Panama City Beach, FL, December 2, 2016 –Representatives from Tallahassee-based Domi Station visit TechFarms to begin collaborative efforts to further expand entrepreneurship in Northwest Florida.
TechFarms CEO, Steve Millaway, gave Domi Station’s Executive Director, Lucas Lindsey, and Community Manager, Sabrina Torres, a tour of the TechFarms facilities as well as Gulf Coast State College’s Advanced Technology Center. Both TechFarms and Domi Station are technology incubators that help entrepreneurs turn ideas into successful, scalable business models.
Millaway said, “We visited Domi Station’s facilities a few weeks ago and were very impressed with their facilities, staff and the programs they provide. We’re searching for ways to extend and connect our ecosystems to help launch more tech companies. We’re confident that our efforts will help grow and diversify our economies in Northwest Florida.” The Domi Station members, young entrepreneurs themselves, are enthusiastic about the potential of expanding the technology industry in both Tallahassee and Panama City.
Lindsey and Torres met TechFarms’ current tenants and learned about new product developments. They experienced TechFarms’ prototyping lab, where teams of entrepreneurs are developing a variety of products including heavy lifting drones, products for the emerging hydroflight industry, and new high bandwidth Wi-Fi systems for condos, hotels and apartments.
In Panama City, Gulf Coast State College and the neighboring FSU Panama City are a resource of young intellectual capital. Tallahassee enjoys a much greater density of young talent with some 70,000 students attending FSU, Tallahassee Community College, and Florida A&M University. Both TechFarms and Domi Station offer coworking plans where members have access to high-speed Internet, other entrepreneurs and mentors, and lots of hot coffee. Incubator programs are available at both facilities for those ready to launch their startups.
Going forward, TechFarms and Domi Station will be collaborating to better connect the resources and ecosystems of Panama City and Tallahassee and will be looking for ways to assist entrepreneurs. One obstacle limiting nearly all startups in the region is access to capital. To help address this situation, Millaway is launching TechFarms Capital, an angel investment fund whereby accredited investors can pool their capital to invest in promising early stage ventures.
TechFarms Capital’s first fund will target startups in Florida, Georgia and Alabama and its second fund will target startups specifically in Northwest Florida. Both funds will target tech startups in areas such as hardware, software, medical devices, semiconductors, cybersecurity, robotics and the Internet of Things (IoT). Millaway and Lindsey both expect that TechFarms Capital will assist many potential startups in the Tallahassee area given FSU’s preeminent status and its increased focus on entrepreneurs and innovation.
About TechFarms: Located in Panama City Beach, FL, TechFarms is a technology incubator that provides office space, prototyping equipment, business and technical mentoring, and other amenities to assist entrepreneurs. Visit TechFarms.com and TechFarmsCapital.com for more information.
About Domi Station: Located in Tallahassee, FL, Domi Station supports technology-driven startups engaged in developing and validating repeatable, scalable business models. Their programs accelerate startup growth by providing a network of mentors, investors, and collaborators. Visit DomiStation.com for more information.