Research Park at FAU based FloSpine launches StartEngine campaign for next phase in company growth
Together with FloSpine, the Research Park at Florida Atlantic University® is pleased to announce that FloSpine is launching an investment offering through StartEngine, in preparation for a new spinal implant product launch. The full offering can be found at: startengine.com/flospine.
FloSpine researches and develops innovative and high-end instruments and medical devices for spinal implants. FloSpine currently has three product lines cleared by the FDA and has a revolutionary new fusion product which is currently under review with the FDA, with an expected launch date in Q1 of 2023.
FloSpine was approached by StartEngine, which is strategically partnered with Kevin O’Leary “Mr. Wonderful”, as the ideal Medical Device company to launch a capital investment raise. StartEngine gives private investors the unique opportunity to get in on the ground floor and invest in a medical device & spinal implant business, starting at just $300.
Since its first product launch in 2015, over 20,000 FloSpine products have been implanted in patients around the USA. In the process, Harris and his team have defied conventional norms, successfully building the company using his own funds and sweat equity to-date, generating $8.5 million in sales, including $1.65 million in 2021.
Peter Harris, Founder and CEO of FloSpine, a spine industry expert for over 20 years, said: “We are very excited to be raising growth capital for FloSpine on the hugely successful crowdfunding platform, StartEngine. Typically, companies work privately with high-net worth investors, venture capital, and angels, where all parties have to be accredited. FloSpine, in partnership with StartEngine gives the power back to everyday people, to begin investing in a cutting-edge business from the comfort of their own homes.”
Dr. John Afshar, MD, neurosurgical spine surgeon at Palm Beach Neuroscience Institute (West Palm Beach, FL), commented “I’ve always been impressed with FloSpine’s ability to innovate meaningful products that I use every day. Their engineers move quickly to improve the design frustrations that large companies’ products have left behind. I’m very excited for their next generation expandable interlaminar fusion device that will catapult their innovation to the next level and provide better care for my patients. “
Participating in the Research Park at FAU’s Global Ventures second-stage entrepreneurial support initiative has enabled the company to access highly qualified and motivated graduate students from FAU’s College of Engineering and Computer Science who have become full-time employees, access to specialized equipment at Florida Atlantic University and connections to its research faculty. Global Ventures recently announced that FloSpine is a finalist in the Florida Companies to Watch award, hosted by GrowFL.
About FloSpine, LLC
FloSpine, LLC is a privately held US medical device company offering products for addressing complex deformity spine problems, minimally invasive spine surgery and thoracolumbar degenerative conditions. For more information, please visit FloSpine at www.flospine.com. Statements made in this press release that look forward in time or that express beliefs, expectations or hopes regarding future occurrences or anticipated outcomes are forward-looking statements. A number of risks and uncertainties such as risks associated with product development and commercialization efforts, expected timing or results of any clinical trials, ultimate clinical outcome and perceived or actual advantages of the Company’s products, market and physician acceptance of the products, intellectual property protection, and competitive offerings could cause actual events to adversely differ from the expectations indicated in these forward-looking statements.
About the Research Park at Florida Atlantic University®
The Research Park at Florida Atlantic University® is home to technology companies and research-based organizations working to support the research and development activities of Florida Atlantic University and to foster economic development and broaden the economic base of Broward and Palm Beach counties. The Research Park at FAU hosts Global Ventures, an international soft-landing center for second-stage technology companies and FAU Tech Runway, a South Florida public-private partnership that serves as a hub to accelerate technology development and incubate startup companies. The Research Park at FAU is a 70-acre destination for R&D companies to thrive, established in 1985, it is widely regarded as South Florida’s laboratory for new entrepreneurial ideas and technologies. The Research Park at FAU is governed by the Florida Atlantic Research and Development Authority, an independent special district created by Palm Beach and Broward counties in partnership with Florida Atlantic University, organized under Chapter 159, Part V, Florida statues.
For more, see www.Research-Park.org or www.GlobalVenturesFAU.org.