Entrepreneurship

Nonprofit, investment banking firm team up to offer new funding network

 

ndahlberg@miamiherald.com

The Florida Institute for the Commercialization of Public Research and Dawson James Securities have teamed up help Florida’s promising innovative companies, from early stage through Initial Public Offering. The institute made this announcement Thursday at the Wall Street Conference at the Marriott Town Center in Boca Raton.

The institute is a statewide nonprofit that identifies, mentors and provides seed funding to qualified companies that spin out of Florida’s universities and research institutions. Boca Raton-based Dawson James Securities brings investment capital to emerging growth science and technology companies and through the alliance, will coordinate company financing from angel investors, venture capitalists, private equity and public markets. The goal of the Institute and Dawson James alliance is to identify and assist qualified startup companies, expand Florida’s angel investor base, increase early-stage funding, and prepare companies for later stages of growth, the organizations said.

“Formed in 2007 by the Florida Legislature, the Institute leverages a $2B research base to support new company and job creation based on publicly-funded research. The Institute has relationships with investors and an infrastructure and process to build Florida’s next great entrepreneurs and companies, and this partnership will enable us to help them bridge early funding gaps and attract later stage investment for long term growth and success,” said Institute CEO Jamie Grooms, in a press release.

“Dawson James Securities, as a full-service boutique investment bank that has been assisting emerging growth companies since 2004, is interested in identifying and supporting quality new companies spinning out of Florida’s public and private research institutions,” said Robert Keyser Jr., Dawson James CEO. “Ranked among the top 5 Wall Street placement firms for 2013 based on the number of completed transactions, we have broad investor placement capabilities that we believe will be very beneficial to Florida companies.”

Through the alliance, the institute and Dawson James will leverage an existing spinout company infrastructure and provide a platform for investors to assess quality startup company opportunities. Bridging these early funding gaps will facilitate later stage investment and create a robust, end-to-end funding ecosystem for Florida companies, the organizations said.

Follow Nancy Dahlberg on Twitter @ndahlberg

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