Four current and graduate clients among the statewide list of second-stage companies to watch
Orlando, Fla. (August 19, 2022) – Once again, companies tied to the UCF Business Incubation Program are well represented on the annual GrowFL Companies to Watch list.
This year, Critical Frequency Design, Detail Flowers Software, NanoSpective, and TechFit were named after participating in the acclaimed incubation program.
“We’re very proud to be a part of the ongoing story of these companies and watching them succeed in ways they probably didn’t imagine,” says Carol Ann Logue, director, programs & operations, Innovation Districts & Incubation Program, University of Central Florida, University of Central Florida. “The success of these companies show the entrepreneurial ecosystem in Central Florida is a tremendous asset to companies looking to grow.”
Here’s more on each company:
- Critical Frequency Design is an SBA-certified, woman-owned small business located on the Space Coast of Central Florida. CFD specializes in expediting solutions from concept to qualified product, providing the war fighter with tomorrow’s solutions today. The company is a client of the Research Park Innovation District.
- Detail Flowers Software is a software-as-a-service that offers a web-based platform serving florists and event planners. Details is a multi-faceted platform geared towards sourcing, networking and management of events for professionals. The company is a graduate of Volusia County Business Incubator
- NanoSpective specializes in materials science with special emphasis on nanoscale materials characterization. The company provides analytical services and consultation to a worldwide market offering complete solutions for intellectual property issues, failure analysis, quality control, and materials research. The company is a graduate of the Research Park Innovation District.
- TECHFIT Digital Surgery is focused on the manufacturing of patient specific implants for the treatment of several different pathologies of the musculoskeletal system, especially trauma, trauma infection, and cancer. Their custom solutions have been used in more than 1200 patients that have been successfully operated on and rehabilitated with their solution in Latin America and Spain. The company is a client of the Volusia County Business Incubator.
According to the GrowFL’s release, to qualify for the award, companies must have between 6 and 150 employees and revenue between $750,000 and $100 million in 2021. The companies reported a total of more than 2,000 jobs and generated close to $430 million in revenue. These companies anticipate growth of 40-percent in revenue and 18-percent in employment by the end of 2022.
“This group of business owners represents the remarkable second-stage businesses operating across the state of Florida,” Jennifer Taylor, President, and CEO of GrowFL, said in the release. “They demonstrate the agility, perseverance and innovation needed to take their business to the next level. GrowFL is proud to support Florida’s second-stage entrepreneurs and help to play a part in celebrating their success. This group of Finalists are only just getting started and we look forward to watching their continued growth and impact on Florida’s economy. “
For the full list of companies who are finalists, please click here.
For more information, please contact:
UCF Business Incubation Program:
About the UCF Business Incubation Program: The University of Central Florida Business Incubation Program is a community resource that provides early-stage companies with the tools, training and infrastructure to become financially stable, high growth/impact enterprises. Since 1999, this award-winning program has provided vital business development resources resulting in over 300 local startup companies reaching their potential faster and graduating into the community where they continue to grow and positively impact the local economy.
With seven facilities throughout the region, the UCF Business Incubation Program is an economic development partnership between the University of Central Florida, the Corridor, Orange, Osceola, Seminole and Volusia Counties, and the cities of Kissimmee, Orlando and Winter Springs. For the 2017/2018 fiscal years, the activities of these participating firms have helped to sustain more than 6,725 local jobs and have had a cumulative impact of over $725 million on regional GDP and over $1.3 billion on regional sales. During the same period, the program has returned more than $12.00 in state and local taxes for every $1.00 invested in the program. In addition, for every $1.00 of public investment the firms also produced $118 of additional regional GDP and $226 of regional sales. For more information, visit www.incubator.ucf.edu.