Exciting News From The Florida Institute

Building Companies, Changing Lives

Issue 15- March 2014

Florida Technology Seed Capital Fund Invests in flexReceipts

The Florida Technology Seed Capital Fund, LLC (FTSCF), a subsidiary of the Florida Institute, provided financing to flexReceipts this month. The FTSCF provides funding to qualified companies who must raise private matching investment capital, and flexReceipts will use the funds to accelerate product launch and business development activities.  


The company has developed an easy-to-use, eco-friendly option for storing, tracking, organizing, retrieving and sending receipts when needed, enabling consumers to manage returns and exchanges, receive discount notices, submit warranty and rebate claims and register products more quickly and accurately. Its proprietary technology, initially developed at Florida Atlantic University, integrates directly with retailers' Point-of-Sale ("POS") systems and provides retailers with superior data analytics and consumer engagement tools. flexReceipts is based in Orlando and plans to hire over 30 employees over the next three years. 



Scott M. Lewit, President of Structural Composites

Accepts 2014 Alan J. Freedman Award

The National Marine Manufacturers Association (NMMA) honored Scott M. Lewit with the 2014 Alan J. Freedman Memorial Leadership Award at the State of the Recreational Boating Industry Breakfast held at the Progressive Insurance Miami International Boat Show & Strictly Sail in February. NMMA's Accessory Manufacturers Division (AMD) introduced the Freedman Award in 1984 to recognize individuals who, throughout the course of their careers, have made outstanding contributions to the marine accessories industry through leadership, creativity and personal motivation. 


Institute-assisted Paracosm Featured on Google’s Project Tango

Paracosm contributed dense mapping to Google ATAP’s Project Tango, which is real-time mapping of complex and arbitrary indoor scenes in variable lighting conditions. In addition to the user interface and integration, Paracosm worked on the core technology. 


New Member Joins Institute Leadership Circle

The Institute welcomes Hutchison PLLC as the newest member of the Leadership Circle. Hutchison PLLC represents many premier technology and life science companies, with a strong focus on working with emerging-growth companies from inception through exit. Providing counsel on venture capital and private equity financing matters, mergers and acquisitions, licensing, securities law, intellectual property protection and employment law, Hutchison PLLC is known for coupling comprehensive legal advice with tactical business solutions.


Statewide Angel Network Forming

The Florida Angel Nexus (FAN) is a statewide network of angel investors and investment groups with the mission to connect qualified companies to investors. FAN has an excellent pipeline of quality deal flow, providing members with investment opportunities from numerous sources. Their network of resources will facilitate proper due diligence and assist in the development of successful companies. Future updates and developments are forthcoming. For more information contact jamie.grooms@florida-institute.com.



Startup Quest™ Launching Near You-

Program Seeking Mentors and Participants

Startup Quest is an exciting 10-week entrepreneurial training program being implemented in eight regions across the State of Florida. The program teaches unemployed and underemployed professionals the process of creating business plans to bring new inventions and technologies to market. Last month, the program was launched in Volusia and Hillsborough counties. For more information contact susan.scully@florida-institute.com.


About Us

The Institute delivers company building and funding programs to facilitate new venture and job creation through commercially-viable technologies in major industries that are driving the global economy. In addition to providing company support services,  the Institute manages the Seed Capital Accelerator Program launched in 2011, and the Florida Technology Seed Capital Fund launching in 2013. For more information, visit www.florida-institute.com.


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