The Florida Atlantic Research and Development Authority, which governs the Research Park at FAU, is an economic development partnership between Florida Atlantic University and Palm Beach and Broward counties. Research Park supports and promotes research and development among its tenant companies, while fostering economic development throughout the two counties. We are pleased to report our 2017 results to you, our community.
Economic Impact of Research Park at FAU activities
*does not include FAU Tech Runway impacts
“For more than 30 years, the Research Park at FAU has been an integral part of the University community. By having forward-thinking companies employ our students right on campus, we have been able to provide a rich academic experience and bestow upon students the opportunity to explore real world applications for their studies.” – Gary W. Perry, Ph.D., Provost
Business Headlines (1/2)
Modernizing Medicine, developer of the Electronic Medical Assistant, was named to the Inc. 5000 list as one of the fastest growing private companies in the country for the third consecutive year, coming in at No. 1,049 in 2017. The company received a $231 million equity investment from Warburg Pincus, a global private equity firm
U.S. Rep. Ted Deutch visited Dioxide Materials during Economic Development Week to help recognize the popularity and success of starts ups. It’s an exciting time for startups in South Florida, an area that’s quickly becoming a national leader in technological innovation, Deutch said.
“Companies like Dioxide Materials in the Research Park at FAU are advancing research in partnership with academic researchers and students,” said Andrew Duffell, president and chief executive officer of the Research Park at FAU. “With startups playing such an important role in job creation, research parks are vital components of our economic development strategy.”
MobileHelp, a leader in mobile medical alert and personal health management solutions, signed a definitive agreement to be acquired by ABRY Partners, a Boston-based private equity firm with a track record of investments in mission critical business and information services
GrowFL named Yachtico Inc., an online yacht rental service company, a “Florida Company to Watch.” Four companies in the Research Park have won the distinction of being named “Florida Companies to Watch” since 2012. GrowFL supports second-stage growth companies.
Business Headlines (2/2)
BocaVR is a community of virtual reality developers, instructors, entrepreneurs, investors, engineers, artists and early adopters whose goal is to promote affordable and accessible immersive VR and augmented reality
Aerospace Technologies Group, Inc. (ATG), a developer, manufacturer and supplier of window shade systems for private and commercial aviation, has been named a finalist for the Florida Sterling Manufacturing Business Excellence Awards. The accolade is given for continuous improvement, manufacturing best practices and performance excellence by the Florida Sterling Council.
“To be chosen as a finalist among such an outstanding group of companies is an honor,” said Simon Kay, president & CEO of the company. “ATG is excited to contribute to the growth of business in our great state of Florida.” For more information on this accolade, click here.
Scientific & Collaboration Headlines
Silvia Pella, Ph.D., teaches as an adjunct professor in FAU’s Department of Physics, while maintaining a full schedule of patients at South Florida Radiation Oncology/21st Century Oncology at the Research Park at FAU. The proximity of the park to the university makes Pella’s days less arduous, allowing her to teach in the classroom and in the field. Pella has demonstrated her passion and commitment to medical physics and the university by creating a student scholarship.
Biim Ultrasound’s linear probe and software app, based on technology invented by former FAU professor William Glenn, received Food and Drug Administration clearance as a diagnostic ultrasound system technology.
The Charles E. Schmidt College of Medicine is celebrating its newly expanded 15,000-square-foot, state-of-the-art Clinical Skills Simulation Center, which has trained more than 3,000 practicing nurses, hundreds of medical residents and medical students and addressed the training needs of adult living and skilled nursing facilities.
Florida Gov. Rick Scott approved $1,016,115 in funding for FAU Tech Runway in the 2017-18 state budget. For every $1 million in public investment the group received, $19.4 million is put back into the economy.
Dioxide Materials and FAU’s Institute for Sensing and Embedded Network Systems Engineering continued to evaluate a low-cost, low-power, wireless CO2 sensing system for heating ventilation and air conditioning applications. The partnership submitted a proposal and a paper to the Advanced Research Projects Agency-Energy at the U.S. Department of Energy, which funds high potential, high impact energy technologies.
Lonnie Maier, Robert Parks, Bruce Rosetto, Susan Whelchel, Bob Swindell, Michael Daszkal, Dan Flynn (named from left to right)
The accomplishments and successes described in this report are the result of the leadership of the members of the Florida Atlantic Research and Development Authority. FARDA is grateful for its economic development partnership with Palm Beach County