Connecting technology and business
Gainesville-- Gainesville is the birthplace of many tech start-ups thanks to the support of the University of Florida and Santa Fe College. One financial organization is working with entrepreneurs around the state to make their technology a business.
Jackson Streeter with the Florida Institute Commercialization of Public Research says, "C capital is the very first money that comes into a company outside of maybe friends and family " And when it comes to starting a business, securing investment is crucial. Here in the sunshine state, an organization called the Florida Institute is helping tech start-ups do just that.
"So if we have an entrepreneur and a company that has a technology that's working in let's say cyber security and we know of a complementary technology that's available for license at one of the universities, we can connect those two things together." The institute aims to connect science and technology with business and finance.
One of their featured companies a software company in the ad industry, "Admiral" is based right here in Gainesville.
Streeter says the institute works with incubators like the Innovation Hub. "Primarily it is in the hubs where there are the big universities… Florida State, Florida, USF, Miami, UCF..." By connecting these groups, new tech companies can get their big break and investors can buy shares in successful companies. "And that adds to the company's value and their offering what they're trying to do and it also moves technologies out of the universities and institutes and get them to commercialization," says Streeter. So far they've helped fund more than 50 companies in the state.
To learn more about the Florida Institute, click here.
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