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 of 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; shared printer and fax services; and access to its server closet. In addition mentoring services are available to residents that need it through the extensive network of the Enterprise Development Corporation (EDC). This network offers access to highly experienced attorneys with experience in valuations and investment strategies, sources of investment capital, sophisticated CPAs who help with tax strategies and seasoned entrepreneurs who are eager to share their experiences.
The TBI currently hosts 22 technology companies, some occupying more than one office in the early stages of development in various industries such as:
Importantly, the TBI is also home to the EDC, the regional Internet Coast and 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 .
Some of the most seasoned investors in the state of Florida are located in South Florida, and banded together to form New World Angels (NWA), a structured angel investment group. EDC manages much of NWA’s activities and so the group is headquartered in the TBI, giving our residents immediate access to savvy investors who can mentor and work with them to perfect their investment pitches and provide other useful feedback.
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.
 Florida Institute for the Commercialization of Public Research: Background, July 6, 2011