Tampa Bay tech sector hits a tipping point

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    Seven companies with a combined $10.5 million in revenue over the past 12 months will make up the first Post-Accelerator cohort at Tampa Bay Wave.

    The new program is for later-stage technology companies that have shown they can perform in the marketplace.

    These more mature companies, founded an average of 3.5 years ago and with a collective 96 employees, are a sign that the Tampa Bay tech ecosystem is at a tipping point, said Rich Heruska, interim accelerator director at Tampa Bay Wave.

    Wave, a nonprofit that supports early-stage tech firms, historically has served three categories of companies. It has a “build” program for very young companies working on building a minimum viable product. The “launch” phase is for companies that are validating their business model and strategizing ways to create traction. The “grow” phase is for companies looking to scale their business and raise funding.