferrari of cameras because it’s fast and precise,” said Mike Pavia, president of Sydor Instruments. Some of the money will go toward growing the company’s staff from six to 30 over the next five years.