techDaily.info :: EDC Protégé Wins First Prize in FAU’s Business Plan Competition

Thursday, January 08, 2009

EDC Protégé Wins First Prize in FAU’s Business Plan Competition

Posted: 5/16/2002

Posted By:	EDC		Contact:	Chris Kennelly
Phone:	561-620-8494		Email:	ckennelly@edc-tech.org

PRESS RELEASE PRESS RELEASE

COMPANY CONTACT:
Betty Karsch, Incubator and Membership Director
Enterprise Development Corporation
561-620-8494 x10 bkarsch@edc-tech.org

FOR IMMEDIATE RELEASE

EDC PROTÉGÉ WINS FIRST PRIZE IN FAU’s BUSINESS PLAN COMPETITION

Gardenia Systems has Florida Atlantic University connections

Boca Raton, FL – May 14, 2002 – The Enterprise Development Corporation (EDC), a public/private partnership specializing in providing strategic business development services to emerging science and technology companies, today announced that Gardenia Systems, a former Technology Business Incubator (TBI) tenant and current protégé in EDC’s STAR BusinessLINC Initiative, was the winner of the Business Plan Competition at Florida Atlantic University College of Business. The winner was first announced at FAU’s Entrepreneurship Leader of the Year Breakfast on April 25, 2002. This year FAU’s Adams Center for IT Entrepreneurship and Venture Capital co-sponsored the competition with tenants of the Research Park at Florida Atlantic University. Eligibility requirements for the FAU competition stipulated that at least one currently-enrolled student at FAU have an ownership percentage in the participating company.

Gardenia’s two principals are closely associated with FAU. Marni Robins received her BS degree with this spring’s graduating class. Her associate, Dr. Qing Hu, is an Associate Professor at the FAU College of Business. Robins and Hu have developed software for both private and public food and beverage institutions. “I was so happy to receive the award,” said Robins. “I hope to use these next six months to fine tune our product and get it to market.”

In addition to the $10,000.00 cash first prize, Gardenia Systems will return to the Technology Business Incubator where it will become a rent-free tenant for six months, another competition prize. “The Adams Center is continually developing innovative programs to support entrepreneurship,” said Robert Keltie, Assistant Director, Adams Center for IT Entrepreneurship and Venture Capital. “We interact on a regular basis with EDC to assist and mentor both our business students and emerging ventures.”

“We look forward to welcoming Gardenia back into the Incubator and will continue to work with them under EDC’s mentor/protégé program,” said Jane Teague, Executive Director of EDC. EDC linked Gardenia to Citrix, which has been advising them with software development information.

About EDC

Founded in 1994 as a public/private partnership, EDC provides direct strategic business development assistance to emerging science and technology-based companies in South Florida. EDC offers expertise in new product commercialization, business strategy development and implementation, technology transfer, strategic alliances and preparing emerging companies to raise capital funds. Since its founding, EDC has provided expert hands-on business assistance to over 71 companies. EDC has also helped those companies to raise over $75.6 million in financing, create over 163 new products, and create 5,123 new jobs. Its overall economic impact is in excess of $100 million to South Florida’s economy. EDC manages the Technology Business Incubator (TBI) at FAU’s Florida Atlantic Research & Development Park, which provides office space. For more information, visit www.edc-tech.org, For more information on the Incubator and the application process, please contact EDC’s Executive Director, Jane Teague, at jteague@edc-tech.org, or call 561-620-8494 ext.15, or visit www.fau.edu/admin/farda/incubator. or write her at Enterprise Development Corporation, 3701 FAU Boulevard, Suite 210, Boca Raton, FL 33431.

About the Technology Business Incubator
Florida Atlantic University (FAU) Research and Development Authority’s Technology Business Incubator (TBI) is managed by EDC at FAU’s Boca Raton campus. The Incubator offers many benefits to high-tech companies, including flexible month-to-month leasing that allows start-ups to focus on other critical expenses, access to FAU faculty, university resources and students as interns, advice from experts from both the educational and business environments, and innovative programs such as the “STAR BusinessLINC Coalition which offers a mentor/protégé program to foster the expansion of business-to-business relationships between large and small businesses. Rental fees include mail, conference and planning rooms. For reasonable fees, T-1 connections, server closets and copy/fax are available. For more information on the Incubator and the application process, please contact EDC’s Incubator Director, Betty Karsch, at bkarsch@edc-tech.org, or call 561-620-8494 ext.10, or visit www.fau.edu/admin/farda/incubator.

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