91����

91���� Tech Runway® Debuts 2018 Economic Impact Report

---

91����’s��Tech Runway^® ��has released the results of its fourth annual economic impact report. The report provides cumulative performance metrics for 72 Tech Runway-affiliated companies since fall 2014.

91���� Tech Runway^®��is a public-private partnership formed to foster early-stage technology companies under the purview of .��91���� Tech Runway^®��partners with the , the , the , the 91���� Wave, and the .

“What began as a startup itself, 91���� Tech Runway®��has flourished over the last four years into an entrepreneurial hub for the South Florida technology community,” said��Daniel Flynn, Ph.D., vice president for research at 91����. “It’s had such a positive impact on the university’s research initiatives.”

It also has provided financial support, entrepreneurial education, free workspace, investor introductions, expert mentoring, marketing assistance, student interns, and a close-knit entrepreneurial community for 72 early-stage companies since its launch.��

In four years, 351 jobs and 165 internships have been created; 79 91���� students have been employed; more than $64 million in revenue has been earned; and more than $63 million in investment capital has been raised.

��“The breathtaking success of our entrepreneurs over the past four years can be attributed to the combination of university resources matched with robust capabilities of our community partners,” said��, associate vice president and managing director of 91���� Tech Runway^®. “Through its long-term commitment of financial support, world-class facilities, and expert staff, 91���� has built a tech business incubator and accelerator program worthy of national distinction.����The support and commitment of 91���� Tech Runway’s community partners – donors, mentors, advisory board members, instructors, and event partners – has empowered our entrepreneurial support program to reach heights we couldn’t have imagined.”

��

Launch Competition Applications Now Being Accepted

Applications for this year’s����are now being accepted through Friday, March 15. The 21 winners will then participate in the Venture Class Program, which brings together “best-in-class” instruction, mentoring, resources, networks, assistance, introductions, and programs for these Launch Competition winners.��

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. Perhaps of greater value than funding is the opportunity to be housed, trained, and mentored for one year by highly-vetted, MIT program-trained mentors, instructors and staff, all of whom are dedicated to the entrepreneurs’ success and provided at no cost.��

For more information on 91���� Tech Runway^®, visit��techrunway.fau.edu.

-91����-

Tags: technology | community | research