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Technology Business Incubator in Boca completes latest expansion

Ten months ago, the Research Park at Florida Atlantic University and Enterprise Development Corporation of South Florida expanded the Technology Business Incubator (TBI) by 5,000 sq. ft. in response to a growing demand.  A second expansion (previously reported on Starting Gate) will be complete this month, adding an additional 10,000 sq. ft. to accommodate a  need for additional space for its current client companies and to house new companies that have been on a waiting list.

The TBI, a location and knowledge resource center for entrepreneurs emerging from Florida Atlantic University – students, recent graduates and faculty – as well as regional entrepreneurs is currently home to 23 early stage high-tech companies as well as the New World Angels and the Institute for Commercialization of Public Research. The most recent expansion brings the TBI to a total of 25,000 sq. ft. and will accommodate an additional 15 companies, with individual offices ranging from 120 to 1,000 sq. ft., said Andrew Duffell, president and CEO of The Research Park at Florida Atlantic University.

The expansion features a 4,000 sq. ft. co-working center operated by Caffeine Spaces. The new and larger space also features a Student Innovation and Invention Lab designed for use by FAU student-based teams working on industry projects. Also included is a dedicated office for the annual FAU Business Plan Competition winner and a kitchen and lounge area. For the emerging company requiring advanced broadband capabilities, the space is wired with Gigabit Ethernet cabling and optic fiber, and includes a server room with back-up battery power and a generator available to host resident company servers.

TBI space is rented on a first-come, first-served basis after a thorough review of the TBI online application. For more information, please contact Christine Burres,ccannon@edc-tech.org.