New startup companies will get mentoring, office space and other support through Tech Runway, a new program at Florida Atlantic University.
About $1 million was earmarked for FAU's program in the 2014-2015 state budget recently signed by Gov. Rick Scott, according to a report in the Sun Sentinel. Kimberly Gramm, assistant dean and director at FAU's Adams Center for Entrepreneurship, told the Sun Sentinel that Tech Runway will build on the work of the Adams Center, which helps startups become revenue-generating businesses, and will focus on even earlier-stage companies.
The new funding will help at least six startups, and the first group will be the recent business plan competition winners. The university will accept applications from the public starting this fall for the spring program.
About 27,300 square feet of space in FAU's Research Park near Boca Raton Executive Airport will be available to Tech Runway.