Startup Florida Launches Incubator for Early Stage Technology Companies

Incubator Represents First Phase of Startup Florida's Technology Growth Plan

Sarasota, Florida - 10/30/02 - Startup Florida today announced the opening of its incubator facility in Sarasota, Florida. The incubator will serve as a location for high-tech entrepreneurs to interact with like-minded individuals and develop their ideas into commercially viable ventures. As part of Startup Florida¡¦s initiative to drive the development of technology in the region, the incubator serves as the first phase of Startup Florida¡¦s technology growth plan.

Designed as a collaborative environment, the facility maximizes open spaces while supplying residents with the requisite professional amenities such as conference rooms, phone lines, and Internet connectivity. This structure promotes the organization of events and seminars, while also allowing residents to perform necessary business activities such as presentations and private strategy sessions.

"One of the primary goals of the incubator is to provide a location where entrepreneurs can plug-in", states Rich Swier, Startup Florida Managing Partner. "Whether that means working at the facility daily, participating in periodic events, or just seeking information on how to integrate into Florida¡¦s technology market, is up to the interests of the individual."

In addition to the physical amenities, Startup Florida is also able to provide strategic services such as:

Mentoring
Business Planning
Marketing
Research and Development
Financing
Legal

"The incubator serves as the starting point for entrepreneurs to establish a company, build relationships, and merge into our network," states Jason Broom, Startup Florida Managing Partner. "Residents can then take advantage of our strategic services to help their business maintain its' focus and grow."

The introduction of the incubator into the region will not only play a critical role in diversifying the economy of the Gulf Coast, but will also serve as center of professional development for active entrepreneurs.

"In addition to facilitating the growth of emerging companies, the Incubator will serve as an educational center for entrepreneurial activities in the Sarasota and Manatee County areas", said Dan Miller, Startup Florida Managing Partner. "Educational activities will include business and organization planning seminars and strategy sessions, as well as monthly facilitated CEO-Peer Group meetings."

Startup Florida has a variety of programs available for entrepreneurs seeking office space, mentoring, and access to our services portfolio. Those interested in learning more about Startup Florida¡¦s incubator can contact us at info@startupflorida.com.

About Startup Florida, LLC

Startup Florida is a Venture Development Group that assists early stage technology companies through investment, mentoring, infrastructure support, and a business network.

Our mission is to accelerate the growth and maturity of our clients, and execute strategies designed to increase shareholder value.