Cenetec, ENFC Strategic Alliance Boosts Regional Tech Commercialization.Business Editors/Technology Writers JACKSONVILLE & GAINESVILLE, Fla.--(BUSINESS WIRE)--Aug. 22, 2001 Swimming upstream From the consumer to the provider. See downstream. (networking) upstream - Fewer network hops away from a backbone or hub. For example, a small ISP that connects to the Internet through a larger ISP that has their own connection to the backbone is downstream from the larger just got easier for promising North Florida technology companies. Enterprise North Florida Corporation (ENFC) and Cenetec(R), the technology accelerator accelerator: see particle accelerator. (1) A key combination such as Alt-G or Ctrl-Shift H that is used to activate a task. (2) An incubator that expects to develop the company considerably faster than normal. See incubator. company, today announced a strategic alliance that extends the continuum of services available to pioneering technology companies at all stages of pre-market development. The partnership builds the technology infrastructure in the region with the two entities offering complementary services and taking a lead role in advocating for North Florida's emerging technology industry as a crucial economic development engine. ENFC, a private, not-for-profit organization with offices in Jacksonville and Gainesville, serves start-up companies start-up company A new business. from their early "pre-investable" stage through capitalization capitalization n. 1) the act of counting anticipated earnings and expenses as capital assets (property, equipment, fixtures) for accounting purposes. 2) the amount of anticipated net earnings which hypothetically can be used for conversion into capital assets. and market launch. It provides a full range of planning, networking and investment-capital resources for early-stage entrepreneurs who have an innovative technology or business model, but who may lack the comprehensive business planning and resources to secure capital. Cenetec, a statewide for-profit technology accelerator with facilities in Boca Raton Boca Raton (bō`kə rətōn`), city (1990 pop. 61,492), Palm Beach co., SE Fla., on the Atlantic; inc. 1925. Boca Raton is a popular resort and retirement community that experienced significant industrial development in the 1970s and 80s. and Gainesville, partners with carefully selected emerging growth companies, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Cenetec CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. William Hager. The firm provides a comprehensive approach to speed high-growth potential companies to market with customized, six-to-nine month acceleration programs covering more than 700 distinct elements. Client companies benefit from resources in five key areas: hands-on strategic guidance from expert advisors, enterprise-level cutting-edge tools and facilities, comprehensive on-site business resources and financial capital access. According to ENFC President and CEO Alan Rossiter, the agreement streamlines access to the full range of resources new technology companies need to be successful. "We are most enthusiastic about our growing collaboration with Cenetec and believe that North Florida's entrepreneurs will be the clear beneficiaries." He noted that because ENFC is experienced with working with companies at the very early phases of commercialization, it is likely that some of these companies may develop into Cenetec clients as the business plan matures. Cenetec will refer appropriate early-stage companies and provide "follow-on" commercialization for carefully selected ENFC clients that meet stringent acceleration criteria. The two organizations are exploring opportunities to jointly sponsor regional events, such as private investor receptions and Venture Capital forums. Through the alliance's formal framework, both organizations will intensify in·ten·si·fy v. in·ten·si·fied, in·ten·si·fy·ing, in·ten·si·fies v.tr. 1. To make intense or more intense: activities in the Jacksonville and Gainesville markets. Cenetec will have access to the Technology Enterprise Center, ENFC's technology incubator incubator, apparatus for the maintenance of controlled conditions in which eggs can be hatched artificially. Incubator houses with double walls of mud, a fireroom, and several compartments each holding about 6,000 hens' eggs were developed in ancient times; the facility in Jacksonville, where it will jump-start its presence by participating in ENFC's speaker series and TEC entrepreneurial events. In July, ENFC leased space and launched operations within Cenetec's accelerator at the Technology Enterprise Center of Gainesville/Alachua County (GTEC GTEC Georgia Tech Emory Center GTEC Technology in Government Week (Canada) GTEC Governor's Technical Excellence Committee ). Building for the region's future, ENFC and Cenetec are committed to creating a ripple effect ripple effect Epidemiology See Signal event. . "We envision technology leaders joining us in branding and networking efforts to accomplish for North Florida what the InternetCoast initiative has for South Florida," said Hager, who established Cenetec with President Scott Adams
Scott Raymond Adams (born June 8, 1957) is the creator of the Dilbert , a co-founder of the InternetCoast initiative. The May opening of GTEC, with Cenetec as the anchor tenant, marked a milestone for Gainesville as the second technology development hub for the North Florida region. A public/private partnership that includes the University of Florida University of Florida is the third-largest university in the United States, with 50,912 students (as of Fall 2006) and has the eighth-largest budget (nearly $1.9 billion per year). UF is home to 16 colleges and more than 150 research centers and institutes. , Cenetec, the City of Gainesville and Alachua County, GTEC is aimed at transforming early stage technology ventures into market-ready enterprises by providing an under-one-roof resource center. Win Phillips, University of Florida vice president of research and a member of ENFC's Board of Directors, said the Cenetec/ENFC relationship is a crucial link in creating synergy The enhanced result of two or more people, groups or organizations working together. In other words, one and one equals three! It comes from the Greek "synergia," which means joint work and cooperative action. between Gainesville's wealth of intellectual capital and Jacksonville's private and Venture Capital resources. "Technology transfer thrives on ingenuity, business acumen acumen Astuteness, perception, perspicacity and speed-to-market. By interweaving the region's resources, this alliance shortens the path from university lab to marketplace," said Phillips, who was founding chairman of the North Florida Technology Innovation Corporation in Gainesville, which recently merged with ENFC in a key step toward regionalization regionalization Managed care The subdivision of a broadly available service–eg, a blood bank, into quasi-autonomous regional centers, capable of making decisions and providing more cost-effective and/or faster service to hospitals and health care facilities, . Arnold A. Heggestad, Director of the Center for Entrepreneurship and Innovation at the University of Florida and Co-chair of Enterprise Florida said the link between Cenetec and ENFC is extremely important. "Both Cenetec and ENFC recognize the extraordinary potential of the Gainesville - Jacksonville area to emerge as a major center of technology commercialization. Clearly our partnership with Cenetec is good news for entrepreneurs but, more importantly, it is another endorsement of the efforts of ENFC and others to economically integrate the two cities." Todd N. Chase, director of operations at Cenetec's Gainesville accelerator, sees great potential in the partnership with ENFC. "As its technology outlook takes shape, North Florida has tremendous potential for deal flow at all stages of development. With ENFC in place as the ideal front-end proving ground for pre-investment companies, we are creating the linkages to bridge the region's academic, entrepreneurial and financial strengths." About Enterprise North Florida Corp. ENFC provides entrepreneurs with in-depth business planning assistance, critical networking, and access to investment capital. The group opened the 20,000-square-foot Technology Enterprise Center on Jacksonville's Southside, currently home to 18 emerging technology companies. In addition to its involvement with GTEC, ENFC also works closely with the Sid Martin Biotechnology Development Institute in Alachua. Dr. Arnold A. Heggestad, director of the University of Florida's Center for Entrepreneurship and Innovation serves as ENFC Chairman and Alan W. Rossiter serves as ENFC's President & CEO. ENFC's offices are located in Jacksonville (4905 Belfort Road, Suite 110, 904/730-4700) and in Gainesville (2153 Hawthorne Road, 352/264-7511). More information is available at http://www.enfc.org. About Cenetec Cenetec is the technology accelerator company that guides pioneering technology entrepreneurs to market. It infuses early-stage and fast-growing companies with the strategic support, technology and business expertise and resources, capital access, and facilities to rapidly transform high-growth potential products and services into successful enterprises. Cenetec's first technology accelerator is located along the InternetCoast in Boca Raton, FL and serves the South Florida region. Its second accelerator in Gainesville, FL operates in association with the University of Florida and serves the north and central regions of the state. Cenetec is headquartered at 4950 Communication Ave., Suite 900, Boca Raton, Florida Boca Raton ("bōkə rə-tōn") is a city in Palm Beach County, Florida incorporated in May 1925. As of the 2000 census, the city had a total population of 74,764; the 2006 population recorded by the U.S. Census Bureau was 86,396. 33431, 561-981-0200. More information is available at http://www.cenetec.com. Note: jpeg of Cenetec ENFC available upon request. |
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