Research Park at FAU December 2020 Newsletter 

FAU shatters research funding record for first quarter of fiscal year

Florida Atlantic University recently achieved a major milestone in sponsored research funding for the first quarter of fiscal year 2020-2021, shattering all previous quarterly records. Despite numerous challenges that included the COVID-19 pandemic and a decrease in research funding, this upward trend reflects the untiring dedication of the university’s outstanding researchers. The first quarter, which began on July 1, saw a whopping 92 percent increase in research funding compared to the first three months of fiscal year 2019-2020. Federal, state and private agencies awarded FAU faculty $38.9 million for Q1 this year – that number was $20.2 million during this same timeframe last year.

“Securing research funding is no easy feat, especially during these exceptionally challenging times,” said Daniel C. Flynn, Ph.D., FAU’s vice president for research. “This monumental milestone for Florida Atlantic University is a testament to our talented, dedicated and passionate researchers who are making great contributions in science, technology, health and the humanities at a pivotal time in Florida’s and our nation’s history.”

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FAU TechRunway alum ShipMonk secures $290M in latest funding round

ShipMonk, one of South Florida's fastest-growing companies, secures the funds amid double-digital growth in e-commerce sales nationally.

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Xeriant signs JV LOI with Coflow Jet to develop revolutionary “Green” Wing Technology

Xeriant, Inc. (OTC PINK: XERI), a new aerospace technology holding company, announced today that it has signed a letter of intent to form a joint venture with CoFlow Jet, LLC (“CoFlow”), a leading innovator in the field of high-performance airfoils, to further develop and commercialize CoFlow’s revolutionary active flow control airfoil technology, which promises to dramatically improve the lift capability and cruise efficiency of fixed wing aircraft. This innovation stands to play a key role in the nascent eVTOL (electric vertical takeoff and landing) aircraft segment, projected to reach $1.5 trillion by 2040, based on a 2019 Morgan Stanley report.

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The number of discoveries patented and the quality of collaboration at the Research Park at FAU shows no sign of slowing down

In 2019, we had over 800 people working at the Florida Research Park among the 32 companies that are based here. The really important metric that we saw emerge last year was the number of discoveries that were patented and the quality of collaborations that are happening between the various companies and FAU, which continues to improve year over year. A number of our companies are progressing through their life cycles from startups to second stage, benefiting from our economic gardening initiatives. We have seen an uptick in the budgets for research and development over the years that we expect to start yielding results this year and next.

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RESEARCH PARK at FAU celebrating 35 years of innovation and growth in South Florida

Research Park at FAU is home to technology companies and research-based organizations working to support the research and development activities of Florida Atlantic University and to foster economic development, broadening the economic base of Broward and Palm Beach counties.

A 70-acre destination for R&D companies to thrive, the Research Park at FAU hosts Global Ventures, a hub for established, second-stage companies to scale-up and thrive, FAU Tech Runway, a hub to accelerate technology development and incubate startup companies as well as Florida SBDC at FAU.

Established in 1985, it is widely regarded as South Florida's laboratory for new entrepreneurial ideas and technologies

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BUILD YOUR DREAMS WITH GLOBAL VENTURES AT FAU

Every company has a story, a dream, a vision. We want to give that dream a place to take flight.

Global Ventures at FAU is an entrepreneurial support initiative for established international and domestic U.S. companies ready to scale up to the next level of growth. The initiative seeks to scale-up domestic and international second-stage companies into profitable and sustainable companies that will positively impact South Florida’s economy in line with the mission of the Research Park at Florida Atlantic University.

Global Ventures at FAU focuses on tech companies from the fields of sensing, embedded networks, AI and big data as well as the life sciences, combining their expertise with that of the faculty at Florida Atlantic University to power growth and foster new innovations.

For more information and to apply for the Global Ventures at FAU program, visit www.Research-Park.org/global-ventures.