FAU Tech Runway
  recently hosted its annual Launch Competition, providing promising startups in South Florida with an opportunity to compete to join its year-long accelerator program.

Among the 20 companies joining its eighth Venture Class, seven of these will receive a $7,500 cash investment award. 

The 20 winners representing community, faculty and student tracks were selected by a panel of judges, including successful entrepreneurs, technology investors, entrepreneurship professors, economic development professionals, philanthropists, and commercial bankers.

This year’s seven cash investment award winners are:

  • Clearway Global: a medical foods company focused on sickle cell disease, an inherited blood disorder affecting hemoglobin.
  • Lab in a Window: an educational technology platform for distance-based college-level engineering instruction.
  • AerLogs: a SaaS-based data company that organizes maintenance, repair, and warranty information on a blockchain platform for the aviation and defense industries. 
  • Cloudsyte: a cloud-based supply chain automation platform for small and medium-sized businesses.
  • Guident: an advanced artificial intelligence-assisted, remote tele-monitoring and control center for autonomous vehicles.
  • OneTouch: a warehouse distribution solution for consumer product SKUs allowing for 100 percent automation, ensuring that each product is only touched once after initial receipt.
  • LifeMetrics: an iOS app providing a daily questionnaire embedding psychology-based questions to enhance wellness, health, and productivity.

 

Also accepted into the free accelerator program, which includes co-working access, were: Emergent Healthcare; Imanyco; Polka Box; My Smart Uncle; HEALTHdrum.com; The Platypus; NEPTUNYA; DCMETRIX; SPods; TeleCare; GetSpeedBack; Cellucis; and FloraScentials.

 “Entrepreneurs submitted a record number of applications and we can’t wait to work with this new group of entrepreneurs over the next year,” said Rhys L. Williams, managing director of FAU Tech Runway, a public-private partnership. “We are confident that this Venture Class will leave its mark as South Florida’s next generation of global entrepreneurs.”  

Nearly 70 MIT program-trained mentors, instructors, and staff serve as mentors, trainers, and support professionals.  In five years, 587 jobs and 199 internships have been created; 96 FAU students have been employed; $95 million in capital has been raised from all sources, and more than $109 million in revenue has been earned, Tech Runway said.

Two recent Tech Runway graduates, Intercept TeleMed and Real Street X, recently won their tracks in the Miami Herald Pitch Competition.

More information:  techrunway.fau.edu.

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Nancy Dahlberg
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