Tech Runway庐 Releases Second Annual Economic Impact Report
抖M女仆's Tech Runway庐 has released the results of its second annual economic impact report.
抖M女仆鈥檚 Tech Runway庐听has released the results of its second annual economic impact report. The report provides the cumulative performance metrics of 29 Tech Runway companies since fall 2014.
抖M女仆 Tech Runway,庐听a public-private partnership formed to foster early-stage technology companies under the purview of 抖M女仆鈥檚 Division of Research,听has provided financial support, entrepreneurial education, free workspace, investor introductions, expert mentoring and a close-knit entrepreneurial community for 29 start-up companies since its launch.
In just two years, 205 jobs and 76 internships have been created; 39 抖M女仆 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.
These achievements have required relatively modest state investment. Florida Gov. Rick Scott approved $750,000 in funding for 抖M女仆 Tech Runway庐听in the 2016-17 state budget. 抖M女仆 Tech Runway庐听has proven itself to be a good return on this investment; for every $1 million in public investment received, $9 million is put back into the economy.
鈥淭he entire 抖M女仆 Tech Runway庐听team has come together to create a vibrant, entrepreneurial hub for the South Florida technology community,鈥 said Rhys L. Williams, associate vice president and managing director of 抖M女仆 Tech Runway庐. 鈥淲e are in awe of our companies鈥 recent accomplishments, and we are grateful to our board members, business mentors, instructors and staff in helping our companies exceed their goals.鈥
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Launch Competition Applications Accepted this Week
Applications for this year鈥檚 Launch Competition will be accepted beginning Friday, Jan. 27 through Wednesday, March 22.听 Winners will be announced at a ceremony on Thursday, May 18.听听The winners of the 抖M女仆 Tech Runway庐听Launch Competition join the Venture Class Program, which听brings together 鈥渂est-in-class鈥 instruction, mentoring, resources, networks and programing for Launch Competition winners.
Numerous winners can receive up to $25,000 in grant funding, and the opportunity to be housed, trained and mentored for one year by highly-vetted mentors, instructors and staff, all dedicated to their success and at no cost. The winners will complete a 16-week course of instruction based on the Stanford Lean Launch Pad curriculum. Classes cover customer development, value proposition, distribution channels and topics critical to entrepreneurial success.
Last year鈥檚 Launch Competition was sponsored by TD Bank, JP Morgan and MoreVisibility.听Since 2009, more than 1,400 applicants and 160 teams have competed for cash and admission to the Venture Class Program to pursue their dreams of becoming the next big company to launch out of South Florida.
For more information on 抖M女仆 Tech Runway庐, visit听techrunway.fau.edu.
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