TechFarms’ Graduate MSI Wins $10,000 in Florida’s Most Lucrative Business Plan Competition

Panama City Beach, FL, April 14, 2017 – TechFarms is pleased to announce that Mine Survival, Inc., a graduate of the technology incubator, has been awarded first place in the veteran category of the 2017 Innovation Awards. 

Designed to reward startups that demonstrate clear paths to profitability and local job creation, the Innovation Awards provide cash prizes to businesses located in or willing to relocate to Northwest Florida. This year saw a marked increase in submissions, with a total of 61 organizations entering, including companies from as far away as Colorado, New York and New Jersey. The competition was divided into four categories: student, veteran, pre-revenue and post-revenue. Just three entries in each category were selected as finalists.

At the two-day event in Pensacola Beach on April 12-13, finalists gave presentations before a panel of experts, and were then subjected to “Shark Tank”-style questioning by the judges. Rob Moran, president of MSI, presented his company’s emergency escape vest which provides coal miners with an emergency oxygen supply. In describing the experience, Moran says, “I was excited going into it, and only a little bit nervous.” He added, “I want to thank TechFarms – especially Steve Millaway – for all the assistance leading up to this event.” He also expressed appreciation to Innovation Coast for providing the opportunity to enter the competition.

Incorporated in 2014, MSI entered the TechFarms incubator to jump-start their development. The professional services, mentoring and other resources provided helped MSI to become a thriving, independent company, now employing five full-time staff. The $10,000 prize money, Moran says, will be dedicated to research and development of their second product.

About MSI: Mine Survival, Inc., based in Panama City Beach, is the premier manufacturer of cutting-edge surface rebreathers, devices designed to be used by miners in the event of a mine collapse or other emergency. More information is available at MineSurvival.com.

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