Ƶ Tech Runway Announces Fifth and Largest Class
Ƶ’s Tech Runway®has selected its fifth and largest Venture class of startup and early-stage companies to participate in its business accelerator program.
This year, four companies will receive a $25,000 non-equity grant, participate in a 16-week intensive boot camp, engage in a rigorous year-long mentoring program with a team of five accomplished business mentors, and will be provided a workspace for one year. The four companies are:
- VideopuraLLC is a video services company with patent-pending technologies to reduce the bandwidth necessary for video services.
- is a secure, convenient, and easy way for residents and guests to gain access to gated communities via smart devices. Tap2Open allows residents and invited guests enter a gated community or secured door at the push of a button on their smart phone or device.
- delivers enterprise network security by turning the tables on hackers, dynamically counter-engaging the adversary, causing them to absorb the expense of attack and eliminating them as a threat.
- is an innovative software company founded by physicians focused on solving several of the chronic problems plaguing our industry. Hubspring provides a cure for these chronic conditions and enables healthcare organizations to embrace the future with its innovative and powerfully flexible platform, The Hub.
In addition, 16 more companies were awarded based on various tracks including, community, student and faculty. This will give them many of the same benefits as the prior four companies, minus the $25,000 grant. Six companies are still in the process of being selected and confirmed, however, the 11 companies already identified are:;;;;; SlideMap; PAPER;;;; and PQSecure Technologies LLC.
“A record number of companies entered the 2017 Ƶ Tech Runway Launch Competition. They significantly raised the bar, in terms of their quality and breadth represented,” said, associate vice president for research and the managing director for Ƶ Tech Runway®. “Consequently, this year’s winning Venture Class will be expanded by 50 percent to 21 companies. After they complete our year-long program, many of these companies will no doubt make a profound impact upon the region’s entrepreneurial ecosystem.”
Under the purview of the Ƶ Division of Research, Tech Runway®is a public-private partnership formed to foster technology start-ups and early-stage companies. Since its inception in late 2014, 205 jobs and 76 internships have been created; 39 Ƶ students have been employed; 136 corporate partnerships have been created; more than $8 million in revenue has been earned; and more than $19 million investment capital has been raised.
“Ƶ Tech Runway serves as a core entrepreneurship hub for Ƶ and as a key resource for the regional technology eco-system,” saidDaniel C. Flynn, Ph.D., Ƶ’s vice president 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.”
For more information on Ƶ Tech Runway®,visittechrunway.fau.edu.
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