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Entrepreneurship at FAU



Creating the next generation of leading entrepreneurs is embedded into FAU’s fabric. From faculty innovations that spawn new companies to students programs that provide unmatched mentoring to successful business leaders teaching on campus, the university has a dynamic and growing entrepreneurial ecosystem.


Budding entrepreneurs can take a kernel of an idea for a business, protect its underlying intellectual property, develop it, polish and grow it, launch and house a start-up and finds venture funding. They can do that all on campus.

The university provides any entrepreneurial venture a deep pool of talent with world-class education. It drives innovation through its research and discoveries. And it contributes to the region's economic growth as an engine spurring new companies that create high-paying jobs.

Success Stories


Candidate.Guru

Candidate.Guru, an FAU Tech Runway Venture Class 2 company, is a 21st century employment recruitment firm founded by former recruiter Chris Daniels, who ventured on his own after growing frustrated with the current recruiting tools and technology.

“People would look good on paper, but when you talked to them, you knew they wouldn’t be a good culture fit for the company,” said Daniels.

He and his collaborators developed predictive software that analyzes hundreds of pieces of data and extracts pertinent information that helps determine which job candidates would be a good fit. The data analyzed includes a person’s hobbies and interests, the types of technologies they use and whether they are willing to relocate for work. “Going through FAU Tech Runway was a huge part of getting us prepared to raise capital,” Daniels said. Candidate.Guru placed first in the Florida Early Stage Capital Conference hosted by the Florida Venture Forum, and received $100,000 in prize money.

Candidate.Guru has already raised $1.2 million in financing. Daniels said the company is on track to be in excess of $1 million in revenue by the end of 2017.

INTERACT

Components of Interventions to Reduce Acute Care Transfers or INTERACT, a quality improvement program designed by researchers at Florida Atlantic University, were implemented in phase I of The Centers for Medicare & Medicaid Services’ (CMS) Initiative to Reduce Avoidable Hospitalizations among Nursing Home Residents. CMS’ initiative, made possible by the Affordable Care Act, is designed to affect hospitalization rates by directly changing practices at the facility level.

This initiative involves seven enhanced care and coordination providers (ECCPs) consisting of academic institutions, quality improvement organizations, a health care provider network, and a hospital association. Since 2013, these ECCPs have partnered with 144 nursing facilities in seven states (Alabama, Indiana, Missouri, Nebraska, Nevada, New York, and Pennsylvania) to implement strategies aimed at reducing hospitalizations and improving care for fee-for-service, and long-stay nursing facility residents whose care is funded through Medicare, Medicaid, or the Veterans Administration.

Modernizing Medicine

Researck Park-based Modernizing Medicine has signed a memorandum with Palm Beach State College (PBSC) to create an innovative training hub at the college's new Loxahatchee Groves campus for students preparing for health information technology careers and medical professionals learning to use systems for digitizing and managing patient records.

In exchange, Modernizing Medicine, which employs approxiamately 600 people, would have access to certain campus facilities to provide training to its customers.

Leaders from the College and Modernizing Medicine expect the relationship to be a win-win as physicians and other health care providers work to fulfill federal mandates to digitize patient medical records. Labor market data projects a boom in health information technology jobs. In Florida alone, medical records and health information technology jobs are expected to grow 17.6 percent from 2015 to 2023, according to Bureau of Labor Market statistics.

Dan Cane, CEO and co-founder, has followed a unique and tremendously effective strategy of raising equity crowdfunding from its customers, about 100 of them. Modernizing Medicine is Daniel's second Unicorn and has recently crossed $100 million in revenue.



 Last Modified 9/21/17