FAU TECH RUNWAY ANNOUNCES ITS LARGEST STARTUP CLASS EVER
Florida Atlantic University's Tech Runway accelerator program has announced its fifth startup class – its largest yet.
This year, four companies will receive a $25,000 non-equity grant and participate in a 16-week intensive bootcamp, during which entrepreneurs will work with mentors in a shared workspace. Tech Runway is part of a public-private partnership under the purview of the FAU Division of Research. Sixteen additional companies will participate in the program, but will not receive a grant.
The four companies receiving grants are:
· Videopura LLC, a company with patent-pending technologies aimed at reducing the bandwidth necessary for video services.
· Tap2Open LLC, a tool designed to provide secure access to gated communities via smart devices.
· Ridgeback Network Defense Inc., an enterprise network security service that works to rethink how cybersecurity can be executed to keep online data safe.
· Hubspring Health, a software company founded by physicians focused on providing a cure for chronic conditions and enabling health care organizations to revamp their systems with new technology.
“A record number of companies entered the 2017 FAU Tech Runway Launch Competition,” said Rhys L. Williams, FAU's associate VP for research and the managing director for FAU Tech Runway. “They significantly raised the bar, in terms of their quality and breadth represented.”
Since its inception in 2014, Tech Runway has helped to create more than 200 jobs and 70 internships, forged more than 130 corporate partnerships and generated more than $8 million in earned revenue, among other economic impact benefits.
“FAU Tech Runway serves as a core entrepreneurship hub for Florida Atlantic University and as a key resource for the regional technology ecosystem,” said Daniel C. Flynn
, FAU’s VP for research. “As the program matures, it will continue to launch thriving, innovative companies that are ready for their next stage of growth, contributing to the university and the state’s economic vitality.”