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FAU Tech Runway is a South Florida public-private partnership that serves as a hub to accelerate technology development and incubate startup companies. This incubation and acceleration happens in a 28,000-square-foot collaborative working space that provides entrepreneurs with a complete ecosystem to house, educate, mentor and fund their companies from origination through venture funding. Since its inception in 2014, FAU Tech Runway has launched and served 93 startup companies, which collectively have raised more than $140.1 million in capital, created nearly 720 jobs and generated more than $278.6 million in sales revenue. FAU's Venture Program is a 12-month training that helps startups launch or expand existing business into new verticals. Training includes intensive entrepreneurs bootcamp covering business fundamentals, C-Suite level mentoring, business development planning, implementation, founders' audits, free working space for one year at FAU Tech Runway, introduction to sources of venture financing, and marketing and communications assistance. Additionally, there is the launch competition where a class of 21 venture companies are selected annually, from three separate tracks: community-based entrepreneurs, FAU undergraduate students and FAU faculty, staff and graduate students.
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