Newswise — Applications are being accepted for the second class of Venture Vintage companies at Florida Atlantic University’s Tech Runway. Startups are sought in all industries with an emphasis in technology. The deadline for applications is Saturday, Jan. 31.
The program application process includes a business plan, pitch deck, three letters of recommendation and a bio for each founder. The criteria for evaluation will include, but is not limited to, the market opportunity, distinctive competence/competitive advantage, financial understanding of revenue model and investment potential. The five selected companies will receive a $25,000 non-equity grant, participate in a 16-week intensive boot camp as well as a mentor-driven program, and will be provided collaborative workspace for one year. Participating companies also will have the opportunity to work with faculty and students throughout the boot camp.
Supported by FAU and the state of Florida, Venture Vintage launched in October 2014 with five companies in its pilot group. The first class is still in the program and includes:
• BedABox is a company that simplifies shopping and shipping outside the country.• Design Comfort Shoes has a patent-pending comfort system for high-heeled shoes. • Interact TEAM provides training, education and consulting services to the long-term care industry. • Stand4 is a website that connects individuals, charities and corporations to enhance the charity donation process. • Modulux Lighting provides more light with less power through its LED lighting fixtures.
Companies that apply for Venture Vintage II may be pre-launched to commercial stage, typically with less than $500,000 of funding and less than $1 million in revenue. CEO/founders must commit to participate in all boot camp classes and mentor meetings and accept the terms of the program. For full application guidelines or to apply, visit techrunway.fau.edu.
For more information, contact Kimberly Gramm at 561-297-0927 or [email protected]. - FAU –
About Florida Atlantic University: Florida Atlantic University, established in 1961, officially opened its doors in 1964 as the fifth public university in Florida. Today, the University, with an annual economic impact of $6.3 billion, serves more than 30,000 undergraduate and graduate students at sites throughout its six-county service region in southeast Florida. FAU’s world-class teaching and research faculty serves students through 10 colleges: the Dorothy F. Schmidt College of Arts and Letters, the College of Business, the College for Design and Social Inquiry, the College of Education, the College of Engineering and Computer Science, the Graduate College, the Harriet L. Wilkes Honors College, the Charles E. Schmidt College of Medicine, the Christine E. Lynn College of Nursing and the Charles E. Schmidt College of Science. FAU is ranked as a High Research Activity institution by the Carnegie Foundation for the Advancement of Teaching. The University is placing special focus on the rapid development of three signature themes – marine and coastal issues, biotechnology and contemporary societal challenges – which provide opportunities for faculty and students to build upon FAU’s existing strengths in research and scholarship. For more information, visit www.fau.edu.
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