�������ϲ���ʷ��¼

�������ϲ���ʷ��¼ Tech Runway® Celebrates 5 Years, Releases Economic Impact Report

---

�������ϲ���ʷ��¼ Tech Runway^® ��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 �������ϲ���ʷ��¼ Tech Runway^®��affiliated companies since the program’s inception in fall 2014.

In five years, 587 jobs and 199 internships have been created; 96 �������ϲ���ʷ��¼ students 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 �������ϲ���ʷ��¼ Tech Runway’s entrepreneurs since the program’s inception five years ago is nothing short of astonishing,” said��, associate vice president and managing director of �������ϲ���ʷ��¼ Tech Runway^®.����“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 Florida’s next generation of global entrepreneurs.”

�������ϲ���ʷ��¼ Tech Runway^®��is a public-private partnership formed to foster early-stage technology companies, under the purview of �������ϲ���ʷ��¼’s Division of Research.�����������ϲ���ʷ��¼ Tech Runway^®��partners with the �������ϲ���ʷ��¼ College of Business’ Adams Center for Entrepreneurship, the Charles E. Schmidt College of Science, the College of Engineering and Computer Science, the �������ϲ���ʷ��¼ Wave, and the Research Park at �������ϲ���ʷ��¼.

“Through �������ϲ���ʷ��¼’s long-term commitment of financial support, world-class facilities and expert staff, �������ϲ���ʷ��¼ Tech Runway’s technology business incubator and accelerator program is beginning to achieve national distinction,” said Daniel Flynn, Ph.D., vice president for research at �������ϲ���ʷ��¼. ��“These exceptional performance numbers are a direct result of the combined commitment of �������ϲ���ʷ��¼ Tech Runway’s community partners – the donors, mentors, advisory board members, instructors, support professionals, student interns and event partners who make it all possible.”

��

Launch Competition Applications Now Being Accepted

Applications for this year’s���������ϲ���ʷ��¼ Tech Runway^®��Launch Competition��are now being accepted through Friday, March 20.����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.��

This year, the top seven companies from a total of 21 winners selected for this year’s Venture Class will each receive $15,000 in funding. The program is also distinguished by its team mentoring program.����Modelled on MIT’s 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.��

For more information on �������ϲ���ʷ��¼ Tech Runway^®, visit��techrunway.fau.edu.

-�������ϲ���ʷ��¼-

Tags: faculty and staff | community | research | technology