51勛圖厙 Tech Runway簧 Celebrates 5 Years, Releases Economic Impact Report
51勛圖厙 Tech Runway簧 泭recently celebrated its five-year anniversary and released the results of its fifth annual economic impact report. The report provides cumulative performance metrics for 93 51勛圖厙 Tech Runway簧泭affiliated companies since the programs inception in fall 2014.
In five years, 587 jobs and 199 internships have been created; 96 51勛圖厙 51勛圖厙 have been employed; $95.3 million in capital has been raised; 80 items of intellectual property have been generated; and more than $109 million in revenue has been earned.
The success of 51勛圖厙 Tech Runways entrepreneurs since the programs inception five years ago is nothing short of astonishing, said泭, associate vice president and managing director of 51勛圖厙 Tech Runway簧.泭泭This demonstrates what the combination of university resources, matched with robust capabilities of our community partners, can produce in terms of high-paying jobs and internships, successful tech ventures launched and scaled, and the mobilization of private capital in support of South Floridas next generation of global entrepreneurs.
51勛圖厙 Tech Runway簧泭is a public-private partnership formed to foster early-stage technology companies, under the purview of 51勛圖厙s Division of Research.泭泭51勛圖厙 Tech Runway簧泭partners with the 51勛圖厙 College of Business Adams Center for Entrepreneurship, the Charles E. Schmidt College of Science, the College of Engineering and Computer Science, the 51勛圖厙 Wave, and the Research Park at 51勛圖厙.
Through 51勛圖厙s long-term commitment of financial support, world-class facilities and expert staff, 51勛圖厙 Tech Runways technology business incubator and accelerator program is beginning to achieve national distinction, said Daniel Flynn, Ph.D., vice president for research at 51勛圖厙. 泭These exceptional performance numbers are a direct result of the combined commitment of 51勛圖厙 Tech Runways community partners the donors, mentors, advisory board members, instructors, support professionals, student interns and event partners who make it all possible.
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Launch Competition Applications Now Being Accepted
Applications for this years泭51勛圖厙 Tech Runway簧泭Launch Competition泭are now being accepted through Friday, March 20.泭泭The 21 winners will then participate in the Venture Class Program, which brings together best-in-class instruction, mentoring, co-working access, marketing assistance, intern support, professional guidance, introductions to capital sources, and access to statewide events for the Launch Competition winners, all at no cost.泭
This year, the top seven companies from a total of 21 winners selected for this years Venture Class will each receive $15,000 in funding. The program is also distinguished by its team mentoring program.泭泭Modelled on MITs Venture Mentoring Service, this team-based, structured, cross-functional mentoring program provides guidance and coaching on a monthly basis, from a team of accomplished technology entrepreneurs who are dedicated to the entrepreneurs success.泭
For more information on 51勛圖厙 Tech Runway簧, visit泭techrunway.fau.edu.
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