South Florida Tech HubSouth Florida Tech Hub
16
Nov, 2023

By Adam Elitzur

Harvard Business School Alumni Host Annual Entrepreneurship Night and Pitch Competition in Miami

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On November 8, 2023, the Harvard Business School (HBS) Alumni Angels of South Florida hosted their 4th Annual Entrepreneurship Night pitch competition at the University of Miami Herbert Business School.

The HBS Alumni Angels of South Florida is a volunteer-based angel investor group that invests in early-stage businesses and supports the local startup ecosystem. The primary mission is to connect investors and entrepreneurs by bringing them together through pitch events and by enhancing their skills through educational events and resources.

The event featured an inspiring keynote from Manny Medina, founder of Terremark, Medina Capital, eMerge Americas, and CEO of Cyxtera Technologies, as well as pitches from 4 finalist startups competing for investment and services from the Alumni Angels group.

In his keynote, Medina shared insights on succeeding as an entrepreneur, stressing the importance of cultivating curiosity to stay innovative, maintaining a positive attitude to persevere through challenges, putting in hard work to properly prepare, and having the determination to see your vision through. He encouraged attendees to think of themselves as brands and focus on building trust in their abilities as well as passionately delivering on their ideas.

Medina spoke on the exciting opportunities in emerging sectors like quantum computing and AI, predicting massive disruptions from combining these technologies. He urged entrepreneurs to get ahead of the coming waves of change, attributing his success to curiosity about revolutionary technologies.

The pitch competition started with 36 companies, and its four finalists spanned health tech, food and beverage, and AI services. The judges ultimately awarded first place to Tilden, a premium, non-alcoholic, cocktail company. Ulevo Health, working to automatically detect and reduce muscle spasms, took second place, AI Squared, an AI platform that accelerates AI projects, third, and Modern Trials, a healthcare technology company that connects patients with relevant clinical trial opportunities, fourth. For the first time, the audience also voted for a People’s Choice winner, awarded to AI Squared.

Tilden will get to present at the World Business Angels Investment Forum’s global fundraising stage in South Africa. Tilden and AI Squared will also have the opportunity to pitch at an upcoming South Florida Alumni Angels event. All winners received prizes of complimentary legal services.

Mariah Hilton Wood, co-founder of Tilden, who won the pitch competition, had a great experience. “I really enjoy pitching because it gives me an opportunity to hear ideas from other entrepreneurs.”

She also offered advice for rising entrepreneurs. “Be willing to test out an idea that fails,” Hilton Wood stated. “Dedicate time to it, having time set aside is important.”

HBS Alumni Angels of South Florida is looking forward to next year’s Pitch Competition and Entrepreneurship Night.

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09
Nov, 2023

By Nikki Cabus

13 South Florida companies named winners of the 2023 Deloitte Technology Fast 500

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Deloitte today released its “North America Technology Fast 500™,” an annual ranking of the fastest-growing North American companies – and thirteen South Florida companies were winners this year!

Now in its 29th year, the Deloitte Technology Fast 500 list highlights the passion and dedication it takes to be an industry disrupter across the technology, media, telecommunications, life sciences, fintech, and energy tech sectors. Each year, companies can receive increased visibility, brand recognition, and growth opportunities by joining this elite group,

“Each year, we look forward to reviewing the progress and innovations of our Technology Fast 500 winners. This year is especially celebratory as we expand the number of winners to better represent just how many companies are developing new ideas to progress our society and the world, especially during a slow economy,” said Paul Silverglate, Vice Chair, Deloitte LLP and U.S. technology sector leader.

“While software and services and life sciences continue to dominate the top 10, we are encouraged to see other categories making their mark. Congratulations to all the winners who show us how creativity, hard work and perseverance can lead to success.”

The Deloitte Technology Fast 500 winners represent 41 states and provinces across North America. California’s Bay Area continued to lead the regional pack with 18% of the Technology Fast 500 winners, followed by the Tri-State Area representing 13% of the winning companies. Software and services is the leading industry in all major markets, even New England, where historically life sciences has dominated.

Eighty-five percent (85%) of the companies listed in the 2023 Technology Fast 500 were backed by venture capital or private equity funding at some point in their company history.

Software and services companies once again topped this year’s Technology Fast 500 listing, representing the majority of the winners for the 28th straight year (57%). Of the software and services companies on the list, digital platforms represented the majority of winners (49%) with enterprise infrastructure and productivity following with 31% of the winners. Security (13%), consumer software (5%) and education (2%), comprised the rest of the subsectors within software and services. Life sciences and fintech rounded out the top three industry categories with 16% and 12% of total winners, respectively.

Overall median growth rate of the winners was 497%. Life sciences had the highest median revenue growth rate at 665%.

 

The South Florida companies honored this year are:

  • #20 | MyFBAPrep
    • Software & services
    • 8,792% Growth
    • Coral Springs (Broward County)

MyFBAPrep is the highest ranked company in Florida and in the logistics and transportation category. The are a leading eCommerce warehouse logistics network, MyFBAPrep’s hypergrowth comes on the back of several major CPG client wins and the expansion of its warehouse network footprint to 85-million-square-feet of warehouse space globally.

Achieving a three-year growth rate of 8,792%, MyFBAPrep is one of the highest-ranked logistics and transportation companies on the list. This hypergrowth comes on the back of several major consumer packaged goods (CPG) client wins and the expansion of its warehouse network footprint to 85-million-square-feet of warehouse space globally. Handling all eCommerce needs from port to porch, MyFBAPrep offers its roster of enterprise-level customers and top eCommerce sellers cutting-edge warehousing and logistics solutions powered by its SaaS platform Preptopia®.

“Our team has been on a mission since Day One to change the face of eCommerce logistics as it exists today. Being recognized on the 2023 Deloitte Technology Fast 500™ list alongside the other high-flying  technology companies is a testament to our team’s commitment to this mission,” said Tom Wicky, Co-Founder and CEO of MyFBAPrep. “Our tech-first approach leveraging customer service and execution has been a winning formula, complimenting a client roster that has responded well to our product and continues to help us make our network and suite of services even better.”

  • #41 | Fox Ordering
    • Software & services
    • 4,143% Growth
    • Boca Raton (Palm Beach County)
  • #114 | ClassWallet
    • Fintech
    • 1,263% Growth
    • Hollywood (Broward County)
  • #162 | Honorlock
    • Software & services
    • 865% Growth
    • Boca Raton (Palm Beach County)
  • #165 | ViB
    • Software & services
    • 855% Growth
    • North Palm Beach (Palm Beach County)
  • #186 | Social Mobile
    • Hardware & semiconductors
    • 779% Hollywood (Broward)
  • #202 | Drawbridge
    • Software & services
    • 694% Growth
    • Palm Beach Gardens (Palm Beach County)
  • #215 | Instreamatic
    • Software & services
    • 660% Growth
    • Boca Raton (Palm Beach County)
  • #235 | Taxfyle
    • Software & services
    • 612% Growth
    • Coconut Grove (Miami-Dade County)
  • #257 | Launch Potato
    • Digital content/media/entertainment
    • 534% Growth
    • Delray Beach (Palm Beach County)
  • #276 | PlanHub
    • Software & services
    • 490% Growth
    • West Palm Beach (Palm Beach County)
  • #355 | springbig
    • Software & services
    • 365% Growth
    • Boca Raton (Palm Beach County)
  • #361 | CloudHesive
    • Software & services
    • 360% Growth
    • Fort Lauderdale (Broward County)

 

“As for growing companies, it’s always rewarding to be recognized for the ongoing commitment it takes to navigate obstacles, transform when necessary and ultimately create a thriving business,” said Christie Simons, Partner, Deloitte & Touche LLP and industry leader for technology, media and telecommunications within Deloitte’s Audit & Assurance practice.

“Over the nearly 30 years we’ve been compiling the Technology Fast 500, we’ve seen new categories emerge, growth rates explode, and certain regional markets shine from the bright talent they attract. We are proud of all the winners for achieving this well-deserved honor.”

Technology Fast 500 awardees are selected based on percentage fiscal year revenue growth from 2019 to 2022. Overall, the 2023 Technology Fast 500 companies achieved revenue growth ranging from 201% to 222,189% over the three-year time frame, with an average growth rate of 1,934% and a median growth rate of 497%.

The rankings are based on submitted applications and public company database research, with winners selected based on their fiscal-year revenue growth percentage over a three-year period. With so many entrants meeting the eligibility criteria this year, we expanded the 2023 Winners’ List to include those companies that achieved a growth rate of 200 percent or higher, as a celebratory sign that tech companies are thriving even amidst challenging economic times.

For more more information and full data points on the winners, please visit www.Fast500.com

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08
Nov, 2023

By Nikki Cabus

Ryder CISO named winner in Top Global CISOs for 2023 by Cyber Defense Magazine

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Ryder System, Inc. (NYSE: R) announced that Ryder Chief Information Security Officer (CISO) Joe Ellis has been named a winner of the Top Global CISOs Awards for 2023, sponsored annually by Cyber Defense Magazine.

Ryder System, Inc. (NYSE: R) is a leading logistics and transportation company. It provides supply chain, dedicated transportation, and fleet management solutions, including warehousing and distribution, e-commerce fulfillment, last-mile delivery, managed transportation, professional drivers, freight brokerage, full-service leasing, maintenance, commercial truck rental, and used vehicle sales to some of the world’s most-recognized brands.

Ryder provides services throughout the United States, Mexico, and Canada. In addition, Ryder manages nearly 260,000 commercial vehicles and operates approximately 300 warehouses encompassing more than 95 million square feet. To secure this top honor, Mr. Ellis competed against thousands of candidates. Judges search for the most innovative candidates, with success in communicating with their boards and senior level executives, and who aim to build powerful risk reduction programs for their organizations.

Chief information security officers help corporations avert disasters and work tirelessly to allow companies to grow and expand by managing and mitigating cybersecurity issues on a day-to-day basis.

Joe Ellis has been Ryder’s CISO since 2018 and is responsible for the transportation and logistics company’s information security program. Prior to joining Ryder, he was CISO at Subway Restaurants. With nearly three decades of IT leadership experience, he is also a CISSP® – Certified Information Systems Security Professional, Certified Information Systems Auditor® (CISA), and Certified Data Privacy Solutions Engineer (CDPSE).

“We are thrilled to see Joe achieve this top spot in the industry and be recognized as a leading cyber innovator and defender,” says Ryder Chief Information Officer Rajeev Ravindran. “Joe has driven significant results over the course of his 27 years in the IT industry, and his impressive leadership and experience have proven even more impactful at Ryder.”

Cyber Defense Magazine was founded in 2012 by Gary S. Miliefsky, a globally recognized cyber security thought leader, inventor, and entrepreneur and continues to be the premier source of IT Security information. Managed and published by and for ethical, honest, passionate information security professionals. Our mission is to share cutting-edge knowledge, real-world stories and awards on the best ideas, products and services in the information technology industry. We deliver electronic magazines every month online for free, and limited special editions exclusively for the RSA, BlackHat, and Cyber Defense Conferences.

“We’re pleased to honor Joe Ellis as a winner among the small, elite group of information security professionals of our Top Global CISOs Awards for 2023, celebrating with them at CyberDefenseCon 2023,” says Gary Miliefsky, publisher of Cyber Defense Magazine.

This is Cyber Defense Magazine’s 11th year of honoring cybersecurity innovators, in this case the Top Global CISOs for 2023, on our Cyber Defense Awards platform. In this competition, judges for these and other prestigious awards include cybersecurity industry veterans, trailblazers and market makers Gary Miliefsky of CDMG, Dr. Lindsey Polley de Lopez of VentureScope, Robert R. Ackerman Jr. of Allegis Cyber, Dino Boukouris of MomentumCyber and with much appreciation to emeritus judges Robert Herjavec of Cyderes, Dr. Peter Stephenson of CDMG, and David DeWalt of NightDragon.

To view the full list of winners, visit: https://cyberdefenseawards.com/top-global-cisos-winners-for-2023/.

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25
Oct, 2023

By Nikki Cabus

Biden-Harris Administration designates Tech Hub in Miami to address the Global Climate Crisis

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The Biden-Harris administration, through the U.S. Department of Commerce’s Economic Development Administration (EDA), today announced that the South Florida Climate Resilience Tech Hub in Miami, Florida, was designated as one of the 31 inaugural Tech Hubs in regions across the country that show potential for rapid growth in key technology sectors.

The South Florida Climate Resilience Tech Hub, a consortium led by Miami-Dade County, will advance Sustainable and Resilient Infrastructure innovation by developing, commercializing, and scaling technologies focused on climate adaptation and mitigation.

“President Biden’s Investing in America agenda is rooted in policies that will empower the United States to out-innovate and out-compete the rest of the world. Our Tech Hubs Program is fundamental to that mission and will supercharge innovation across the nation by spurring cutting-edge technological investments and creating 21st century job opportunities in people’s backyards,” said U.S. Secretary of Commerce Gina Raimondo. “Each of these consortia will help us ensure the industries of the future—and their good-paying jobs—start, grow, and remain in the United States.”

“These outstanding consortia exemplify place-based economic development strategies at their best: combining federal resources with regional assets, expertise, and coalitions to implement transformational opportunities,” said Assistant Secretary of Commerce for Economic Development Alejandra Y. Castillo. “As each region develops its own strategy to catalyze innovation and job creation, the entire nation grows more secure and more competitive.”

The mission of the U.S. Economic Development Administration (EDA) is to lead the federal economic development agenda by promoting competitiveness and preparing the nation’s regions for growth and success in the worldwide economy. An agency within the U.S. Department of Commerce, EDA invests in communities and supports regional collaboration in order to create jobs for U.S. workers, promote American innovation, and accelerate long-term sustainable economic growth.

“South Florida remains ground zero for the climate crisis, with the impact felt directly by communities and ecosystems throughout the entire region,” said Representative Sheila Cherfilus-McCormick (FL-20). “By harnessing local innovation and research, the South Florida Climate Resilience Tech Hub will develop cutting-edge technology solutions that meet this urgent moment and forge a more sustainable, resilient path forward. I applaud the Biden-Harris Administration for this crucial designation, which will unlock valuable funding for the region.”

This designation is part of the first phase of the novel Tech Hubs program, authorized by the CHIPS and Science Act, that will invest directly in high-potential U.S. regions and aim to transform them into globally competitive innovation centers. Designation is an endorsement of the region’s strategy to supercharge their respective technological industry to create jobs and strengthen U.S. economic and national security. Designated Tech Hubs are now eligible to apply for the next phase of the Tech Hubs Program that will invest between $50-$75 million in each of 5-10 Designated Hubs.

“As the world makes technological advancements, it’s essential Miami-Dade County remains aligned with the ever-evolving world, proactively readying our workforce and infrastructure for the future. Given that Miami-Dade County is at the forefront of the climate crisis, I am grateful the Biden-Harris Administration has designated the South Florida Climate Resilience Tech Hub within. This hub will help create jobs and jumpstart innovation in our county, specifically focusing on mitigating the devastating effects of climate change. In embracing the South Florida Climate Resilience Tech Hub, our county takes a significant step towards addressing the urgent challenges of climate change,” said Representative Frederica S. Wilson (FL-24).

“Miami is ground zero for sea-level rise, and we continue to lead the charge in developing resilient infrastructure,” said Representative Maria Elvira Salazar (FL-27). “We attract world-class talent and researchers—the establishment of a Tech Hub in Miami ensures we continue leading in innovation and technological advancement, while creating new jobs, growing our economy, and promoting national security.”

The 31 Tech Hubs were selected from 198 applications from regional consortia that include industry, academia, state and local governments, economic development organizations, and labor and workforce partners. The Tech Hubs span regions across 32 states and Puerto Rico and represent a cross section of urban and rural regions.

For a full list of Tech Hubs, visit TechHubs.gov.

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17
Oct, 2023

By Nikki Cabus

StevenDouglas celebrates 40 years in business as recruiting leaders

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StevenDouglas, a national search and interim resources firm founded in Miami in 1983, officially turns 40 years old.

Over the last 40 years, StevenDouglas has become a nationally recognized, Top 25 firm in the U.S. offering Executive Search, Professional Recruiting, Technology Staffing & Interim Resource services, with over twenty-five locations domestically, as well as a presence in Latin America and Canada. StevenDouglas has grown over 2500% since 2005, making it one of the fastest-growing firms in America.

The firm has a lot to celebrate as they have not only solidified their dominance in Florida being ranked the #1 Executive Search firm in the state, but the company has also made substantial gains over the last decade to become a top recruiting firm in the U.S.

In March of 2023, StevenDouglas moved to new updated, state-of-the-art offices in Broward County to support their on-going national expansion to over 25 markets in the U.S. as well as a presence in Latin America and Canada.

Adriana Duque, Director Of Client Services at StevenDouglas, posted a recent social media post stating, “Absolutely thrilled to share this incredible milestone with you all!  I’m honored to work with such an amazing organization. A personal thank you to our clients and candidates for trusting in us. Here’s to many more years of success.” Adriana is also a South Florida Tech Hub Ambassador and involved technology community member.

Founder Steve Sadaka and CEO Matthew Shore have opportunistically grown the firm from 1 office and 15 employees into a national business with 25 offices and over 165 professionals and over 450 active project associates and consultants.  This rapid expansion was based on their belief that by providing exceptional services to clients and working closely with them as trusted advisors, you’re able to create successful outcomes.  The firm’s success is evident as it reached the milestone of $130 million in revenue in 2022 and has been the recipient of various awards and top rankings in recent months.

“On this big milestone anniversary, I am feeling grateful for the trust and confidence that our amazing clients, candidates and employees have put in us for so many years”, said StevenDouglas Founder & Chairman Steve Sadaka who went on to say, “I remain committed to our roots as a boutique high-touch service business, with a great culture where employees can be themselves and enjoy coming to work, while having great opportunities to grow personally and professionally.  We are doing something special here and I can’t imagine the last 40 years any other way.”

StevenDouglas is also celebrating the firm’s unprecedented evolution over the last decade, being honored this year with multiple awards including being named on the prestigious Inc. 5000 which celebrates the fastest-growing private companies in the United States.  StevenDouglas’ dominance of the Florida market after 40 years in business has brought many firm accolades in 2023, including being ranked #1 Executive Search Firm in South Florida by the South Florida Business Journal (SFBJ) and appearing on the Hunt Scanlon Top 25 Executive Search Firm list which ranks firms across the Americas. These rankings position StevenDouglas as not only the #1 Executive Search firm in Florida, but also in the southeastern United States.  They were also recognized by the SFBJ as the Business of the Year in the $100-250m category and Best Places to Work.

StevenDouglas CEO Matt Shore said about the firm turning 40 this year, “It’s an honor every day to lead such an amazing team and be a part of a South Florida mainstay that companies have counted on since the early 1980’s.  Over the last two decades we’ve used our drive and passion for excellence to expand our footprint and capabilities to be able to serve a broader client base and create more positive outcomes for our clients and candidates.

While StevenDouglas reaffirms its commitment to creating great outcomes for the clients and candidates they serve, the last 40 years is proof that this recruiting firm is equally committed to cultivating an incredible corporate culture for its employees and supporting the community by partnering with various local causes and non-profits.

StevenDouglas states its mission is “To be committed to a culture where experienced recruiting and client service professionals can truly act as trusted advisors that care about people and put relationships first, act with integrity, and give back to the community all while providing industry leading services”.  At 25 years old, when Steve Sadaka founded StevenDouglas as a Search firm in Miami specializing in Accounting and Finance recruiting, he never dreamed he’d be here 40 years later with offices across the country. The one thing he always knew is that he wanted to make a positive impact with his business.  StevenDouglas has clearly lived up to Steve’s goal over the last four decades and is banking on the fact that this kind of perspective will serve them to continue to grow over the next 40 years.

To learn more about StevenDouglas, visit https://www.stevendouglas.com/

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17
Oct, 2023

By Nikki Cabus

Bravent recognized at the Miami-Dade Beacon Council annual Key Ceremony

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Bravent, an IT solutions firm, was recently recognized at the annual Miami-Dade Beacon Council Key Ceremony.

After meeting with organizations such as South Florida Tech Hub, The Miami-Dade Beacon Council, Lab Miami, and The Miami-Dade Chamber back in November 2022, the firm, based in Madrid, Spain, decided to open a United States office in 2023. The energy, passion and entrepreneurial drive of the South Florida community, in addition to the language and culture influences in the region attracted Bravent to the region.

Founded in 2013, Bravent was created with the objective of improving companies’ processes and results, through the use of customized technological developments. The IT consulting firm specializing in Microsoft technologies has a team of professionals who combine experience, creativity, and commitment. From web development to AI to Blockchain, the companies use a slew of technologies to support their customers as they grow, scale and innovate.

Just this year, Bravent opened their first office in Coral Gables, Miami and immediately began getting engrained in the local tech community by attending events, hosting workshops and conducting lunch & learns. The firm has recently hired many new staff including Allison Fierro, Sales Manager USA, based out of Florida.

The Miami-Dade Beacon Council concludes its fiscal year and begins another with the Annual Meeting and Key Ceremony which provides business and community leaders with a unique overview of the progress of economic development in Miami-Dade County over the past year and insights into the most pressing issues for the coming year.

The event also celebrates the passing of the gavel to the incoming Chairperson of the organization and honors companies who have either expanded, relocated or are new in Miami- Dade County with a Key to Miami-Dade County from the Mayor and other local dignitaries.

Bravent had the privilege of being one of the nine outstanding Spanish companies recognized at the Miami-Dade Beacon Council annual Key Ceremony. The company’s President of the U.S. Board of Directors, Luis Benito Matías Igea, received the key from Miami-Dade Count’s Mayor Daniela Levine Cava.

The key to The City of Miami represents Bravent’s commitment to their part of economic development within the community, steadfast dedication to bringing valuable jobs and investments to Miami-Dade County, and continuing to make a positive impact on the business landscape and the South Florida community.

To learn more about Bravent, visit https://www.bravent.net/en/

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16
Oct, 2023

By Nikki Cabus

Endeavor celebrates a decade of impact across Miami’s entrepreneurial ecosystem

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On October 11th, Endeavor Miami rang in their 10th anniversary with sunset celebration at Joia Beach in Parrot Jungle Miami.

The event was a celebration of impact, “empowering entrepreneurs to dream bigger, scale faster, and pay it forward,” as the Endeavor team would say.

Endeavor, a global organization that supports high-impact entrepreneurs in 40+ countries.

In 2013, Endeavor expanded from Latin America into the United States with their first office in the country based in Miami. The expansion was funded by John S. and James L. Knight Foundation who approved a $2M grant in 2012. South Florida has always been a hotbed of entrepreneurial activity and boasted a great work-life balance, yet struggled to support scaling startups. Endeavor Miami was on a mission to change that.

The event drew an impressive crowd of local leaders including two distinguished guests, Miami-Dade County Mayor Daniela Levine Cava and City of Miami Mayor Francis Suarez, who both addressed the crowd and congratulated Endeavor Miami and the team for their accomplishments over the past decade. Other attendees in attendance included Ernest Bachrach, Chairman of the Board, Lucas Chaya del Pino, Head of Dell for Startups, Matt Haggman, Founding Board Member and other leaders such as Melissa Medina, Johnna Mikkola, Erick Gavin, and our very own Tech Hub CEO Nikki Cabus. It was a great night for all!

“Endeavor Entrepreneurs generated $800 million in revenue and created nearly 5,000 jobs in 2022! That, my friends, IS IMPACT!” exclaimed Duran.

“Our journey has been nothing short of extraordinary. It’s about people coming together, like our Board Members, mentors, partners, and team members, who understand the potential of entrepreneurs to change the world. All of them make our work possible. And, of course, the show’s true stars, our incredible entrepreneurs, ” shared Claudia Duran, Endeavor Miami’s Managing Director.

Since launching in Miami in 2013, Endeavor has built and supported a portfolio of more than 25 companies led by over 40 entrepreneurs who have created over 5,000 employment positions throughout Florida as they scaled and hired talent. This momentum has brought in more than $800M in annual revenues in 2022. That’s huge!

According to a January 2022 Endeavor article, “As of 2022, 123 companies have completed our cohort initiatives and have gone on to employ over 1,500 individuals and generated $131M in annual revenues.” We can’t wait to see what those stats look like as we close out 2023.

Duran joined Endeavor Miami in 2019, where her determination, leadership experience, and thorough understanding of the entrepreneurial mindset have led the office to new heights of success. Endeavor Miami has recently launched Endeavor ScaleUp and EndeavorLAB. Both programs are exclusively for companies based in Florida, as we believe in the power of economic transformation by our local companies and we want to help write their stories.

Endeavor ScaleUp is a cohort-based initiative that equips high-growth founders in Florida with the network and resources to gain clarity on their path to scale. Endeavor selects up to 10 companies following its global selection criteria for high-impact entrepreneurs. They become your support system and community during and long after Endeavor ScaleUp is over.

EndeavorLAB is a cohort-based initiative to support underrepresented founders in Florida in building a foundation for scale. Current and past cohorts include a Latinx Founders, Women Funders and Black Founders cohorts sponsored and supported by VensureHR, Venture Miami, Dell for Startups and FPL Be PowerFL.

This year was the first time Endeavor Miami partnered with a city outside of Miami-Dade county in an effort to regionalize their efforts. The pilot program  was conducted with The City of Boca Raton through a two-month accelerated growth program where Boca-based founders took advantage of Endeavor Miami’s community of founders and experts, while gaining insights on how they can scale their business.

Congratulations to Endeavor Miami – we’re looking forward to the next 10 years!

To learn more about Endeavor Miami, visit https://endeavormiami.org/

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10
Oct, 2023

By Nikki Cabus

GrowFL Announces 13th Annual Florida Companies to Watch Honorees

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GrowFL has announced the 50 companies selected as the 13th Annual GrowFL Florida Companies to Watch Honorees.

The awards program – now in its thirteenth 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 13th Annual GrowFL Florida Companies to Watch awards celebration is brought to you by Duke Energy and 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.

71 finalists were announced earlier this 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 deserving second-stage businesses in our state,” said Jennifer Taylor, president, and CEO of GrowFL. “Second-stage companies are the lifeblood of our economy, creating jobs and fueling prosperity. This diverse group, spanning 20 different counties, representing 18 different industries and 32% of them being woman, veteran, or minority owned, proves Florida is a place where entrepreneurs can thrive. We look forward to celebrating their success for years to come.”

Since the first awards celebration in 2011, GrowFL has honored 600 companies from throughout Florida with this prestigious award. With this year’s honorees, GrowFL has now recognized 650 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.

“The companies selected as Honorees are some of the most vibrant and dedicated entrepreneurs in our state,” said Pete Previte, GrowFL Advisory Board Chair. “They are the visionaries and trailblazers of our economy who face challenges head on, lead with innovation and give back to their communities. It is our privilege to recognize them and their achievements.”

To qualify for the award, companies must be headquartered in Florida and have between 6 and 150 employees and revenue between $750,000 and $100 million. From 2019 through 2022, these companies generated close to $2 billion in revenue and added 871 employees, reflecting a 99% increase in revenue and a 62% increase in jobs for the four-year period. That translates into a 27% average annual revenue growth and a 19% average annual growth in employees.

These companies projected continued growth in 2023, with a 28% revenue increase and a 22% growth in employees compared to 2022. If their projections hold, these companies will have generated more than $2.8 billion in revenue and added 1,370 employees over the last five years — a 155% increase in revenue and 97% increase in jobs since 2018.

Companies named to the list will be officially recognized at the 13th Annual GrowFL Florida Companies to Watch Celebration on February 15, 2024, at the Hard Rock Live in Universal CityWalk, Orlando, FL. Tickets are on sale now. For more information or to purchase tickets, visit https://growfl.com/about-growfl-flctw/.

Five of the companies hailed from South Florida and the Treasure Coast. One of those companies was Streann Media.

One of the second-stage company honorees is Streann Media, a content-creation and streaming company, disrupting the content landscape. The company has built the most complete OTT platform in the world with a powerful Content Management System, Content App Editor and 150 tools to distribute, engage and monetize live and on demand content. Streann’s innovations include proprietary integration with Artificial Intelligence and Patent Technologies for Monetization. The Miami-based company has won multiple industry awards, has millions of active users and has been deployed in 141 countries.

Founder and CEO of Streann Media, Gio Punzo, told South Florida Tech Hub, “We are thrilled to be selected for the GrowFL Florida Companies to Watch Awards. This reconfirms the dedication and expertise of our talented team who consistently strive to provide innovative solutions and exceptional service to our clients.”

He continued, “We are delighted to be a part of Florida’s thriving business community and look forward to continuing our growth trajectory. We have grown to 70 million unique viewers in 141 countries around the world thanks to our breakthrough technology made in Florida.”

Below is the complete list of the companies named 13th Annual GrowFL Florida Companies to Watch Honorees:

Company Name County Industry
Alternative Repair & Machining Services Duval Other Services (except Public Administration)
AME International Hernando Wholesale Trade
Aspire Communications Seminole Telecommunications
Baker Design Build Duval Construction
Billed Right LLC Seminole Other Services (except Public Administration)
BlueWind Technology LLC Escambia Manufacturing
Charter Research Sumter Scientific Research and Development
Cigent Technology Inc. Lee Information Technology
Continuum Health IT St. Johns Scientific and Technical Consulting Services
Cromulence LLC Brevard Scientific Research and Development
DACKOR Orange Manufacturing
Data Graphics Inc. Lake Manufacturing
Delamere Industries Inc Hernando Manufacturing
Design Interactive, Inc. Orange Scientific Research and Development
Fort Myers Brewing Company Lee Manufacturing
Fox Logistics Bradford Transportation and Warehousing
GRACE Aerospace, LLC Duval Manufacturing
HOLLYWOOD WOODWORK Broward Manufacturing
Integrated Security Consultants Hillsborough Utilities
INTELLITEC PRODUCTS LLC Volusia Manufacturing
International Insulation Products Orange Manufacturing
Kinley Construction Brevard Construction
KMI International Orange Architecture and Engineering Related Services
Macrocap Labs Seminole Manufacturing
Mainstream Engineering Corporation Brevard Manufacturing
Martin Aquatic Orange Architectural, Engineering, and Related Services
Martinez Construction Services Brevard Construction
McGaw.io Orange Management Consulting Services
NLP Logix Duval Information Technology
Nona Scientific Laboratory Marion Health Care and Social Assistance
Optimus Energy Solutions Lake Construction
Paragon Cyber Solutions, LLC Hillsborough Information Technology
Pem-Air Turbine Engine Services Hernando Manufacturing
Pointer Construction Group Broward Construction
Pro-Tec Plumbing Collier Other Services (except Public Administration)
ProfileGorilla Duval Information/Media
PVM, Inc. Pinellas Information Technology
Spot Pet Insurance Miami-Dade Finance and Insurance
SSM Enterprises Duval Manufacturing
Streann Miami-Dade Information Technology
SunBlest Gardens Wakulla Wholesale Trade
SwiftPaws Brevard Retail Trade
SYL Roofing Supply Orange Wholesale Trade
Tech Rage IT Seminole Information Technology
The Association Partner St. Johns Advertising, Public Relations, and Related Services
Thompson Pump Volusia Manufacturing
TruPoint Communication Solutions Seminole Telecommunications
Volt Lighting Hillsborough Manufacturing
Weedoo Greenboat, Inc. Palm Beach Manufacturing
Young Innovators Academy Seminole Educational Services
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10
Oct, 2023

By Nikki Cabus

Ryder Systems women are celebrated for supply chain leadership

Read Time 3 Minutes

Ryder System, Inc. (NYSE: R)celebrates three female leaders as recipients of the 2023 Women in Supply Chain awards from Supply & Demand Chain Executive and Food Logistics magazines.

The 4th annual award honors female supply chain leaders whose accomplishments, mentorship, and examples set a foundation for women in all levels of a company’s supply chain network.

Ryder System, Inc. is a leading logistics and transportation company. It provides supply chain, dedicated transportation, and fleet management solutions, including warehousing and distribution, e-commerce fulfillment, last-mile delivery, managed transportation, professional drivers, freight brokerage, full-service leasing, maintenance, commercial truck rental, and used vehicle sales to some of the world’s most-recognized brands. Ryder provides services throughout the United States, Mexico, and Canada. In addition, Ryder manages nearly 260,000 commercial vehicles and operates approximately 300 warehouses encompassing more than 95 million square feet.

This year’s honorees from Ryder are:

  • Cherie Brinkerhoff, vice president of supply chain solutions, for championing a new workforce development initiative within the retail, technology, and healthcare vertical at Ryder. With logistics engineers in short supply, Brinkerhoff is piloting an internship program for employees interested in exploring supply chain engineering. By temporarily backfilling the interns’ regular positions, it’s a risk-free opportunity to develop new skills and showcase them in a way that provides additional opportunities for growth.
  • Cristy Gallo-Aquino, senior vice president, controller, and principal accounting officer, for building the women’s leadership and support network at Ryder. A founding member of Ryder Women Leadership (RWL) in 2010 and a 13-year executive sponsor of the group, Gallo-Aquino continues to reach deeper into the company to identify female leaders in customer warehouses and truck maintenance, rental, and lease locations, as well as central support service locations, across North America. And, she’s expanded the educational component of RWL, because she believes that knowledge is power.
  • Mauryo Jones, vice president for safety, health, and security, for building leading indicators for proactive safety measurements rather than relying on lagging indicators, such as injury and crash frequency rates, to measure the effectiveness of safety performance. Working with Ryder’s strategic analytics and data science team, Jones is utilizing vehicle safety technology, incident management systems and apps, as well as driver training to build the leading indicators that help Ryder focus on key injury and crash mitigation areas, predict future trends, and prevent undesired outcomes.

“If you want to bring about new ideas and innovative approaches to tackling challenges and solving problems, then you have to bring together people with different backgrounds and experiences,” says Diana Anderson, vice president of talent management and human resources at Ryder.

“That’s why talent development is central to everything we do at Ryder.”

Diana Anderson currently leads the Talent Management operations for Ryder System, Inc. She is responsible for leading succession planning, performance management and leadership development practices. Diana also provides human resources business support to the executive team. Prior to this position, Diana worked with AutoNation for 10 years within the Human Resources function.

Ryder is regularly recognized for its industry-leading practices in recruitment and hiring of a diverse workforce to develop, promote, and retain the best talent to engage employees and drive innovation.

For the full list of the 2023 Women in Supply Chain award winners from Supply & Demand Chain Executive and Food Logistics magazines, click here.

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10
Oct, 2023

By Nikki Cabus

FIU & FAU student duo wins $10K to develop wearable tech

Read Time 4 Minutes

South Florida students Laura Garcia (FIU) and friend Juan Fortich (FAU) win $10k to develop their wearable technology. 

The new company using sensor technology to help athletes perform better won the first prize in the 15th annual FAU Business Pitch Competition. The company develops small wearable pods that allow athletes to be healthier and maximize performance by improving their form in real time.

Laura is a health and fitness buff and was left frustrated as she trained for her first half-marathon in Yosemite.

“On top of spending months working on my physical endurance, I had to ensure my form was correct and my technique was on point to avoid any injuries,” says the computer engineering student, who is also a member of the FIU Honors College and Startup FIU. “It was during this grueling experience that I realized there had to be a better and more effective way to train,” Laura continued.

It is often said that necessity is the mother of invention, and Garcia’s months of physical training gave birth to the idea for DashOne.

Wanting to translate the challenges she faced during her marathon training into a creative solution, Garcia and Fortich doubled-down on their idea for wearable tech and began conducting market research to learn more about her target audience’s needs.

Garcia credits her time spent at StartUP FIU, the university’s dedicated innovation hub, with instilling a foundational knowledge of what entrepreneurship is all about. That consequently inspired her as she mulled her senior class project, a requirement for all College of Engineering seniors.

Garcia is quoted on the Startup FIU site stating, “What I like best about StartUP FIU is that it allows me to be surrounded by an amazing community of ambitious, talented and brilliant people that are passionate about being changemakers in the world regardless of industry or major. StartUP FIU has also taught me the value of seeking and discovering new insights when approaching complex problems.”

“Determined, creative and tech-savvy, Lara is emblematic of the future-ready student StartUP FIU produces,” says Emily Gresham, Assistant Vice President of Research, Innovation and Economic Development and a Co-Founder of StartUP FIU. “Our experiential programming, dynamic learning communities and dedicated mentorship prepares students for success after graduation, and arms them with the self-confidence, skills and knowledge to help them excel.”

Laura partnered with her friend and Florida Atlantic University  student, Juan Fortich, to build DashOne. The pair’s prototype device has two components: a wearable sensor that can attach to different parts of the body, such as the torso, knees or ankles, and a mobile app that tracks and analyzes a workout in real time.

“Our goal is to reach competitive runners looking for real-time feedback on their stride, technique and form,” said Laura. “Most injuries happen due to poor form and running posture,” she explains. “While other devices focus on output and biometrics, such as a person’s stride or pressure when hitting the pavement, DashOne homes in on a runner’s form, which is critical to achieving peak performance.”

Garcia and Fortich started to develop the prototype in January 2023. Fortich was able to get the duo entered into Florida Atlantic University’s Business Pitch Competition where they won first place – and a $10,000 prize.

The annual FAU Business Pitch (formerly Plan) Competition is hosted by the College of Business, Adams Center for Entrepreneurship with support from local partners and sponsors. The competition encourages FAU students, faculty, staff and recent graduates to pitch their game-changing idea for a chance to fund their new ventures.

Along with prize money, teams compete for legal and business services, preferred access into the FAU Tech Runway Venture Program and the opportunity to present their business pitch to local angel, venture capital groups and more. Competitors have the opportunity to meet and network with successful entrepreneurs. Resources are provided to aid students in the creation and implementation of their businesses. Students will gain valuable skills and experiences to be successful.

“This year, the competition was the largest and best we’ve hosted,” said Kevin Cox, Ph.D., associate director of the Adams Center. “We expanded the finalists, given the large number of high-quality applications. The judges agreed that the competitors and pitches were excellent, making it especially difficult to select the winners.”

Named in recognition of Florida Atlantic University graduate and serial entrepreneur Scott H. Adams, the Adams Center for Entrepreneurship brings students, faculty and the community together to fuel the innovation needed to create new venture opportunities in the ever-changing global marketplace.  The mission of the Adams Center for Entrepreneurship at the DeSantis Pavilion is to create and educate entrepreneurial leaders who find sustainable solutions to economic and social problems. The goal of the Adams Center is to prepare FAU students in business, science, engineering, and all disciplines who are looking to become entrepreneurs through business ownership or through venturing.

Additionally, they have raised $5,000 by participating in the Blackstone Launchpad Fellowship, hosted by FIU’s Pino Entrepreneurship Center. The dynamic duo also competed in the semifinals of Draper Competition for Collegiate Women Entrepreneurs, one of the largest collegiate entrepreneurship competitions in the nation.

Garcia and Fortich plan to continue perfecting the prototype so DashOne can start raise enough capital to bring the unique device to market.

“DashOne has allowed me to step into rooms that I never expected to be in, connect with and inspire other students to pursue their own passions through entrepreneurship, and make the most out of FIU’s diverse resources and network before graduation,” Garcia says. “For that, I’m incredibly grateful.”

Click here to learn more about the other pitch competition winners and their companies. 

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26
Sep, 2023

By Nikki Cabus

4Geeks Academy and Boca Code announce merger and plans to expand tech education in Florida

Read Time 5 Minutes

4Geeks Academy, a leading coding bootcamp in Miami, is thrilled to announce its merging with Boca Code, a respected coding school in Boca Raton.

South Florida Tech Hub sat down with 4Geeks Founders, Marcelo Ricigliano and Alejandro Sanchez, and Boca Code Founder, Todd Albert, to discuss this newly formed relationship.

4Geeks Co-Founder, Marcelo Ricigliano, opened the conversation by stating that “Boca Code is a respected and engaging coding school that I had been following for the last few years. The first time I met Todd I let him know he was doing a great job for technical education in Boca Raton and South Florida. This is a great day for everyone involved!”

This strategic merger marks a significant milestone in the evolution of both institutions and promises to enhance the landscape of technology education in the state. With their international headquarters already based in Miami and another Florida location in Orlando, Boca Raton will become the third location in the Florida for 4Geeks Academy.

Marcelo shared that he and Alejandro have dreamed of making 4Geeks a reference in Florida for those wanting to change careers into technology.

Under this new alliance, Boca Code students and alumni will now become part of the 4Geeks family. Prospective learners and the broader community interested in coding education will gain additional access to a wider array of educational resources, courses, and career opportunities. By joining forces, 4Geeks Academy and Boca Code aim to better serve the rapidly growing tech community across the state. 

“Internally, we always talked great things about Boca Code’s results and approach,” Marcelo admits. “This merger aligns with our mission of making quality coding education accessible to all and will enable us to provide even more comprehensive, industry-relevant training to our students.”

Boca Code students are heavily involved in the community through organizations such as South Florida Tech Hub, attending and volunteering for Hackathons, conferences and supporting local entrepreneurs such as with the pitch scoring app they built for last year’s Ignite Florida Startup Summit. Although based in Boca Raton, Boca Code students attend meetups and networking events across the region from Miami-Dade to Indian River.

Alejandro Sanchez, Co-Founder of 4Geeks added, “The job that Todd has done was always followed by us. We really like everything he was doing at Boca Code. It’s really exciting to do this and welcome everyone to 4Geeks Academy. I’m sure it will be an extraordinary experience.” 

He continued, “The Boca Code curriculum is very thorough and are still digesting it. My first reaction when seeing it, was to keep it. We want to take the best from both schools offering students additional options as well as ensure the best possible educational content.”

4Geeks currently offers a more concentrated curriculum around mobile web development with courses in Full Stack Coding Bootcamp, Data Science and ML, and Blockchain and Web3 while Boca Code code curriculum is a little more broad offering courses such as Software Engineering Career Track, Data Analytics and Python, AR / VR and Game Development, Intro to Web Development, Intro to JavaScript and Node.js, and React.

4Geeks is known for offering a unique value, (quality + methodology + financing options + price) aimed to scale among the best coding bootcamps in the state and this will certainly keep them on track to achieving that goal. During the transition phase, Todd Albert, Founder of Boca Code is expected to continue teaching some of the classes.

Boca Code founder Todd Albert added, “Partnering with 4Geeks is a great deal for us. Their team, credibility and experience will drive our community to great standards and outcomes; also, they align well with what we’ve been working to build at Boca Code. I’m happy to be a part of this journey and ready for new challenges to come.” 

Todd is currently the Bootcamps Sub-Committee Chair of the Tech Talent Committee pulling together industry, higher education, bootcamps across the region. 4Geeks is also a part of the Miami Talent Coalition supporting the expansion of tech education connections in Miami. With the merger, Alissa Landra, Campus Manager at 4Geeks will be joining Todd as the South Florida Tech Hub Bootcamps Sub-Committee Co-Chair, helping further connect Miami efforts to the entire region.

Alissa shared that, “Across the United States, 4Geeks has graduated more than 70 cohorts, more than 2,000 graduates, and 35% of those graduates are women. We want to push more women to take our program!” This sentiment is shared across both organizations who have worked with other partners and nonprofits to aid in access and financial assistance to their programs creating more diversity in the tech landscape.

4Geeks Academy and Boca Code share a commitment to providing top-tier coding education as well as making this education accessible to underserved and underrepresented groups of people in the community. 4Geeks has worked with organizations such as United Way Miami and Miami Dade College to offer education to those who may not have access otherwise. Boca Code has built a long-standing relationship with TechStrong Group, a Boca Raton-based media and events company, who provide scholarships to students through the “Engineer the Change” program. 

This merger brings together the expertise and resources of both organizations, resulting in improved learning materials and support for students. Students will gain access to a wider range of coding languages, technologies, industry-focused courses, and even scholarships and financial support. Graduates will also benefit from an expanded professional network, providing more opportunities for career growth across the South Florida region. 

For more information about the merger or to inquire about enrollment opportunities, please visit 4geeksacademy.com  or contact (786) 416-6640.

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17
Sep, 2023

By Nikki Cabus

CIC Miami is elevating the future of BioTech and Life Sciences in South Florida

Read Time 4 Minutes

Seven BioTech and Life Sciences startups were welcomed into CIC’s International Soft Landing Program. 

CIC’s international Soft Landing just ended 22 hours of master classes led by 10 well-connected facilitators with 7 Startups as part of the BIG in BIO program from The Ganesha Lab, a global accelerator for Latin American science and technology-based startups.

Cambridge Innovation Center, or “CIC,” is a global leader in building and operating innovation campuses that support the growth of entrepreneurs and startups. Founded in 1999 with a single location in Kendall Square, the company now operates more than 1 million square feet of shared workspace, wet labs, and event space in the US, Europe, and Asia. Its collaborative work environments support thousands of individuals in the for-profit and nonprofit sectors who are focused on innovating solutions to local and global problems.

In partnership with The Ganesha Lab, the recent cohort attracted startups from diverse origins and six different countries including Chile, Argentina, Mexico, Brazil, United Kingdom and the United States representing a “global melting pot of talent.”

“International Soft Landing has changed the trajectory of dozens of entrepreneurs by giving them the skills and unique tools needed for an international organization to grow and make a splash in the U.S. economy,” said Alejandra Winter, Director of CIC’s International Soft Landing.

Established in 2016, International Soft Landing is a CIC platform program designed to support entrepreneurs with mid-sized companies who desire to expand their operations into the U.S. It’s an opportunity for entrepreneurs to gain cultural and practical understanding of business in the U.S. through an immersive experience.

The cohort provides unique programming developed specifically to help applicants gain the skills and knowledge needed to expand in the U.S., develop a broader business network, and meet potential investors and U.S.-based mentors. This program is especially equipped to support startups in tech industries, such as fintech, biotech, and edtech, given CIC’s deep roots and connections in the innovation economy.

This cohort included startups from The Ganesha Lab on a mission to redefine healthcare and sustainability through innovative solutions addressing some of the most pressing challenges of our time in the fields of BioTech, Diagnostics, Healthcare Access, and FoodTech. Having had success in securing funding in Latin America, these startups demonstrate the real potential for growth in the U.S. market and their readiness for global expansion.

The Ganesha Lab is a global biotech scaleup for science and technology-based startups in Latin America with the aim of “better understanding culture and responsiveness of evolving humans, connecting the worlds of science, biotech, entrepreneurs and people.”

“We are confident that the knowledge gained from exceptional mentors during this experience will play a pivotal role in their internationalization journey,” The Ganesha Lab wrote in a recent social media post.

Meet the startups and their leadership here:

  1. AQUIT | Improve natural immunity in fish with an innovative and non-invasive treatment to prevent infections during production.
  2. Biogea | Promotion of an environmentally friendly organic agriculture through a groundbreaking safe and sustainable liquid solution.
  3. DELEE | A state-of-the-art technology that isolates and analyzes circulating tumor cells from the blood, allowing the effective detection of early-stage cancer.
  4. Hedonix | A breakthrough method of producing ingredients for food, cosmetic and pharmaceutical markets, through unconventional microorganisms and CRISPR.
  5. innovai | Delay of microbiological spoilage in salmon fillets through a product that prolongs the preservation and freshness of salmon fillets.
  6. TREARS Biomarkers | Detection of chronic diseases, such as depression and diabetes, among others, through the study of earwax.
  7. Synergic Bio Solutions | Francisco Rivera, José Luis Flores – Fighting osteoporosis through ionic calcium and microencapsulated vitamin D, ensuring the delivery of these minerals directly to the bones.

But the collaboration with The Ganesha Lab goes beyond the cohort, for the second year in a row we are working together to bring the BIOHUNT Summit Miami 2023. Where early-stage biotech startups will meet with key industry players and investors, from the US, Europe and Latam. On November 7th and 8th, The Ganesha Lab and CIC will bring Biohunt Summit 2023 to Miami.

The 2022 summit brought out over 250 people. The event sought to make the potential of Latin American biotech startups visible in the U.S. market and generate connections to transform science into a good business. The venue served as a perfect place for attendees to connect and build the initial bonds during the brunch that kicked off the event, to then be followed by the presentations of the startups in the dolphin tanks.

The first day, which will take place at the Rubell Museum, will be focused on investors and the potential relationships they can create with the founders of the startups. This engagement will unfold through two sessions of dolphin tanks with stellar presentations and the participation of extraordinary speakers.

On the second day, the activities will move to the Mana Tech Auditorium, and the activities aim to give startups the opportunity to surround themselves with industry experts to better understand the dynamics of setting up in the United States. Stay tuned for more info and registration opening soon!

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06
Sep, 2023

By Nikki Cabus

GOVO Venture Partners Co-Leads $5M Seed Round in Climate-Tech Startup Kind Designs

Read Time 3 Minutes

GOVO Venture Partners, along with M4 Investing and the Florida Opportunity Fund, is co-leading a $5M seed investment round in Miami-based Kind Designs.

This is the third portfolio company investment GOVO has made since announcing the launch of its venture fund, GOVO Fund I, in January.

It’s estimated that by the year 2100, Miami will be completely submerged by water by 6 – 10 feet “resulting in mass migration,$217 Billion in lost homes and Miami being submerged,” according to the Kind Designs. Empowering nature with technology, Kind Designs is a climate-tech startup that’s addressing rising sea-levels by revolutionizing the outdated and traditionally toxic seawall construction industry.

Through its use of innovative,  patent-pending 3D printing technology, and eco-friendly materials, Kind Designs is producing the world’s first 3D-printed Living Seawalls™️. The Living Seawalls™️ mimic coral reefs and mangroves which protect coastal communities from floods and storm surges, while creating marine habitats that host biodiversity and improve the quality of the water, The Living Seawalls sequester carbon and collect essential water quality data through embedded sensors.

Anya Freeman, Kind Design’s founder and CEO shared, ”we are thrilled to have a Florida-based firm with deep roots in the community and government expertise lead our round, enabling us to protect all coastal cities with Kind’s Living Seawalls and grow far beyond our home state of Florida.”

In a recent social media post, Anya also shared this sentiment, “Your team of investors knows how to get stuff done. It’s GO TIME in Miami!!”

Rob Panepinto, GOVO’s managing general partner, said of the investment, “In response to sea level rise, government agencies throughout the world will seek to adopt policy and guidance for ecologically responsible sea walls. By applying its proprietary and innovative technology, Kind Designs is setting the standard and solving a global problem. We look forward to collaborating with our co-investors and the Kind Designs team as they work to become the market leader in the space.”

 

GOVO Venture Partners is a Winter Park, Florida based company. GOVO Fund I is a venture fund that invests, seed round through series A, in early stage companies for which doing business with government or navigating government regulations is an important success factor.

4 Investing is a Florida based family office that owns and operates a diverse portfolio of companies. The firm also invests in real estate, private equity funds, and direct venture capital.

Earlier this summer, The Florida Venture Forum and co-host, Space Florida, hosted the 2023 Aerospace + EmergingTech Forum awarding over $200,000 in cash and VC investment and Kind Designs took home $40,000. In addition to the cash prizes awarded, DeepWork Capital, an early-stage venture capital firm based in Orlando, is announced they will also invest in Kind Designs.

Read more here.

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04
Sep, 2023

By Nikki Cabus

Miami agtech startup Envonics acquired by world leader RussKap

Read Time 5 Minutes

Miami-based agtech startup Envonics announces their recent acquisition by world leader RussKap.

Founded in 2019, Envonics has become a leading provider of precision agriculture solutions that enable farmers to achieve optimal crop yields through real-time monitoring, optimization, and data-driven insights. By combining cutting-edge AI-powered technology with a deep understanding of agriculture, Envonics empowers farmers to make informed decisions that enhance productivity, sustainability, and resource efficiency.

This acquisition brings together two major industry players with a shared commitment to revolutionizing sustainable solutions with cutting-edge innovation. Diversifying into agricultural solutions is also a new milestone in RussKap Water’s business and product strategy, bringing new revenue opportunities to the company.

RussKap Water is the world leader in Atmospheric Water Generation (AWG) technology developing advanced AWG systems to produce clean water from the moisture in the air. With a strong focus on quality, sustainability, and efficiency, RussKap Water has become a trusted provider of Atmospheric Water Generation solutions across various sectors, including military, commercial, and residential applications.

The current market base of RussKap consists mainly of industrial, commercial, military, and residential clients in over 40 countries. By integrating Envonics’ product offering with Atmospheric Water Generation, RussKap Water will be able to better develop and serve its agricultural market.

RussKap Water and Envonics bring together top-tier research and development teams and diverse experience in their respective fields. With this acquisition, RussKap Water will expand its market base, providing clients with advanced water solutions for controlled environment agriculture. Envonics will dramatically accelerate its growth trajectory and improve its product offering with new capabilities while continuing to deliver on its commitment to small and enterprise farms.

“Envonics is at the forefront of data-driven agricultural solutions with an exceptional product offering. Integrating our innovative AWG systems with their technology stack will make a tremendous impact in advancing sustainable farming practices” said Ed Russo, CEO at RussKap Water.

Widely recognized as a premier developer in AWG technology, RussKap Water serves as the largest supplier of AWGs to the US military and Department of Defense. With a proven track record in providing high-quality atmospheric water solutions, RussKap Water has transformed the landscape of water sourcing by harnessing the fully-renewable supply of water in air to generate clean and healthy drinking water at the point of need. The company’s revolutionary AWG systems utilize an internal ozone water treatment system to produce drinking water that exceeds global health standards all while greatly simplifying the process of accessing clean drinking water.

“We are thrilled to welcome Envonics into the RussKap Water family,” said Yehuda Kaploun, President at RussKap Water. “Envonics is transforming controlled environment agriculture and by combining our advanced water generation technology with their precision agriculture solutions, we can provide farmers with a comprehensive toolkit to improve their water and crop management needs on all fronts.”

Since its inception, Envonics has been dedicated to supporting farmers worldwide with state-of-the-art precision agriculture solutions. Its primary offering – Envonics Vertical Ecosystem (eVE) – is a plug and play solution that collects real-time crop data and utilizes an AI cloud ecosystem to automatically optimize irrigation and crop environments. By monitoring and optimizing crop conditions in real time, Envonics empowers farmers with actionable insights that maximize yields, enhance sustainability, and improve overall efficiency.

In recognition of the company’s important progress, Envonics was recently awarded a competitive research grant from the National Science Foundation. Their innovative system has set a new standard for precision agriculture, ushering in a new era of data-driven farming practices.

Customers can expect to see this system integrated with RussKap Atmospheric Water Generators (AWGs) which will allow growers to determine and maintain the best minerals, water content, and soil composition to make crops grow as quickly and as healthy as possible. RussKap customers can expect to see this included in RussKap’s product offering as they integrate their water from air technology into comprehensive water solutions for agricultural clients.

Lior Barhai, Co-Founder and CEO at Envonics said, “Our mission has always been to enable farmers to maximize the quality, sustainability, and efficiency of their agricultural operations, and we are delighted to join forces with the team at RussKap Water, who share that passion. This deal will enable Envonics to leverage RussKap Water’s scale and expertise to further develop our technology and deliver value to our clients at a faster pace. We look forward to continuing our advancements in data-driven agricultural solutions and are ready to hit the ground running.”

RussKap’s resources will allow Envonics to advance their goals much more rapidly than possible alone. The acquisition has given the Envonics team increased bandwidth that will allow them to expand R&D, improve product offering, and ultimately reach more customers. The joint efforts of RussKap Water and Envonics will lead to the development of innovative solutions that optimize water usage, increase crop yield, and reduce environmental impact. This collaboration will greatly contribute to achieving global goals of improving food security, water access, and sustainability, ensuring more efficient agricultural solutions for future generations.

Lior shared that he realize this was the right opportunity for Envonics when he thought about how RussKap’s mission was so very aligned with their own and how “our combined efforts will lead to better innovations in providing healthy food and healthy water for the world. Additionally, RussKap is a company with global reach and recognition, and is always innovating and looking to integrate emerging technologies. Their world leading AWG systems were the missing link in stabilizing water minerals content for our solutions.”

RussKap Water will become the sole shareholder of Envonics, which will continue to operate as an independent brand and business unit led by Co-Founder and CEO Lior Barhai. Some members of the Envonics team will stay on and RussKap will be bringing new members to the team as well. RussKap is currently a privately held company; no financial information was shared.

“The emerging tech environment in South Florida has been a great aid,” stated Lior. “There is a loud community here and a lot of public interest which has greatly assisted in our growth. The ability to grow year round in South Florida has also been a great help.”

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23
Aug, 2023

By Adam Elitzur

Modern Trials and InterSystems Collaborate to Transform Clinical Trial Recruitment

Read Time 5 Minutes

Modern Trials®, a startup aiming to transform clinical trial-patient matching, is now collaborating with leading healthcare technology provider InterSystems®.

Currently, clinical trial recruitment is accomplished by either relying on doctors to refer the patients they think will meet trial eligibility criteria or by patients responding to a trial advertisement. Neither of these methods are very effective, as there are over 50,000 active clinical trials that each have very specific eligibility criteria. The collaboration between Modern Trials and InterSystems aims to solve this issue.

 

The Birth of Modern Trials

Founded in 2019 by Dr. Christopher Ochner and Dr. Alexander Logsdon, Modern Trials aims to match patients with clinical trials that could potentially save their life by connecting patients in need of advanced treatment options through democratizing access to clinical trials.”

Dr. Logsden, a practicing clinician often experienced his patients desperately seeking, but unable to find, appropriate clinical trial opportunities. Dr. Ochner had been working in research administration, running clinical trials and noticed companies spending tons of money trying to promote these trials and desperate to find patients. The two parties were continuously missing each other.

Dr. Ochner had the unfortunate experience of his own mother, Mae, being diagnosed with stage IV cancer. After frantically searching for clinical trials that were both clinically relevant and immediately available, he continuously come up empty handed. Dr. Ochner had to find her a clinical trial fast and rightfully assumed it would be easy because he works in the field. Unfortunately, that wasn’t the case.

“I spent a month and I couldn’t get it done for my own mother,” Dr. Ochner told South Florida Tech Hub. “And that’s having been in the industry 20 years. I said to my Co-Founder Logsdon, “You were right, this system is broken and we need to fix it.”

That was the birth of the Miami-based Modern Trials.

Modern Trials sits at the intersection of health care and life science, partnering with healthcare organizations who have the patients in need of additional treatment options. They ingest the healthcare organization’s patient data and then make it searchable for their life science customers, clinical trial managers, in a private and secure manner.

 

How can InterSystems help?

InterSystems delivers high performance, cloud- first data platforms that solve data interoperability, speed, and scalability problems for large organizations globally through unifying disparate data into a single, complete view to enable better business outcomes. InterSystems’s IRIS for Health – Community Edition enables interoperability between EHRs and health applications, which enables utilization of data across distributed systems. This product arguably makes InterSystems the mac daddy of EHR data integration. What is EHR data integration you ask?

Modern Trials needs to search for patients who meet specific trial eligibility criteria (sometimes 50 or more) from EHR data. This data comes from many different healthcare organizations which means it comes in different formats and structures, and uses different standards, units, conventions and terms. However, for that data to be useful, it must be all made completely uniform. This monumental task is a major challenge when trying to utilize health records from different sources, particularly at scale with millions of records.

It’s incredibly complex and the reason that getting your medical records where and when you or your provider need them seems impossible. InterSystems IRIS for Health – Community Edition is built to do exactly this. Modern Trials will use it to ingest very large amounts of data from different sources (and therefore in disparate formats, structures, etc.) so that it winds up neatly and uniformly formatted on their database. This enables their customers to search that data and get accurate results. Ochner states; “For Modern Trials, this is key; it makes it possible to query this data so the right patients can be found and presented with potentially life-saving opportunities.”

InterSystems, a provider of next-generation data solutions that support mission-critical applications and drive digital transformation, has been the information engine powering some of the world’s most important applications in business, government and healthcare since the 1970’s. Some of their largest healthcare customers are Epic and the US Department of Veterans Affairs. Their products have received global industry recognition from Forrester, Gartner and KLAS Research and they have a 45-year history in the digital health sector working with the largest and most successful providers, payers, health networks, and health IT companies in the world. In fact, InterSystems is the world’s most popular data platform for healthcare, with more patient records managed on its technology than any other company. Of particular relevance to Modern Trials, InterSystems has an expansive network of EHR data and numerous healthcare organization clients that could benefit from clinical trial matching services.

The collaboration between Modern Trials and InterSystems aims to solve the previously insurmountable issue of bringing the right patients together with the right trial opportunities, largely facilitated by the EHR data integration enabled by InterSystems. “When we go through all the EHR data, we can pre-screen people without having to bother them,” Ochner explained. “This way we go directly to the individual and we already know that they’re very likely to meet criteria. About 96% of patients want to hear about it. They really appreciate having relevant opportunities brought right to them.”

The collaboration provides benefits for both companies. “InterSystems has a huge footprint in the healthcare space and a sizable but smaller footprint in the life science space,” Ochner stated. “Modern Trials sits right at the intersection of health care and life science and this collaboration illustrates the utility of InterSystems technology for life science customers. Their technology enables us to do what we do so this collaboration will also showcase how Modern Trials enables healthcare organizations to provide advanced treatment options to their patients. We are grateful for the opportunity to demonstrate to InterSystems the value in providing trial recruitment services to their clients through Modern Trials.”

An innovation like Modern Trials, paired with a trusted player in healthcare informatics like InterSystems, could revolutionize the trial recruitment process, potentially solving the most expensive pain point in the therapeutic approval process. This would increase access to new medications and medical devices for patients in need, and reduce the time and cost associated with bringing new therapeutics to market. Ultimately, Modern Trials and InterSystems hope to accomplish the mission of providing the opportunity for a better and longer life to every patient in need.

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