Orlando-Based FireSpring Fund Names Five Volusia County Technology Startups to Receive Total of $125,000 Seed Money

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Five Volusia County-based startup companies specializing in everything from how best to measure gas-turbine stability, to drone data processing and communications to medical safety devices and spacecraft transportation have been selected to receive seed funding, mentorship and entrepreneurial support as part of a joint effort by Embry-Riddle Aeronautical University’s Research Park and Central Florida nonprofit FireSpring Fund.

FireSpring Fund, a 501(c)3 with the mission to bridge the funding gap and help companies start, grow and stay in Central Florida, was selected by Embry-Riddle in February to receive $1 million to invest in promising new technology companies to help jump-start a thriving Volusia County innovation corridor with high-quality and high-paying job opportunities.

After a nearly three-month review process, the winning companies were announced Wednesday, May 10, at the Starter Studio Demo Day event at Dr. Phillips Center for the Performing Arts in Orlando. The companies will receive $25,000 each to kick-start their ventures. Winning startups include companies founded by Embry-Riddle students and graduates, top-place finishers in the university’s Launch Your Venture Competition held in April, and companies that are part of the John Mica Engineering and Aerospace Innovation Complex (MicaPlex) in the university’s Research Park Technology Business Incubator.

– See more at: https://news.erau.edu/headlines/orlando-based-firespring-fund-names-five-volusia-county-technology-startups-to/#sthash.aEmVfT7F.dpuf