FAU Tech Runway serves as a hub to accelerate technology development and incubate student, faculty and community startup ventures. Since 2014, it has created nearly 300 jobs, generated more than $23 million in sales revenue and launched 52 startup companies that collectively have raised more than $46 million in capital.
It offers collaborative workspace for entrepreneurs to house, educate, mentor and fund their companies from inception through to venture funding.
Stimulating Economic Development
The Research Park at Florida Atlantic University provides a supportive environment where companies engaged in the research and development of new and innovative products can thrive. The university provides many essential resources necessary for the success of its tenants.
The Research Park is home to 24 high-tech, high-wage companies and five support organizations, including the premier Technology Business Incubator in our region; New World Angels, a structured angel investor group; and the Institute for the Commercialization of Public Research, a clearing house for Florida’s technology transfer offices and other publicly funded research institutes.
Taking Inventions to Market
FAU faculty work on breakthrough discoveries and new technologies that advance our society in health, engineering, the environment, basic science and more. That’s when FAU’s Office of Technology Development steps in. It guides intellectual property and the innovations to market by providing advisement on legal protections, commercialization strategies and licensing deals.
Creating Entrepreneurial Leaders
The Adams Center for Entrepreneurship brings students, faculty and the community together in the spirit of entrepreneurship to fuel the innovation needed to create new opportunities in the ever-changing global marketplace.
If offers an entrepreneur boot camp for small business owners and an entrepreneur-in-residence program where students, faculty and alumni get one-on-one mentoring. The center also administers the FAU Business Plan Competition.
Expert Business Advisors
We’re home to the Small Business Development Center at FAU, which provides intellectual capital and expertise to meet the needs of existing and emerging small business owners in Broward and Palm Beach counties.
Certified business consultants work with business owners one-on-one at no cost to help them with marketing, government contracting, strategic planning, access to capital, loan proposal development, cash flow management and more.
The I-Corps South regional cohorts curriculum is a five-week program for teams of two to four persons interested in commercializing research. The course consists of a one-day kickoff workshop, customer discovery interviews and a one-day closing workshop.
Participants are eligible for a $50,000 National I-Corps grant to cover travel costs as they interview prospective customers. Teams must apply and be accepted in order to participate. Apply now to kickstart your technology journey.
Sparking Students’ Ideas
FAU Wave is an undergraduate research and entrepreneurial competition challenging students to develop innovative ideas targeting societal problems.
e bring diverse students from across the university together to translate novel concepts and technologies into projects, competing against each other for grants and monetary prizes. Some of those projects have become the basis of start-up ventures.
In their final year, students in the College of Engineering and Computer Science work in teams on advanced engineering and computer science projects that address real-world problems. It requires them to ideate, design and produce a solution.
Students work under conditions closely resembling what they will encounter in industry and sharpen their skills in teamwork, time management, self-discipline and technical writing.
From the moment they step on campus, students will find opportunities to dive into high-quality research, scholarship and creative experiences. The Office of Undergraduate Research and Inquiry (OURI) works to integrate research assignments into the curriculum, expand student research opportunities and increase the support for faculty who mentor these students.
In 2017, the national Council on Undergraduate Research recognized OURI with its Award for Undergraduate Research Accomplishments, a major achievement.
Advancing the Social Bottom Line
Students at the Wilkes Honors College are making a difference through entrepreneurship. The college’s Kenan Social Engagement Program provides financial assistance to those who combine the best practices of academic service learning, social entrepreneurship, and public-private partnerships.
The program teaches the fundamentals of social entrepreneurship, helps students develop plans for addressing social needs, assists them in partnering with nonprofits, and aids them in funding a start-up.
The Center for Advanced Knowledge Enablement (CAKE) connects industry partners with faculty to drive innovation. It’s a National Science Foundation-funded Industry/University Cooperative Research Center.
The center is successfully bridging academia, industry and government in a coordinated research effort focused on big data analytics, multimedia and data mining, video and multimedia processing, cloud computing systems and sensors and networks. It’s one of only 15 such centers in the country.
Together with our business community, we drive innovation and create economic opportunity. Industry can tap faculty expertise or connect with alumni or students to hire for open positions. Companies big and small can also access specialized equipment at the university through service agreements.
FAU faculty and students collaborate with many industry partners on research, education and entrepreneurial ventures. We can work with you, your company or firm as it seeks key competitive advantages by partnering with one of the country’s fastest improving and most diverse research universities.
Creating Jobs of the Future
Working in tandem with the Palm Beach County Business Development Board, we’re strengthening our existing businesses one at a time. With fresh ideas attracting new companies into the area, together we’re accelerating the growth of our knowledge-based economic future.
We’re educating a workforce that will be ready for the high-wage, high-tech jobs that our combined efforts support.