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.

New Angel Firm to Target Early-Stage Technology Startups

TechFarms Capital Management launches startup funds targeting select geographic areas in the Southeastern United States.

 Panama City, FL, October 3, 2016 – Today at the 2016 Gulf Power Economic Symposium TechFarms Founder and CEO Steve Millaway took the opportunity to announce the launch of a new angel firm targeting tech startups in the Southeast.  

Presenting this afternoon on the importance of entrepreneurial development in regional economic development planning, Millaway highlighted the dynamic role entrepreneurs can play and also, the importance of securing capital for them.

“Tech entrepreneurs play a vital role in economic development. The startups typically begin in homes, warehouses, and incubators, organically growing ecosystems that eventually attract larger tech and manufacturing firms,” said Millaway. “Without the skilled workforce these startups create, many cities and regions across the US have found it nearly impossible to lure larger firms. However, as these startups grow, they too can be lured away to more populated regions where capital is more abundant. Capital is vital to business survival. If the startups can’t secure it, they’ll leave. That’s why today we’re announcing TechFarms Capital Management.”

TechFarms Capital Management will focus on raising capital and investing in technology startups throughout the Southeast. The announcement of the new angel capital firm accompanied presentations by Florida Governor, Rick Scott, Chairman and President of Gulf Power, Stan Connally, Founder of Reinventors and former Managing Editor of Wired Magazine, Peter Leyden, and from ABC’s Shark Tank, Daymond John. This new firm will target early-stage tech startups in three Southeastern states – Florida, Alabama, and Georgia.  A second fund will focus on startups specifically located in TechFarms’ home region of Northwest Florida.

The funds are modeled after the traditional limited partnership structure, and are open to accredited US investors, institutional partners including corporations, and university endowments. Investments will target innovative and scalable private sector tech startups in areas such as hardware, software, cybersecurity, medical devices, robotics, and Internet of Things (IoT) devices. The company will begin accepting investments for both funds and applications for funding from startups beginning November 1, 2016.

About TechFarms Capital Management: Headquartered in Panama City, FL, TechFarms Capital Management is an early-stage angel capital firm whose funds will target innovative tech startups in the Southeastern US. More information is available at TechFarmsCapital.com.

Media Contact:

Steve Millaway, Managing Director,

TechFarms Capital Management &

Founder/CEO TechFarms, LLC

c: (850) 896-2871, e: smillaway@msn.com

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