Details

Industries

Business Development,Finance,Financial Services,Management Consulting,Venture Capital

Operating Status

Active

Investor Type

Accelerate

USF Research Foundation's Seed Capital Accelerator Program (SCAP) for Tampa Bay Technology Incubator (TBTI) affiliated companies was designed to support and provide funds to new and existing TBTI affiliated startups that were formed based on the licensing of USF technologies. The new program will provide up to $50,000 of loan funding to enable startups to quickly improve the odds of overcoming immediate obstacles to commercialization that would provide a measurable outcome and return on investment in the near term.

The objective of the Seed Accelerator program is to help companies reach specific goals in a year or less, allowing startups to reach critical development milestones and get to market quicker. TBTI and Patents & Licensing will provide support and training along the way and supervise funded tasks. The funding provided to companies will be based upon agreed project objectives being met, and may be used to build prototypes, obtain materials, pay salaries, contract for services and assistance outside the university, or cover other expenses as approved.