About the Technology Business Incubator®

 

The C. Scott Ellington Technology Business Incubator (TBI) was designated as such in December 2010 by the Research Park at Florida Atlantic University Board of Directors to honor the late Scott Ellington’s contributions to developing a sustainable and nurturing environment for entrepreneurs. 

 

The Technology Business Incubator is designed to assist companies in the early stages of development and to the greatest extent possible, lighten the burdens of running a business for the entrepreneur, thereby letting him/her focus on developing the technology and finding new customers.  The TBI currently offers certain services to all its residents, such as: conference facilities with telephone conference capability; shared kitchen area; and access to its data center facility. 

 

The TBI currently hosts 20 technology companies in the early stages of development in various industries such as pharmaceutical development, software and app development, and advanced electrical engineering applications.

 

Importantly, the TBI is also home to the Florida Institute for the Commercialization of Public Research.  This entity was created by the State Legislature in 2007 to act as a central repository for all of the commercialization-ready technology from the Technology Transfer Offices of the eleven state universities.  The Institute enables interested parties to evaluate potential opportunities and facilitates the process by which these discoveries enter the commercial marketplace. The Institute showcases technologies and products developed by publicly supported organizations across the state, and commercially-viable discoveries are paired with seasoned entrepreneurs and investors to ensure their growth and success [1].

 

One of the other crucial success factors for startups is early access to capital.  The TBI also houses South Florida's largest structured angel investment group, New World Angels (NWA).  By headquartering NWA in the TBI, our companies have immediate access to savvy invesors who can mentor and work with them to perfect their investment pitches and provide useful feedback.

 

In addition to the Institute and NWA, the TBI is also home to the South Florida Technology Alliance, the premier networking and membership association for the South Florida Tech Community.  By creating an environment that nurtures technology transfer, cultivates networking relationships, and provides valuable access to capital and mentorship, the TBI has positioned itself as the premier destination for startups that are looking to grow in the South Florida market.

 

The Technology Business Incubator is an important asset to entrepreneurs emerging from FAU – students, recent graduates and faculty.  The TBI gives them a location in which to base their company while remaining close to the facilities of the University, and access to outside sources of knowledge and input.  Since 2009 FARDA has actively supported FAU’s Business Plan Competition and has awarded free space to the winner. 

 

The TBI is a proud member of the NBIA
 

 

The TBI is a proud member of the FBIA

 


[1]  Florida Institute for the Commercialization of Public Research: Background, July 6, 2011