Issue 86 – June 2020
Message from the Business Manager
It has now been over three months since Florida recorded its first confirmed COVID-19 case. Since then, we have recorded over 75,000 cases in this State, and over 21,000 small businesses have applied for Economic Injury Disaster Loans (EIDL) exceeding a total of $1.9 billion. As we are all navigating throughout these challenging times, I want to thank all the entrepreneurs who have dedicated themselves to building great companies and disruptive technologies for their dedication and perseverance. Furthermore, I’d like to thank the Institute Board of Directors, Leadership Council members, associates, research partners, and community partners for continuing to share our vision of driving innovation-based economic development throughout Florida, helping to improve everyone’s lives. The Institute is committed more than ever to help create additional high-wage technology jobs across the State.
SegAna Modifies Cancer Treatment Software to Help Coronavirus Patients
SegAna Tech CEO Rodney Bosley was recently interviewed by Spectrum News 13. SegAna is currently modifying its existing Cancer Treatment Software to help coronavirus patients requiring the help of ventilators. SegAna’s cancer treatment software received FDA clearance earlier this year. It can locate precisely where the radiation treatment is going, which helps prevent any damage to healthy tissues. The new modification will help prevent ventilator lung injury among coronavirus patients, saving lives of patients that may otherwise suffer severe consequences. With its patented technology from UCLA and UCF, the company received another round of funding by the Florida Institute earlier this year.
SegAna and Aerosens were selected for Aerospace Innovation & Tech Forum Webinar Series by the Florida Venture Forum and Space Florida
Two of the Institute’s portfolio companies showcased their technical solutions virtually in a diverse mix of companies with innovative and inspirational technologies at an event hosted by the Florida Venture Forum and Space Florida in May. Aerosens provides a cloud-based platform to maximize aircraft cabin security and increased process efficiency for airlines while reducing costs. SegAna utilizes artificial intelligence and proprietary algorithms to minimize tissue damage caused by radiation in cancer treatments. SegAna’s life-saving software is also being modified to avoid ventilator lung injury for coronavirus patients. More information can be found here.
Florida Institute Helps Yac Media, Inc. Raise over $1.5 Million
The Institute announced in May that it has helped Yac Media, Inc. to raise funds in excess of $1.5 Million. Yac, an Orlando-based technology company, is currently developing one of the most efficient communication platforms for remote work teams. Yac launched its new remote work tool in the midst of the COVID-19 outbreak to offer an alternative to typing or calling teammates each time they need to collaborate. The full press release may be viewed here.
There has been a change to our office and mailing address:
6911 Pistol Range Rd.
Suite 131
Tampa, FL 33635
Should you have any questions, please contact us at 561-368-8889.
About Us
Formed by the Florida Legislature in 2007, the Institute for Commercialization of Florida Technology supports and funds innovation companies that create clean jobs in new industries that are driving the global economy. The Institute provides company building services, and seed funding through the Florida Technology Seed Capital Fund, to promising Florida startups that are developing products that improve and save lives and help companies improve their bottom line. The organization’s investment decisions are guided through a strong partnership with its Private Fund Manager, Florida Funders. The Institute’s economic impact between 2011 and 2019 was $1.9 billion, with an annual return on investment of 31 times to the State of Florida.