South Florida Tech HubSouth Florida Tech Hub
11
Jun, 2023

By Nikki Cabus

Boca Raton-based Sage Dental opens 100th high-tech location; elevating efficiency with AI diagnostics

Read Time 4 Minutes

Sage Dental, the largest dental service organization in South Florida, announced the opening of its 100th high-tech location. 

The Boca Raton-based dental service organization (DSO) is committed to providing consistent, high-quality care, as well as non-clinical business and administrative services to affiliated practices. The 100th office followed its acquisition of the Kendall Dental Care in Miami. As part of the company’s ongoing expansion strategy to increase its presence in the Southeastern United States, this milestone represents a critical moment in the evolution of Sage. Since 2020, Sage has nearly doubled the number of practices in its network in Florida and Georgia and, in terms of locations, it is now the largest DSO operating in south Florida.

“Everyone on our team is very proud to achieve this milestone as Sage Dental continues in its mission to make high-quality, affordable dental care available to an increasing number of families and individuals in the regions that we serve,” said President and Chief Executive Officer Thomas Marler.

Sage, which has served more than 1 million patients since 2020, offers general, specialty, and cosmetic dental care, including restorative, prosthodontic, endodontic, pediatric, and orthodontic treatment. As the DSO continues to expand, its leadership team expects to add at least 20 more practices to Sage’s network by the end of 2023.

“Our modern facilities and highly skilled clinicians and support staff, combined with best-in-class dental technologies, have helped to propel our rapid growth. Since Sage was founded more than 25 years ago, dentistry has evolved exponentially, and Sage has continually evolved with it to ensure we deliver patients the best dental care possible,” continued Marler.

As it maintains its focus on future growth, Sage’s dentists, hygienists, and dental support staff will continue providing personalized care combined with the latest tools and technologies – including artificial intelligence (AI) diagnostics – to deliver the best possible oral health care to patients.

In addition to expansion into new regions and the continued growth of its workforce, Sage Dental has established initiatives with its partner Pearl who is leading the global dental AI revolution with groundbreaking computer vision solutions that elevate efficiency, accuracy and the standard of care in dentistry. Pearl is shaping the future of oral healthcare with a suite of FDA-cleared AI solutions developed to elevate the efficiency, accuracy, quality and consistency of dental care. Sage is one of the first DSOs to deploy Pearl’s AI-powered clinical insight solution company-wide, strengthening the standard of patient care across all Sage locations.

“Across all our practices, our team is constantly revisiting ways to help our patients have a better understanding of their oral health and the best treatment options that are available to them,” said Chief Clinical Officer and Senior Vice President Dr. Cindy Roark, DMD, MS. “Using state-of-the-art technologies, our dental professionals foster trust with patients by making more well-informed prognoses and better treatment decisions.”

Last year, Dr. Cindy Roark joined Harvard’s School of Dental Medicine Board of Fellows. In this volunteer role, Dr. Roark joined a group of strategic advisors who serve to further the school’s mission of developing and fostering a community of global leaders dedicated to improving human health by integrating dentistry and medicine at the forefront of education, research and patient care. She has always been an outspoken leader in the deployment of AI-driven solutions to improve the quality of care, accuracy of diagnosis, and overall patient experience.

“Harvard School of Dental Medicine is setting the bar for clinical excellence and innovation in dental technology,” said Dr. Roark. “I am thrilled to be in a position to support its trailblazing mission and to encourage the future leaders of dentistry to explore beyond what is currently believed to be possible in dentistry today.”

“In comparison with some of our competitors, Sage has taken a unique approach to executing our expansion strategy by incorporating, as evenly as possible, a blend of new and acquired practices into our universally branded network,” said Chief Development Officer and Senior Vice President Jim Mizouni. “As we continue to fine-tune and execute our plans to scale the business, our long-term strategy includes expanding into the Mid-Atlantic and Midwest regions.”

Sage is currently accepting new patients at each of its 100 state-of-the-art practices which offer cutting-edge twenty-first century dental technologies, including teledentistry screening appointments, virtual check-ins, online scheduling, and paperless billing.

For more information on Sage Dental, visit https://mysagedental.com/

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11
Jun, 2023

By Nikki Cabus

Miami-based Kind Designs wins Florida Venture Forum’s Aerospace + EmergingTech Forum 2023

Read Time 5 Minutes

The Florida Venture Forum and co-host, Space Florida, hosted the 2023 Aerospace + EmergingTech Forum awarding over $200,000 in cash and VC investment.

The event is a capital acceleration competition and business networking event featuring presentations by some of Florida’s most promising early and mid-stage tech companies bringing together aerospace and tech enthusiasts and investors. The closing reception for the Aerospace Innovation awards was held on June 8th at the newly expanded Groundswell Startup Incubator in Melbourne, Florida. The reception featured speakers, panel discussion, and pitches from the finalists.

The panel discussion featured area tech resources and successfully funded entrepreneurs from companies such as Embry Riddle Aeronautical University, Groundswell Startups, Sensatek Propulsion Technology, Inc. and Helicon. It was moderated by Danielle Mousseau, Manager of Economic Development at 35 Mules, an innovation hub started by Florida Power & Light Company (FPL), a subsidiary of NextEra Energy. FPL was the Title Sponsor of the evening.

Florida Venture Forum is Florida’s largest statewide support organization for investors and entrepreneurs, helping fast-growth companies connect with sources of capital from across the country. Since 1984 more than 2000 companies have presented at Forum events and have gone on to raise upwards of $16B in equity capital, producing billions more in economic value to Florida. The Forum’s 250+ members represent a “who’s who” of venture capital and private equity dealmakers, including equity and debt investors at all stages, as well as major law, accounting, and investment banking firms, and large corporates active in the innovation ecosystem.

The finalists were chosen from a pool of over sixty applicants. The panel of investors reviewed each company’s presentation along with additional supporting materials giving insight into the company’s growth potential. Selected presenting companies were innovative and have a focus in aerospace and/or emerging technologies. This year’s event was one of the most competitive to date.

“The selection of companies from the long list of qualified applicants was made by a committed group of early stage investors. A special thanks to the selection committee for their hours of work and an equal thanks to the companies that provided information and presentations, and made this selection process the most competitive to date,” said Ben Patz, Managing Partner of DeepWork Capital.

“We were incredibly impressed by all the presenting companies and are excited about the opportunities for continued investment in this space,” said, Benjamin Patz, managing partner, DeepWork Capital. “Investing in cutting-edge sectors that stem from the transformative power of emerging and aerospace technology is a strategic move and critical to driving success.”

The “Final Four” winning companies are listed below:

GRAND PRIZE WINNER ($40,000) | Kind Designs

Miami Beach headquartered, Kind Designs (www.kinddesigns.com), is addressing the rising sea-level challenge by 3D Printing structural seawalls that both protect coastal communities and function as artificial reefs, sequester CO2 and have built-in sensors to track essential water quality data. The Living Seawalls are exponentially cheaper and faster to produce and permit than any conventional seawall products on the market.

It’s estimated that by the year 2100, Miami will be completely submerged by water. Kind Designs founder, Anya Freeman, a Ukraine native, lived in Israel before coming to Miami to study law. The love of technology drew her to 3D printing. Originally interested in building 3D-printed homes, Any changed her focus towards seawalls once she learned about the ability to mitigate the effect of climate change and rising sea levels.

In addition to the cash prizes awarded, DeepWork Capital, an early-stage venture capital firm based in Orlando, is announced they will invest $100,000 in Kind Designs.

1ST RUNNER UP ($30,000) | Zulu Pods, Ft. Lauderdale, FL., www.zulupods.com, is an aerospace and defense company who design and manufacture decentralized fluid delivery systems. The company is focused on unitizing part counts on components such as jet engines and/or geartrains, thereby reducing cost, reducing weight and increasing performance. With their patented pod technology, they can drastically reduce part counts for expendable jet engines (think of engines that power drones or missiles) or back-up emergency lubrication systems (think of helicopters or single engine fighter jet engines).

2ND RUNNER UP ($20,000) | Ainthoven, Cocoa Beach, FL., www.whoweplayfor.org, the company is bringing life-saving electrocardiogram (“ECG”) heart screenings to pediatrics and young adults in the United States and beyond.

3RD RUNNER UP ($10,000) | Gigantor Technologies, Inc., Melbourne Beach, FL., www.gigantor.com/, provides an AI accelerator that can speed up neural network models to speeds nVidia, Tesla, that the company says – others cannot touch. If the process latency is reduced to a fraction of other solutions it can enable Deep and Convolutional neural networks (computer vision, radar, lidar) to work with any frame size, HD, 4K and above with no data loss, it also reduces power by over 90%.

Event co-host, Space Florida, was created to strengthen Florida’s position as the global leader in aerospace research, investment, exploration and commerce. As Florida’s aerospace development organization, we are committed to attracting and expanding the next generation of space industry businesses. With its highly trained workforce, proven infrastructure and unparalleled record of achievement, Florida is the ideal location for aerospace businesses to thrive – and Space Florida is the perfect partner to help them succeed.

“This year’s applicants exhibited exceptional innovation and leadership, and we believe they are poised to make an impact on the aerospace industry in today’s business climate,” said Space Florida President and CEO Frank DiBello. “To date, capital accelerator programs supported by Space Florida have attracted more than $600 million in funding and investments for companies. We are proud be the financial propellant that helps new ideas take off.”

“Congratulations to Kind Designs, Zulu Pods, Ainthoven, and Gigantor Technologies from this year’s forum,” said Kevin Burgoyne, president and CEO of the Florida Venture Forum. “Through our work and collaborations, we continue to be on the forefront of driving innovation and progress with early-stage companies across various industries.”

To see the images of all winning companies, click here.

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06
Jun, 2023

By Nikki Cabus

Florida remains #1 for higher education in U.S. News and World Report rankings for the seventh year

Read Time 3 Minutes

U.S. News & World Report has once again named Florida the top state in the country for higher education.

Florida’s higher education system has held the top ranking since the inception of the rankings in 2017. This achievement can be credited to the collective commitment of our elected leaders, the Board of Governors, and the state universities to student success and affordability.

“Florida’s success would not be possible without the exceptional leadership at our 12 public universities, Governor DeSantis’s commitment to excellence in higher education, and the unwavering support of our legislative leaders. I am truly grateful for their investment and continued support,” said Brian Lamb, chair of the Board of Governors, which oversees the State University System.

“Florida has long been a national leader in higher education, and retaining this #1 ranking proves the Florida way is working. By prioritizing student success, with an emphasis on providing all students a high-quality, low-cost education, Florida’s universities are leaning in to produce top-tier talent to meet workforce needs, increase research capabilities, and retain the best and brightest faculty whose excellence and expertise provide the platform from which we create the future.”

Metrics considered by U.S. News & World Report include the time it takes students to complete two- and four-year college programs, the cost of in-state tuition and fees, and the debt burden that college graduates carry. Florida improved on two of the five metrics in the recent rankings, including four-year graduation rate and educational attainment. We remained #1 for the lowest tuition and fees.

The State University System recently announced a 12 percent five-year increase in graduation rates and a 49 percent year-over-year drop in the cost-to-the-student for a bachelor’s degree. Due to support from elected leaders and initiatives that drive down costs, the average State University System student pays less than $3,400 for a bachelor’s degree once financial aid is included. Additionally, 75% of resident undergrads had no loans during the 2020-21 academic year, up from 69% the previous year.

“This recognition affirms the incredible collaboration among our universities, our System, and Governor DeSantis and our State Legislature to prioritize Florida’s students,” said Ray Rodrigues, chancellor of the State University System of Florida. “Accountability is key, and the state’s investments in performance-based funding have given our System the tools necessary for our students to achieve a higher quality of education, graduate faster, with little to no debt.”

Accountability is critical to the System’s continuing rise in productivity and reputation, and the state’s investments in performance-based funding have provided the tools necessary for this ranking. In the fall of 2020, the Board of Governors added a dashboard on the homepage that provides a transparent way for all interested parties to monitor our System’s performance on these prioritized metrics.

The State University System of Florida is a constitutional body led by the 17-member Board of Governors.  The System has 12 universities and more than 430,000 students, making it the second-largest public university system in the nation.  Responsibilities include defining the distinctive mission of each institution and managing the System’s coordination and operation.  The Board appoints a Chancellor who serves as the System’s chief executive.  For more, visit flbog.edu

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31
May, 2023

By Nikki Cabus

Carrier Announces portfolio transformation including acquisition of Viessmann Climate Solutions

Read Time 5 Minutes

Carrier Global Corporation (NYSE: CARR) announced strategic actions that will transform the Company’s business portfolio and establish Carrier as a pure-play, global leader in intelligent climate and energy solutions.

Carrier will acquire Viessmann Climate Solutions, the largest segment of Viessmann Group, in a cash and stock transaction valued at €12 billion, subject to working capital and other adjustments. The value represents approximately 13X synergized projected 2023 EBITDA. A privately held company with a 106-year legacy of innovation, Viessmann Climate Solutions provides Carrier with an iconic, premium brand in the highest growth segment of the global heat pump and energy transition markets. In addition, Carrier announced plans to exit its Fire & Security and Commercial Refrigeration cabinet businesses.

“The acquisition of Viessmann Climate Solutions is a game-changing opportunity,” said Carrier Chairman & CEO David Gitlin.

“Climate change, sustainability requirements and geopolitical factors are driving an unprecedented energy transition in Europe. Accelerated by government regulations and incentives, the transition creates a significant, long-term growth opportunity. Viessmann Climate Solutions is uniquely positioned to capitalize on this opportunity with its premier brand, highly differentiated distribution channel and innovative product offerings.”

Gitlin continued, “With 70% of its business consisting of heat pumps and related accessories, solar PV, batteries and services, Viessmann Climate Solutions is a critical leader in Europe’s energy transition. We look forward to welcoming its 11,000 team members to the Carrier family and Max Viessmann, CEO of Viessmann to the Carrier Board of Directors at closing, which is expected around the end of 2023.”

“The Viessmann Climate Solutions acquisition and planned exit of Fire & Security and Commercial Refrigeration will further simplify our business portfolio and accelerate our strategy to establish Carrier as the global leader in intelligent climate and energy solutions,” continued Gitlin. “Recent strategic actions, including the Toshiba Carrier Corporation acquisition and the sale of Chubb, have aligned our company with the most significant megatrends impacting the heating and cooling industry, including managing climate change and delivering on net zero emissions targets. While Fire & Security and Commercial Refrigeration are great businesses with incredible, customer-focused teams, the planned exits sharpen the strategic focus Carrier has gained through its 2020 spin-off from United Technologies. With Viessmann Climate Solutions, we are positioning ourselves to be the global climate solutions champion, poised to deliver higher growth and superior shareowner value.”

Max Viessmann, CEO of Viessmann, said, “Our purpose is to create living spaces for generations to come. Carrier’s global reach, broad product portfolio, financial strength and shared commitment to sustainability will enable our Climate Solutions business to fully capitalize on our innovative, integrated solution offering and maximize our impact on Europe’s independent energy transition.”

“Following the closing of the transaction, the Viessmann Group will remain committed as a significant, long-term shareowner of Carrier, reflecting our family’s high confidence in the superior value to be created by this combination. Joining Carrier’s Board of Directors will enable me to work directly with Dave, my fellow directors and the Carrier team to realize the substantial potential of the combination of two iconic and market-leading companies.”

 

Strategic Benefits

  • Positions Carrier to lead in the rapid climate and energy transition in Europe, which is driving sustainable market growth. Geopolitical dynamics and the push for energy independence are driving European governments to promote and prioritize renewable and electric solutions for heating and cooling, which comprise approximately half of Europe’s residential energy requirements. European governments are actively promoting heat pumps and renewable solutions to address these challenges and have implemented a number of related regulations and incentive programs that are expected to result in a significant growth opportunity for key climate solutions. The $5 billion European heat pump segment, in which Viessmann Climate Solutions specializes, is expected to triple in size to $15 billion by 2027.
  • Adds the premier asset in the European climate transition market to Carrier’s portfolio with a proven track record and confidence of high, sustained growth. As the premier European climate solutions manufacturer, Viessmann’s iconic global brand commands premium pricing. Viessmann Climate Solutions also benefits from unique customer access with a direct-to-installer model that includes more than 75,000 installers in 25 countries. These differentiators, combined with its innovative product offerings, have resulted in a superior growth track record and profile. Sales and EBITDA* have grown over 15% on a compounded annual growth rate basis since 2020, with double-digit growth expected to continue through 2030. 2023 forecasted EBITDA* is approximately €0.7 billion on approximately €4 billion of sales.
  • Provides new capabilities that expand Carrier’s comprehensive renewable offerings and strengthen Carrier’s differentiated, digitally enabled lifecycle solutions. In addition to proprietary heat pump technology, Viessmann Climate Solutions offers renewable energy capabilities and home battery storage, as well as smart home system controls and applications that can all be integrated to drive energy efficiency, reliability and convenience. Viessmann Climate Solutions also has extensive digital offerings that expand Carrier’s subscription and aftermarket offerings. The combination creates the industry’s most comprehensive and differentiated suite of sustainable technologies and services, which Carrier plans to scale globally.
  • Transforms Carrier into a simpler, pure-play global leader in intelligent climate and energy solutions. The Viessmann Climate Solutions acquisition accelerates Carrier’s transformation into a global leader of intelligent climate and energy transition solutions. Viessmann Climate Solutions’ leadership position in Europe coupled with Toshiba and Giwee’s leadership positions in Asia and Carrier’s in the Americas provides the company with established leadership positions in all attractive segments in all major geographies. The planned exits from the Fire & Security and Commercial Refrigeration businesses will reduce operational complexity and sharpen focus. The outcome will be a Carrier with market-leading positions globally with a higher growth profile.

Viessmann Climate Solutions Transaction Details and Financial Benefits

Under the terms of the agreement, subject to working capital and other adjustments, Carrier will acquire Viessmann Climate Solutions for €12 billion, of which 80% will be in cash and 20% in Carrier common stock delivered to Viessmann Family Holdings.

Reflecting their confidence in Carrier’s growth and value creation, the Viessmann family has agreed to certain long-term lock-up provisions with respect to its equity ownership of Carrier common stock. Max Viessmann will join Carrier’s Board of Directors.

Carrier expects to fund the cash portion of the consideration through a combination of cash on hand and newly committed financing.

Carrier expects to maintain its investment grade credit rating at the close of the Viessmann Climate Solutions acquisition and return to its pre-transaction leverage profile within approximately two years. It also expects to resume share repurchases upon reaching its current leverage. The Company remains committed to a growing and sustainable dividend.

Financial benefits of the acquisition include:

  • Enhanced top-line and EBITDA* growth. The acquisition significantly enhances Carrier’s growth profile given Viessmann Climate Solutions’ expected continued double-digit sales growth. As a result, Carrier expects this acquisition to add more than 100 basis points to the Company’s revenue growth profile.
  • Acquisition accretive to adjusted EPS* by year two. The acquisition is expected to be modestly dilutive in 2024 to adjusted EPS*, accretive in 2025 and increasingly accretive thereafter. Free cash flow* yield is expected to be high-single-digits in year five.
  • Increases aftermarket and recurring revenue growth profile. Viessmann Climate Solutions has a large installed base serviced by more than 1,300 service and support personnel, which is projected to drive double-digit aftermarket growth. In addition to over 90,000 maintenance contracts, including subscription models, Viessmann Climate Solutions’ ViCare digital platform has over 500,000 connected devices that allow customers to use its products and services easily and effectively.
  • Meaningful synergies. Carrier anticipates approximately €200 million of run-rate cost synergies primarily from procurement and insourcing. The vast majority of the cost synergies will be realized by year three. Revenue synergies from cross-selling opportunities are expected to provide further upside.
  • Reduced complexity. Following the acquisition and business exits, Carrier will benefit from a simplified structure with a smaller footprint, fewer ERP systems, fewer legal entities, and fewer, yet more scalable, global businesses.

Listen to social media announcement here. 

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31
May, 2023

By Nikki Cabus

CareerSource Palm Beach County is offering up to $12K in career training for veterans and spouses

Read Time 3 Minutes

Announced last week and just in time for Memorial Day, CareerSource Palm Beach County is now offering up to $12,000 for occupational training to eligible veterans and military spouses seeking employment through their Careers for Veterans Grant program.

The program pays for licenses, degrees and certification to help veterans and their spouses gain credentials for many in-demand careers. More than 400 credentials are available. The program also provides supportive services to cover the cost of books, licensing fees, and even childcare.

CareerSource Palm Beach County is the non-profit organization chartered by the state to lead workforce development in Palm Beach County. During the past five program years, CareerSource assisted nearly 45,000 residents find employment ranging from entry level to executive suite, with salaries from these jobs creating $700 million in annual wages.  CareerSource also awarded $14.7 million in grants to area businesses and employees for job training and educational assistance during that time.

“Memorial Day honors those generations of men and women who have paid the ultimate sacrifice in defending our country,” said Julia Dattolo, President and CEO of CareerSource Palm Beach County and a U.S. Navy veteran. “We are honored to provide Careers for Veterans Grants to assist eligible veterans and their spouses who are seeking training that leads to gainful employment.”

“Many area employers actively seek to hire veterans because of the knowledge, skills, and attributes they have acquired in a variety of specialized fields during their service. We offer career services that assist returning veterans find new employment and transition into civilian careers,” Ms. Dattolo added.

Florida has the third largest population of veterans in the nation with more than 1.5 million veterans. Of those, nearly 77,000 are located in Palm Beach County.

Veterans who are residents of Palm Beach County are encouraged to contact CareerSource about the special employment assistance available to them at the career centers or at www.careersourcepbc.com.

These services include:

  • Classes and facilities for job search
  • Career development/consulting/placement services
  • Talent identifiers and assessments
  • Referrals to educational and vocational training programs
  • Access to computers, fax machines, phones and copiers for job searches
  • Veterans on staff who know how to effectively connect military experience and skills with prospective civilian employers

In a recent WPBF 25 interview, Cody Melton, the Director of Operations for CareerSource Palm Beach County and United States Air Force Veteran, stated that “They’re going to receive funding to help pay for training, training in, say, HVAC or IT or nursing. There’s a variety of fields that are in demand.”

In addition to the $12,000 in occupational training for eligible vets and spouses seeking employment, participants can receive up to $3000 to assist them with support services such as covering childcare or paying for travel expenses such as gas.

Once an application is submitted, a CareerSource Palm each County Veterans Services staff member will receive the results to determine eligibility and suitability, and contact applicants with the determination and information.

Applying for the program is easy. APPLY HERE.

 

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30
May, 2023

By Nikki Cabus

IBM to grant $5M to schools to boost cybersecurity & AI skills

Read Time 4 Minutes

In response to the growing threat of ransomware attacks against schools around the world, IBM (NYSE: IBM) announced it will provide in-kind grants valued at $5 million to help address cybersecurity resiliency in schools. The deadline to apply is June 23, 2023.

Since its creation in 2021, the IBM Education Security Preparedness Grants program has expanded globally, and this year will also include enhanced offerings from IBM SkillsBuild on topics including AI and cybersecurity.

Ransomware is unfolding faster than ever, with attackers managing to cut down the time required to deploy ransomware attacks from over two months to just under four days between 2019 and 2021, according to IBM’s X-Force Threat Intelligence Index 2023. In fact, the share of cybersecurity incidents observed in the education sector more than doubled in 2022 compared to the year prior, experiencing the largest increase year over year than any other industry.

“Time and time again attackers go after the education sector, yet many of these institutions remain constrained in their security resources,” said Andy Piazza, Global Head of Threat Intelligence, IBM Security X-Force. “To date, this program has helped more than 350,000 students across schools in the US and abroad, with IBM Service Corps helping them recover from ransomware attacks, strengthen their security posture against future attacks, and prevent further disruption.”

Applications for schools are now open globally. Grants valued at $500,000 each ($5 million in total) will be awarded to six school districts in the US with an additional four around the world. Volunteers, through IBM Service Corps, will use their professional skills to help schools establish programs to address cybersecurity resiliency. Hear more from Andy here.

Each selected school will receive:

  • incident response plans and ransomware playbooks,
  • programs to help address the need for updating operating systems,
  • strategic communication plans to use in response to cyber incidents, and
  • training and digital credentials through IBM SkillsBuild on topics including AI and cybersecurity, and additional benefits such as enhanced access to IBM mentors, teacher training and toolkits, and customized learning pathways.

“The global skills gap across cybersecurity and AI is a growing challenge that demands immediate attention,” said Justina Nixon-Saintil, IBM Chief Impact Officer. “To address this challenge, IBM awards Education Security Preparedness Grants to drive impact with schools worldwide. This year, we’re excited to expand the program to bring the benefits of IBM SkillsBuild training on topics like AI and cybersecurity for students and teachers.”

Robert Losinski, Manager of Information Security at Denver Public Schools, stated that “With IBM’s assistance, we improved our cybersecurity incident response plan and used it to better prepare us for handling incidents in the future.” He continued , “Attackers are targeting schools because many do not have mature security frameworks to effectively defend against ransomware and other cybercrime. Getting professional assistance in expanding your cybersecurity program will really help you identify the most critical areas to protect.”

Since its inception in 2021, IBM has received hundreds of applications for this award-winning program from school districts seeking to strengthen their security postures in response to the growing threats in the education space. Past recipients of the IBM Education Security Preparedness Grants have encouraged other schools to apply.

The 2022 and 2021 Grantees included:

  • Brevard Public Schools in Viera, FL
  • City of Dublin Educational Training Board in Ireland
  • Cupertino Union School District in Sunnyvale, CA
  • Denver Public Schools in Denver, CO
  • East China School District in East China, MI
  • Goffstown School District in Goffstown, NH
  • KIPP Metro Atlanta Schools in Atlanta, GA
  • Mohamed Bin Zayed University of Artificial Intelligence in United Arab Emirates
  • Newburgh Enlarged City School District in Newburgh, NY
  • Newhall School District in Valencia, CA
  • Poughkeepsie City School District in Poughkeepsie, NY
  • Prince William Country Public Schools in Manassas, VA
  • Rossville Cons. School District in Rossville, IN
  • Sheldon Independent School District in Houston, TX

Awards were allocated based on cybersecurity needs, experiences, community resources, and potential risks.

K-12 public schools and educational institutions/organizations that are interested in applying for IBM’s education cybersecurity grant can apply via IBM.com here: https://www.ibm.com/impact/initiatives/security.

For more information about IBM’s cybersecurity grants for schools, visit: https://www.ibm.com/impact/initiatives/security.

For more information about IBM Security X-Force’s services and capabilities, visit: https://www.ibm.com/security/xforce.

The 2023 grant cycle is now open. Apply by June 23, 2023 to receive one of ten available grants.

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19
May, 2023

By Nikki Cabus

StartUP FIU Students Develop Innovative Strategies to Tackle Healthcare Disparities for Pharmaceutical Giant GSK

Read Time 5 Minutes

StartUP FIU, the innovation hub at Florida International University, partnered with GSK, one of the world’s largest pharmaceutical companies, established a hands-on, multi-disciplinary experience that inspired students to develop new and creative solutions to dismantle health disparities in minority communities.

In addition to being part of a nation-wide effort to improve health outcomes for minority communities and making a positive impact in the medical field, students selected for the program received corporate internship credits, the experience of learning from leaders and experts in the healthcare industry, and earning $1,000 for their efforts.

Inspired by Dr. Martin Luther King, Jr.’s commitment to equity and access, the 12-week GSK Innovation Challenge had a goal of honoring the legacy of this great man by igniting in a new generation the desire to fight for justice in the healthcare sphere. Reflecting the values of Dr. King, GSK is focused on the social determinants of health and is working to ensure high-quality, inclusive healthcare services and education is accessible to all. GSK is a global biopharma company with a purpose to unite science, technology, and talent to get ahead of disease together.

This experiential, hands-on challenge leveraged the lived experiences and diverse backgrounds of 34 FIU undergraduate students, 96% of whom hail from minority communities. Students with Hispanic, African American and Asian backgrounds are often able to offer personal perspectives into health disparities. In this case, the program addressed the low rates of vaccines in marginalized communities.

“These students really rose to the challenge with compelling and creative solutions and all the program mentors deserve a big thank you for their guidance” said Maya Martinez-Davis, GSK US President. “Some of these students learned about health disparities for the first time while others brought their shared experiences. Our goal is to close the gap in underserved communities by developing the next generation of innovators. The partnership between GSK and StartUP FIU is just one of many steps towards achieving that.”

FIU’s unique status as the country’s largest Hispanic Serving Institution (HSI) with more than 32,000 students who identify as Hispanic or Latino, makes it an ideal place for global companies like GSK to get ‘on the ground’ perspectives from the communities they want to serve. Educating students across campus, many from different parts of the world, StartUP FIU offers a vibrant array of diverse outlooks, life experiences and cultural values that help organizations better understand their customer base and plan for a dynamic future.

Throughout the GSK Innovation Challenge, students from a variety of majors were guided by public health and entrepreneurship mentors to delve deeper into how minority communities make health care decisions, what sources they trust, who they listen to for medical information and how their lifestyles
either facilitate or impede positive healthcare decisions.

“This unique Challenge offered our students the opportunity to creatively explore a serious population health issue and brainstorm innovative ways to drive communities towards making healthy decisions,” said Emily Gresham, Assistant Vice President for Research, Innovation and Economic Development and Co-Founder of StartUP FIU.

At the end of the 12-week GSK Innovation Challenge, seven student groups pitched their solutions for increasing vaccination rates to GSK leadership. The Pitch Day event, held Friday, April 14, showcased the creativity and novel thinking that can occur when students are empowered with the tools of innovation and supported by expert mentors in the industry.

Members of GSK leadership who came to StartUP FIU to judge the student pitches were impressed by the creativity, thoughtfulness and hard work shown by FIU students.

 

PITCH DAY WINNERS

1ST PLACE

Winning Idea:

Collaborate with companies that have large Hispanic workforces to include at-work vaccination events and other healthcare programs to streamline the patient experience

Team Members:

Vinai Sewaliah, Akerke Parmbek, Christian Castellanos & MaAngelica Subido

 

 

2ND PLACE

Winning Idea:

Targeted advertising campaign focused on influencing mothers, who usually make healthcare decisions for the entire family.

Team Members:

Daniella Diaz, Emily Gresham, Lina Henriquez & Yasha Hasan, Chloe Posthuma-Coelho

 

 

3RD PLACE (TIE)

Winning Idea:

Targeted advertising campaign focused on influencing mothers, who usually make healthcare decisions for the entire family.

Team Members:

Devin Shanahan, Owethu Phekani, Itzel Castellon, Yomaira Ayala Daboin

 

 

3RD PLACE (TIE)

Winning Idea:

Work with faith-based organizations to educate congregations about shingles and prevention.

Team Members:

Aditi Mishra, Katherine Mejia

 

 

 

The GSK Innovation Challenge is just one example of how StartUP FIU uses hands-on, experiential learning opportunities to help students implement the core concepts of innovation and entrepreneurship towards solving real-world challenges.

“By adapting what they’ve learned in the classroom to help companies solve some of their toughest problems, students gain confidence in their skillset and learn how to think critically,” said Robert H. Hacker, Director and Co-Founder of StartUP FIU and one of the Challenge’s entrepreneurial mentors.

StartUP FIU is a university-wide innovation hub that fosters and develops entrepreneurship and innovation to help our students, researchers, and community connect, contribute to, and thrive in today’s fast-changing world. We create and run programs based on two foundational beliefs: that the skills and principles of entrepreneurship are essential to navigate and harness the opportunities of our disruptive age, and that universities can play a unique role in unlocking opportunity and unleashing potential to shape a better, more inclusive, and more innovative future.

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02
May, 2023

By Nikki Cabus

CEO and Founder of Social Mobile was named an Entrepreneur Of The Year® 2023 Florida Award finalist

Read Time 3 Minutes

Ernst & Young LLP (EY US) today announced that Robert Morcos, CEO and Founder of Social Mobile was named an Entrepreneur Of The Year® 2023 Florida Award finalist.

Now in its 37th year, Entrepreneur Of The Year is one of the preeminent competitive business awards for transformative entrepreneurs and leaders of high-growth companies who are building a more equitable, sustainable and prosperous world for all by unstoppable entrepreneurs. These visionary leaders deliver innovation, growth and prosperity that transform our world. The program engages entrepreneurs with insights and experiences that foster growth. It connects them with their peers to strengthen entrepreneurship around the world. Entrepreneur Of The Year is the first and only truly global awards program of its kind. It celebrates entrepreneurs through regional and national awards programs in more than 145 cities in over 60 countries. National Overall Award winners go on to compete for the EY World Entrepreneur Of The Year™ title.

Robert was selected by an independent panel of judges. Entrepreneurs were evaluated based on their demonstration of building long-term value through entrepreneurial spirit, purpose, growth and impact, among other core contributions and attributes.

“As the CEO and Founder of Social Mobile, I am honored to be selected as a finalist for Entrepreneur of the Year,’ said Robert Marcos. Twelve years ago, I embarked on a journey to build a technology company that would make a meaningful impact on the world. Today, we are recognized as a global leader in enterprise mobility, and I am proud of the hard work and dedication that our team has put in to make this dream a reality. Thank you to EY and to all those who have supported us on this incredible journey.”

Regional award winners will be announced on June 8, during a special celebration. The winners will then be considered by the National judges for the Entrepreneur Of The Year National Awards, which will be presented in November at the annual Strategic Growth Forum®,one of the nation’s most prestigious gatherings of high-growth, market-leading companies. The Entrepreneur Of The Year National Overall Award winner will then move on to compete for the EY World Entrepreneur Of The Year™ Award in June 2024.

The Entrepreneur Of The Year program has recognized more than 11,000 entrepreneurs throughout the US since its inception in 1986, and it has grown to recognize business leaders across 145 cities in over 60 countries around the world.

Founded and produced by Ernst & Young LLP, the Entrepreneur Of The Year Awards include presenting sponsors PNC Bank, N.A.; SAP America; and the Kauffman Foundation. In Florida, sponsors also include – regional Platinum sponsors, Cresa, and DLA Piper.

EY exists to build a better working world, helping create long-term value for clients, people and society and build trust in the capital markets. Enabled by data and technology, diverse EY teams in over 150 countries provide trust through assurance and help clients grow, transform and operate. Working across assurance, consulting, law, strategy, tax and transactions, EY teams ask better questions to find new answers for the complex issues facing our world today.

EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Information about how EY collects and uses personal data and a description of the rights individuals have under data protection legislation are available via ey.com/privacy. EY member firms do not practice law where prohibited by local laws. For more information about our organization, please visit ey.com.

As Advisors to the ambitious™, EY Private professionals possess the experience and passion to support private businesses and their owners in unlocking the full potential of their ambitions. EY Private teams offer distinct insights born from the long EY history of working with business owners and entrepreneurs. These teams support the full spectrum of private enterprises including private capital managers and investors and the portfolio businesses they fund, business owners, family businesses, family offices and entrepreneurs.

Congrats, Robert!

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08
Apr, 2023

By Nikki Cabus

Miami Metro Region has the lowest unemployment rate in the Florida – below national average

Read Time 4 Minutes

The Miami Metropolitan region (Miami-Dade, Broward and Palm Beach) came in with the overall lowest unemployment rate in the state at 2.2%!! 

Last month Governor Ron DeSantis announced that Florida’s economy continues to work for Floridians with February’s unemployment rate remaining at a low 2.6 percent, while the national rate increased to 3.6 percent.

Furthermore, Florida’s unemployment rate has decreased by 0.7 of a percentage point over the year and has remained lower than the nation for 28 consecutive months since November 2020. In February 2023, Florida’s private sector employment grew by 5.0 percent (406,600 jobs) over the year. Between February 2022 and February 2023, Florida’s labor force grew by 247,000 (2.3 percent), which is faster than the national labor force growth rate of 1.5 percent during the same time period.

“Florida’s economy continues to be number one in new business formations while growing our labor force and creating jobs faster than the national rate,” said Governor Ron DeSantis. “As the federal government continues to flounder on key issues like inflation, Florida will continue to get the fundamentals right.”

All ten major industries experienced positive over-the-year job growth in February. Florida’s private sector employment increased by 0.4 percent over the month (+34,800 jobs) in February 2023, faster than the national rate by 0.2 percentage point over the month and 2.0 percentage points over the year. In February 2023, Florida employers have added jobs for 33 months since May 2020, with the exception of October 2022. Florida’s over-the-year private sector job growth rate has exceeded the nations’ job growth rate for 23 consecutive months since April 2021.

“Thanks to Governor DeSantis’ ongoing commitment to investing in infrastructure enhancements and workforce development initiatives across the state, Florida’s economy continues to fire on all cylinders,” said Meredith Ivey, Acting Secretary of the Florida Department of Economic Opportunity (DEO).

“Florida gained nearly 35,000 jobs over the month in February 2023 and our state’s unemployment rate remains consistently low. DEO is committed to continuing to champion Governor DeSantis’ mission through its partnerships and programs to ensure Florida sustains its economic success.”

In February 2023, trade, transportation and utilities gained the most jobs among all major industries, adding 12,800 jobs (+0.7 percent) over the month, followed by education and health services, adding 11,400 jobs (+0.8 percent), and leisure and hospitality, adding 10,700 jobs (+0.8 percent).

Data from the month of February continues to indicate there are many job opportunities available for Floridians throughout the state, with more than 409,000 jobs posted online.

The industries gaining jobs over the year included:

  • leisure and hospitality (+104,700 jobs, +8.7 percent)
  • education and health services (+89,400 jobs, +6.5 percent)
  • professional and business services (+67,300 jobs, +4.4 percent)
  • trade, transportation, and utilities (+62,100 jobs, +3.3 percent)
  • financial activities (+25,200 jobs, +3.9 percent)
  • total government (+20,800 jobs, +1.9 percent)
  • construction (+19,700 jobs, +3.3 percent)
  • other services (+18,300 jobs, +5.4 percent)
  • manufacturing (+16,700 jobs, +4.1 percent)
  • information (+2,400 jobs, +1.6 percent)

Floridians in search of work and new job opportunities are encouraged to turn to the CareerSource Florida network for help. Floridians can find guidance on how to register with Employ Florida and search listings of available local job openings. Career seekers also can improve their employability by perfecting resume writing and interviewing skills, establishing career goals, and pursuing customized career training. These services are provided at no cost to job seekers.

In February 2023, Monroe County had the state’s lowest unemployment rate (1.6 percent), followed by Miami-Dade County (1.7 percent), St. Johns County and Gulf County (2.2 percent each), and Wakulla County and Okaloosa County (2.3 percent each). In February 2023, all of 24 metro areas in Florida had over-the-year job gains. The areas with the largest gains were Tampa-St. Petersburg-Clearwater (+68,700 jobs, +4.7 percent), Orlando-Kissimmee-Sanford (+68,300 jobs, +5.0 percent), and Miami-Miami Beach-Kendall (+53,800 jobs, +4.4 percent).

The entire Southeast Florida region, or Miami Metro region, came in with the overall lowest unemployment rate in the state at 2.2%!! The Miami-Miami Beach-Kendall metropolitan division came in first for the lowest unemployment rate in the state at 1.7%. The Fort Lauderdale-Pompano Beach-Deerfield Beach tied for second place for the lowest unemployment rate in he state at 2.5% and West Palm Beach-Boca Raton-Delray Beach came in at th8ird -place for the lowest unemployment rate in the state at 2.6%.

To view the February 2023 employment data, visit: www.floridajobs.org/labor-market-information/labor-market-information-press-releases/monthly-press-releases. Visit Florida Insight for more information on labor market and economic data. Additionally, the Department has provided a video to assist users in explaining the data provided through Florida Insight.

 

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07
Mar, 2023

By Nikki Cabus

$1 million dollar gift from FPL establishes new Center for Intelligent Energy Tech at FAU

Read Time 4 Minutes

 

A $1 million dollar gift from Florida Power & Light Company will help establish the FPL Center for Intelligent Energy Technologies (InETech) at Florida Atlantic University  

The considerable donation will be made through FPL’s charitable arm the NextEra Energy Foundation. The foundation supports organizations involved with arts and culture, education, the environment, health, animals and wildlife, affordable housing, human services, neighborhood development, economic development, government administration, and economically disadvantaged people. NextEra Energy provides a dollar-for-dollar match of employee gifts to eligible high schools, colleges and universities. Since 2003, the NextEra Energy Foundation has provided millions of dollars in support to the communities across Florida.

FAU and FPL have agreed to a four-year collaboration to establish the FPL Center InETech which will be housed in the FAU College of Engineering and Computer Science which is internationally recognized for cutting edge research and education in the areas of Computer Science and Artificial intelligence (AI), Computer Engineering, Electrical Engineering, Bioengineering, Civil, Environmental and Geomatics Engineering, Mechanical Engineering, and Ocean Engineering.

Research conducted by the faculty and their teams expose our students to technology innovations that push the current state of the art of the disciplines. The College research efforts are supported by the National Science Foundation (NSF), the National Institutes of Health (NIH), the Department of Defense (DOD), the Department of Transportation (DOT), the Department of Education (DOEd), the State of Florida, and Industry.

“Florida Atlantic takes great pride in its partnerships with community and industry leaders,” said FAU President Stacy Volnick, Ph.D

“We truly appreciate this gift from our partners at FPL and NextEra Energy, which will support our bold vision to solve tomorrow’s challenges today and create impactful opportunities for our students and faculty.”

Dr. Volnick collaborates with the Board of Trustees and other stakeholders to determine priorities and accomplish the many objectives of the University. The decision to approve the $1 million dollar gift was officially approved by the Board of Trustees on February 14th, 2023.

The primary focus of InETech will be research relating to smart technologies and products relevant to the energy sector, along with workforce development. This exciting partnership will enhance student recruitment for the College of Engineering and Computer Science and enable the brightest minds at the undergraduate, graduate and post-doctoral levels to participate in state-of-the-art projects that are directly related to the current and future needs of the energy industry.

“We have a long-standing partnership with FAU, and we are honored to work together to bring this state-of-the-art facility to life to inspire and motivate the energy leaders of tomorrow.”“

FPL, one of the state’s largest employers, has some of the best technology internship opportunities across the state. FPL’s approach to hiring reflects a belief in bringing in diverse backgrounds and experiences to their technical teams. Entry-level interns are often very eager to put their new skills to work and learn from the seasoned professionals and FPL hopes to attract an retain this innovative generation of technical talent.

At FPL, we hope that many of these students will become our future employees that can help drive innovation and creative solutions to meet the evolving needs of our customers and our communities,” said Pam Rauch, FPL vice president of external affairs and economic development.

Yufei Tang, Ph.D., associate professor and I-SENSE fellow in the Department of Electrical Engineering and Computer Science, will serve as the director of the FPL Center for Intelligent Energy Technologies, and James VanZwieten, Jr., Ph.D., assistant professor in the Department of Ocean and Mechanical Engineering, will serve as the center’s associate director.

FAU Professor, Nancy Romance told South Florida Tech Hub that “the award was a major effort on the part of the Dean [Stella Batalama] and Michael Miller, Director of Development for the College of Engineering.” Miller said that the FAU team has been “collaborating with various entities within FPL” to make this happen. He mentioned working closely with the Power & Delivery team at Florida City Gas, Manny Miranda, Executive VP President Florida City Gas and Mike Putt, Senior Director of Real Zero Design and Application. NextEra Energy, Inc

“We are delighted to deepen our relationship with FPL/NextEra,” said Stella Batalama, Ph.D., dean of the College of Engineering and Computer Science.

“This generous gift will have a multiplier effect on FAU’s successes in cutting-edge research and development, and endorses FAU’s capabilities to produce technologies and a skilled workforce for the energy industry.”

In addition to funding research for the benefit of the energy sector, the gift from the NextEra Energy Foundation also allows for the creation of the FPL InETech Center Scholarship for undergraduate and graduate students, which will assist in the College of Engineering and Computer Science’s ability to attract highly qualified students. The gift also makes available community outreach and K-12 activities that educate and engage younger students about the energy industry.

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07
Mar, 2023

By Nikki Cabus

Governor Ron DeSantis Appoints Christine Vanderpool to the Florida Cybersecurity Advisory Council

Read Time 3 Minutes

Just last month, Governor Ron DeSantis announced the appointment of Palm Beach County’s Christine Vanderpool to the Florida Cybersecurity Advisory Council. 

Christine Vanderpool is the Vice President of IT Strategy, Architecture and Chief Information Security Officer for Florida Crystals Corporation.

Florida Crystals Corporation is a fully integrated cane sugar and agriculture company in Palm Beach County. Florida Crystals’ subsidiary, ASR Group, jointly owned with Sugar Cane Growers Cooperative of Florida, is the world’s largest cane sugar refining and marketing company, with refineries in Louisiana, California, New York, Maryland, Canada, Mexico, England, Portugal and, with a joint venture partner, Italy. Its products are marketed through its brand portfolio: Florida Crystals®, Domino®, C&H®, Redpath®, Tate & Lyle® and Sidul®. Florida Crystals’ FCI Residential subsidiary develops, constructs and manages luxury multi-family communities in urban and infill areas.

Vanderpool is also a current Board Member of the South Florida Tech Hub and serves as Chair of the Evanta Chief Information Security Officer Florida Governing Body. She earned her bachelor’s degree in business management from the University of New Mexico. Christine was also named the 2019 Cyber Security Woman Leader of the Year and the 2020 recipient of Global Technology Executives Who Matter Award.

Vanderpool simply stated that she is “deeply honored and excited to be appointed to the council.”

Passed during the 2021 Regular Legislative session of the Florida Legislature, the Cybersecurity Advisory Council was established. According to Cyber Florida, “the Council is tasked with helping state agencies protect their information technology resources from cyber threats and incidents by assisting the Department of Management Services in establishing and implementing cybersecurity best practices.” Seven individuals were appointed to the original task force in 2021.

Other members of the Florida Cybersecurity Advisory Council include:

  • Mike McConnell, VADM, USN, Ret., Cyber Florida Executive Director and former director of US National Intelligence and the National Security Agency
  • Jaromy Kuhl – Professor and Dean, University of West Florida
  • Pedro Allende – Former Deputy Assistant Secretary for Infrastructure, Risk and Resilience Policy, U.S. Department of Homeland Security
  • Linda Reid – Vice President of Security, Walt Disney Company
  • Eli Dominitz – Founder and Chief Executive Officer, Q6 Cyber
  • Jason Raymond – Vice President and Chief Information Security Officer, GuideWell and Florida Blue
  • Benjamin Miron – Vice President of Infrastructure and Cybersecurity, NextEra Energy

The council shall be comprised of the following members:

  • The Lieutenant Governor or his or her designee.
  • The state chief information officer.
  • The state chief information security officer.
  • The director of the Division of Emergency Management or his or her designee.
  • A representative of the computer crime center of the Department of Law Enforcement, appointed by the executive director of the Department of Law Enforcement.
  • A representative of the Florida Fusion Center of the Department of Law Enforcement, appointed by the executive director of the Department of Law Enforcement.
  • The Chief Inspector General.
  • A representative from the Public Service Commission.
  • Up to two representatives from institutions of higher education located in this state, appointed by the Governor.
  • Three representatives from critical infrastructure sectors, one of whom must be from a water treatment facility, appointed by the Governor.
  • Four representatives of the private sector with senior level experience in cybersecurity or software engineering from within the finance, energy, health care, and transportation sectors, appointed by the Governor.
  • Two representatives with expertise on emerging technology, with one appointed by the President of the Senate and one appointed by the Speaker of the House of Representatives.

In a recent Online Sunshine article, it was written that “Beginning June 30, 2022, and each June 30 thereafter, the council shall submit to the President of the Senate and the Speaker of the House of Representatives any legislative recommendations considered necessary by the council to address cybersecurity. Beginning December 1, 2022, and each December 1 thereafter, the council shall submit to the Governor, the President of the Senate, and the Speaker of the House of Representatives a comprehensive report that includes data, trends, analysis, findings, and recommendations for state and local action regarding ransomware incidents.”

 

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07
Mar, 2023

By Nikki Cabus

9 South Florida & Treasure Coast companies honored at GrowFL Awards 2023

Read Time 4 Minutes

GrowFL recently awarded the 50 companies selected as 12th Annual GrowFL Florida Companies to Watch Honorees and 9 of them came from South Florida and the Treasure Coast region!

The awards program – now in its twelfth year – honors impressive second-stage companies from throughout the state for developing valuable products and services, creating quality jobs, enriching communities, and broadening new industries throughout Florida. The 12th Annual GrowFL Florida Companies to Watch awards celebration is brought to you by Nperspective CFO & Strategic Services, in association with the Edward Lowe Foundation. 

Companies to Watch was developed by the Edward Lowe Foundation as a unique way to recognize and honor second-stage companies that demonstrate high performance in the marketplace with innovative strategies and processes. In addition to evaluating past growth and projected success, applicant companies are judged according to their special strengths and impact in their markets, communities, and within the state – thus deeming them worth watching. 

66 finalists were announced last year, and the 50 honorees were selected after a final round of judging by a panel comprised of past honorees, economic development leaders and corporate partners of GrowFL. Companies were judged on a number of criteria including growth in number of employees; impact of the business in the job market; increase in sales and/or unit volume; current and past financial reports; innovativeness of the product or service; response to adversity; and contributions to aid community-oriented projects. 

“GrowFL Florida Companies to Watch was designed to celebrate the spirit of entrepreneurship and to shine a spotlight on the most deserving companies,” said Jennifer Taylor, president, and CEO of GrowFL. “This year’s honoree span 21 different counties, represent 22 different industries and 50% of them are woman, veteran, or minority owned. This diverse group of honorees can only mean one thing – Florida is the place where entrepreneurs thrive!” 

Since the first awards celebration in 2011, GrowFL has honored 550 companies from throughout Florida with this prestigious award. With this year’s honorees, GrowFL has now recognized 600 companies throughout the state that are making a positive impact on the economy and the communities in which they live. Many of the past honorees have now grown their companies to stage 3 and stage 4 businesses employing more than 500. 

“These are some of the most vibrant and dedicated entrepreneurs in our state. They are the champions that keep our communities strong by stimulating the economy, keeping the workforce employed, and giving back in ways that will change the course of our state for years to come. Like all the classes before them, this class of GrowFL Florida Companies to Watch honorees truly embody success and I know they’re only getting started,” said Dr. Tom O’Neal, GrowFL founder. 

To qualify for the award, companies must be headquartered in Florida and have between 6 and 150 and revenue between $750,000 and $100 million. From 2018 through 2021, these companies generated $1 billion in revenue and added 881 employees, reflecting a 96% increase in revenue and a 104% increase in jobs for the four-year period. That translates into a 24% average annual revenue growth and a 26% average annual growth in employees. 

These companies projected continued growth in 2022, with a 40% revenue increase and a 20% growth in employees compared to 2021. If their projections hold, these companies will have generated $1.5 billion in revenue and added 1,233 employees over the last five years — a 174% increase in revenue and 146% increase in jobs since 2018. 

Below is the list of the 12th Annual GrowFL Florida Companies to Watch Honorees from South Florida & Treasure Coast:

  • 2TON Agency | Advertising, Public Relations, and Related Services  (Palm Beach)
  • Affinity Management Services | Management Consulting Services (Miami-Dade)
  • Bug Bite Thing | Retail Trade (St. Lucie)
  • Casabianca Home | Wholesale Trade (Miami-Dade)
  • Earth And Sugar LLC | Wholesale Trade (Palm Beach)
  • FloSpine LLC | Scientific Research and Development (Palm Beach)
  • Misfits Gaming Group | Arts, Entertainment, and Recreation (Palm Beach)
  • Pharma Natural Inc. | Manufacturing (Miami-Dade)
  • Sloane Staffing | workforce staffing (Palm Beach)

One of those companies, Sloane Staffing, specializes in filling Marketing Technology, Digital Marketing, SaaS Sales, and Technology positions. The were founded in Palm Beach County in 2018. From 2018 – 2021, the company saw a 91% increase in revenue and 300% increase in employee growth.

When asked what’s his advice for entrepreneurs, Founder & President, Max Spanier, told GrowFL “Take the leap. It’s going to be scary. It’s going to be tough. You’re going to be anxious. You’ll probably get anxiety even if you’ve never had anxiety. But, if you have a good idea, why not give it a try? Otherwise, you might go through your whole life wondering what if. Failing at something is way better than never doing something.”

To read Sloane Staffing’s full interview with GrowFL, click here. 

 

 

 

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22
Feb, 2023

By Nikki Cabus

Seedfunders Associate Network for new investors is catching momentum

Read Time 3 Minutes

Earlier this month, Seedfunders, a Florida-based investment firm for early-stage startups, launched the Associate Network. 

The Associate Network is for investors outside of the Seedfunders organization allowing them easy access to view investment opportunities, sign documents and wire the funds. The complete process will be fully automated allowing for a greater amount of investors and overall funding for the startups.

Seedfunders’ goal was to add 40 new accredited investors in the first month, but the opportunity catch momentum pretty fast!

 

THE CONCEPT 💰

Dave Chitester, Founder of the Florida investment firms Florida Funders and Seedfunders, told South Florida Tech Hub that “97% of investors don’t invest in private deals because they either don’t know about them or find them too risky. The Associate Network aims to make it easier to invest locally.”

Chitester said that he had the idea for this concept years ago, but never launched it because no one understood the concept and it was very hard to do because the entire process had to be completed manually from start to finish. He only knew of two other firms using this concept at the time, AngelList and FundersClub.

There is no cost to join the Seedfunders Associate Network and no annual fees or expenses. There is also no obligation to invest in any of the deals. Once you join, the firm will send you investment opportunities and your participation is completely optional. All functionality, including deal docs, signatures, funding, and K-1s has been automated through Sydecar.

“This is a great opportunity for a new investor to get started in investing in startups with minimal risk. They have the opportunity to review deals but have no requirement to invest, so they can pick the ones they have an interest in and “get their feet wet,” said Chitester. “Then they can follow the company and see what early stage investing is all about.”

Chitester’s goal was to get 40 Associate Members in the first month and they exceeded that in the first week!! They already have 50 investors. Demand for is strong.

 

THE PLATFORM 💰 

Sydecar, a frictionless deal execution platform for venture investors, is the platform of choice being used for the Seedfunders Associate Network. According to the Sydecar website, the platform “handles back-office operations for venture investors, automating banking, compliance, contracts, and reporting so that customers can focus on making deals and building relationships.”

Sydecar is not a public investing platform which means all investors must be approved by Chitester.

With offices in Miami, Orlando and St. Petersburg, Seedfunders has a unique focus on pre-revenue early-stage technology startups in Florida. They bring a different approach with mentoring and guidance for developing an MVP and bringing concepts to market. Seedfunders investors are committed to mentoring and giving back to the startup community. Their approved accredited investors are a huge asset to our investees.

 

THE INVESTORS 💰

Seedfunders is inviting new accredited investors who may be interested in participating in the firm’s deals to join.

The network is only open to accredited investors, which the U.S. Securities and Exchange Commission (SEC) defines an accredited investor as one who has made $200,000 per year for the past 2 years, or $300,000 including spouse, OR has a net worth of more than $1 million, not counting the value of their permanent residence.
A good investor for the Seedfunders Associate Network is someone who wants to learn about startup funding, meets the SEC requirements above, can invest a minimum of $5000 per deal or more, has an interest in technology startups based in Florida.
So far in South Florida, Seedfunders has invested in Intelligent Observation, HeartOut, CERA Software, and Virtual Badge among others.

 

 

Here is the link to get signed up with Seedfunders’ Associate Network: https://www.seedfunders.com/associate-network/ 

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27
Jan, 2023

By Nikki Cabus

South Florida-based PeakActivity acquires eCommerce software agency Lexima

Read Time 3 Minutes

PeakActivity, an eCommerce and technology services company based in Boynton Beach, recently acquired Lexima, an eCommerce software agency specializing in eCommerce platform technology implementations. PeakActivity’s  already robust technology and eCommerce capabilities will be further deepen their expertise with the acquisition of Lexima.

In 2019, Lexima was founded in Palm Beach County in 2019 just prior to the covid-19 pandemic by Lancey Lexima, a Graphic Designer turned Software Engineer who loved developing apps with amazing user experiences. The company grew quickly. By 2022, the company had a remote team with team members all across North America – from Canada to Tennessee to Florida. Lancey opened their headquarters right in the heart of downtown West Palm Beach.

Lancey  founded Lexima with an intent to build an agency that partners with brands to provide a quality development service. Lexima quickly garnered a reputation for its expertise in the headless eCommerce market, beginning with the Shopify platform and growing to include additional platform technologies, including BigCommerce, Vue.js, and Next.js. Having worked in software development for companies such as MDLIVE, 4Ocean, and MCNA Dental, Lancey began his journey with great experience and needed connections in the industry. Thanks to Lexima’s forethought and early success, the was able to attract the attention of such clients as 4ocean, The Genie Company, and Charleston Wine + Food.

“Joining forces with PeakActivity made perfect sense,” says Lexima Founder & CEO, Lancey Lexima. “We built the business from the ground up to engage with clients as a partner on their eCommerce journey. Through partnering with PeakActivity, we are able to deliver eCommerce excellence at scale.”

The coming together of PeakActivity and Lexima represents an alignment of values, as both organizations focus on ROI-driven user experiences & solutions focusing on four main areas of expertise: Modernization, Optimization, Innovation and Engineering.

More and more businesses seek eCommerce technologies that deliver fast and rich experiences for their customers, such as Shopify and BigCommerce. Lexima provides PeakActivity with another conduit to success thanks to its expertise on platforms that everyone knows of, but few are experts at. Adding Lexima’s talent, leadership, and experience to existing and future clients will allow them to drive better business outcomes and elevate business growth for today and tomorrow.

Since the acquisition, Lancey has stepped into the VP of Technology Solutions for PeakActivity. His role will be focused on leading the company’s eCommerce technology implementations. Lancey will be using tools such as Shopify and Big Commerce to support PeakActivity’s clients through their implementation process and ultimately overall growth.

“Leadership, expertise, and excellence drive everything we do here at PeakActivity,” says PeakActivity CEO, Manish B. Hirapara.

“Having Lexima as part of our team further strengthens our depth of expertise. With Lexima’s eCommerce experts onboard, PeakActivity is now even better positioned to provide value quickly, effectively, and at scale.”

Founded in Boynton Beach in 2012, PeakActivity has already expanded into 7 different countries across 4 continents and employing more than 250 people. Their diverse team believes that their collective experience binds them together, unifying their purpose and infusing and influencing everything—from what we create and develop, to what we believe and value.

PeackActivity recently celebrated their 10 year anniversary in 2022. The company’s background in corporate retail, combined it with their entrepreneurial spirit, enabled them to create a company that leverages the latest technologies to quickly anticipate clients’ needs, solve their business challenges, and enable their progress on their digital journey. Those same ingredients attracted companies such as CITY Furniture, one of America’s Top 20 furniture retailers based in Broward county who announced they took an equity stake in PeakActivity just last year. This news, along with the Lexima acquisition put PeakActivity

PeakActivity provides expert leadership, skilled resources, and growth programs to elevate eCommerce and technology outcomes. The company’s talented strategists, designers and engineers have launched some of the largest eCommerce initiatives using the latest in headless technology, site optimization, and machine learning-enabled solutions.

If you’re looking to elevate your eCommerce experience, we’re the proven partner to climb with. For more information, visit www.PeakActivity.com or contact Hello@PeakActivity.com.

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05
Dec, 2022

By Nikki Cabus

First ever Ignite Florida launch to Global Entrepreneurship Week in South Florida

Read Time 4 Minutes

With the end of November comes the close of National Entrepreneurship Month. From Global Entrepreneurship Week to Small Business Saturday, startups and entrepreneurs were celebrated all month long both statewide, national and around the globe.

South Florida Tech Hub and Synapse Florida were nominated the statewide organizers for Global Entrepreneurship Week or “GEW” 2022 in Florida. The first ever Ignite Florida Startup Summit, presented by South Florida Tech Hub, helped launch Global Entrepreneurship Week in the state. From a statewide calendar, social media posts about activities each day during the week, and organizations from all across the state getting involved in activities in their cities, GEW Florida was a huge success.

Ignite Florida was hosted in collaboration with the Boca Raton Innovation Campus (BRIC), RaiseLink, and sponsored by 35 Mules, an Florida Power & Light innovation incubator. The 2-day event was held on Friday and Saturday, November 11th and 12th just prior to GEW held November 14th – 20th, 2022.

 

DAY 1

The event was launched on Veteran’s Day, November 11th, and featured speakers, founders, and judges who were all veterans including keynote speaker, Rhys Williams, retired Detachment Commander in U.S. Army Special Forces, Steve Edwards, former Army Specialist in the 82nd Airborne Division, U.S. Army, and John Riley III, former Desert Shield/Desert Storm Infantry Corporal in the United States Marine Corps.

The City of Boca Raton is the birthplace of the personal computer, many patents still being used today, and home to many of South Florida’s major companies and growing startups. Recently re-elected Mayor Scott Singer of the City of Boca Raton helped open the event during welcome remarks alongside the Olympic Heights Community High School’s JROTC Color Guard led by Master Sergeant Wayne Byron with The Pledge of Allegiance, National Anthem, and an official proclamation presented to Nikki Cabus, South Florida Tech Hub’s CEO.

In addition to proclaiming, November 11th & 12th, 2022 as the launch to GEW Florida 2022 right here in South Florida at the Boca Raton Innovation Campus, the document and Mayor Singer recognized “the contributions of city and regional ecosystem partners including South Florida Tech Hub, Research Park of Florida Atlantic University, FAU Tech Runway and Florida SBDC at FAU, all providing programs that support job creation, education, innovation, and economic growth in our community.”

Throughout the first day, guests heard from speakers about entrepreneurship, the importance of supporting our veterans as they integrate back into the local community, start businesses and look for work, and veteran-owned startup pitches. Dr. Marlon Atherton, Founder and CEO of ATEAM Solution Services won the Friday night veteran-owned pitch contest.

“As a veteran, supporting our military veterans is very important to me. I was recently a judge in the IGNITE Veteran Pitch contest, it hammered home how important it is to support veteran-owned companies, especially veteran-owned start-ups,” said John Riley III, VP of Gov’t Services at Orion Innovations and USMC Veteran.

“For many veterans just getting out of the service, the transition to civilian life can be very challenging and even more when they are trying to start their own businesses. For them to have access to mentors and groups like South Florida Tech Hub that can align them with potential opportunities and investors will be of great benefit to many new veteran entrepreneurs in the future.”

 

DAY 2

The second day kicked off with coffee and breakfast for all and a keynote by the event’s presenting sponsor, Danielle Mousseau, Manager of Economic Development at 35 Mules. The day’s agenda included panels, guest speakers, an workshop on startup law, and pitches from all sorts of tech startups from healthcare to web3.

Startup exhibitors showcased their tech to all attendees. From Big Motion Studios in the metaverse to Chargefon, a power bank rental service, and Fitness At Your Door, an app bringing healthand fitness right to your living room on demand.

Panel topics included Trends in Florida’s Investment Landscape ( sponsored by Tahl Milburn), Avoiding Common IP Mistakes for Startups (sponsored by Greenberg Traurig), The People Asset (sponsored by Focus GTS), South Florida Entrepreneur Journeys (sponsored by Semantix), and the Value of Accelerators & Incubators which featured accelerator program leaders from 35 Mules, 1909, Broward Colllege’s BECx Program, and the Eglavator (sponsored by Egla Corp.)

Almost twenty startup founders who applied through the newly launched RaiseLink platform, pitched their ideas to a panel of judges. RaiseLink Founder, Boca Raton IBM tech historian and local celebrity, Pete Martinez and and RaiseLink’s CEO, Chris Houghtlaing, facilitated the picthes. Local Boca Code students built the application used for judging and it was quite impressive to see the numbers totaled in real time!

Those startups were:

Roomaters Modern Trials Everwood (a Desafío Ambiente Chile brand)
Rosi Giving Boca Code Show Agents
Fearless Mind Pet HealthCare Innovations™ 2nd Vault
EpiPaws Beach Box ARC LLC.
Synchronix Owwll EVQLV
Coping Card Inc. Mind+
Big Motion Studio Walky

In the end, Chris Ochner, Co-Founder of Modern Trials and Dr. Marlon Atherton, Founder and CEO of ATEAM Solution Services (from Friday’s pitches) both took home almost $20k in services to support their startups. Those services included everything from a South Florida Tech Hub annual membership to consulting services with IP lawyer, Howard Gitten from Lewis Brisbois to pitch review and practice with Nate Vasel from Las Olas Venture Capital and more!!

This year was a kickoff to something great, but stay tuned for GEW 2023 which kicks off November 13th, 2023!

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