Florida Atlantic University’s Tech Runway has selected its second Venture Vintage class of startup companies to participate in the business accelerator program.
The four companies will receive a $25,000 non-equity grant, participate in a 16-week intensive boot camp, and will be provided collaborative workspace for one year. The companies also participate in a formal program for mentoring entrepreneurs and their ventures. The second class of companies are:
· Honorlockoffers award-winning, cloud-based solutions to curb academic dishonesty while remaining non-invasive.
· Tone-y-Bands brings to market unique arm toning wrist weights that can be worn throughout the day to provide a workout from regular activities and improve exercise results.
· Candidate.Guru delivers applications designed to vastly improve the hiring process for companies through the application of big data and machine learning technologies.
· TightTalk Electronics has created the EarDrive audio recording, transcription and translation solution that works with any audio source.
Supported by FAU and the State of Florida, FAU Tech Runway launched in October 2014 with five companies Venture Vintage I (VVI) pilot group. The program is based on two proven models for startup ventures, MIT’s Venture Mentoring Service and Stanford’s NSF-funded Lean Launchpad curriculum. Offered in conjunction with existing resources, FAU Tech Runway provides ventures the complete ecosystem for successful launch.
Applications for a third round of Venture Vintage companies will be solicited and evaluated by FAU Tech Runway later this summer. Startups will be sought in all industries, with an emphasis on technology. The application process includes a business plan, pitch deck, three letters of recommendation and bio for each founder. Criteria for evaluation include but is not limited to the market opportunity, distinctive competence/competitive advantage, financial understanding of the revenue model and the investment potential. For more information on FAU’s Tech Runway, visit techrunway.fau.edu.
Information provided by Tech Runway