Business incubators filling up quickly
Entrepreneurs are gobbling up space in new business incubators in Coral Springs and Boca Raton.
TechWalk, a Coral Springs business incubator that opened last October, has only three spots left in its primary site off University Drive.
But no worries — the incubator can expand as needed, said Rob Strandberg, president of Enterprise Development Corp., which operates the incubator as well as one in Boca Raton and Miami.
The incubator has 8,000 square feet of space but can grow up to 15,000 square feet, Strandberg said. Monthly rent ranges from $350 to $750, depending on the size of the space, he said.
TechWalk is designed to be a mixed-business incubator and so far includes three technology-based businesses, an insurance firm and a marketing business.
Tenants include Aventusoft, a company developing a speech product that is funded by the National Science Foundation; Unity Insurance, which is developing a franchise system in the state; Baker & Associates, which offers marketing services to colleges; Pilixo, a company founded by veterans of cloud-communications developing a new product; and Schwartztech, which hosts and develops cloud-based software platforms.
EDC’s more technology-focused incubator that opened in March at 751 Park of Commerce Drive off Yamato Road, Boca Raton, already has leased its 13 offices in its first phase. Now it is expanding into a contiguous space, Strandberg said. The incubator also will have 14 co-working desks.
“There will be a dozen [desks] in the open area that can be moved to make room for an event with 120 people,” he said.
Strandberg said he has learned that flexible space works best with entrepreneurs, whose needs changes as they grow. EDC, a non-profit organization that receives both public and private funding, also works with “virtual tenants,” who just want a place to collect mail and hold meetings.
Boca Raton’s Phase 1 has 12 startups including new tenants SEO consultant Joust; medical billing firm ReliaBill Solutions; emergency mobile app company Stadson Tech; cloud-based entertainment system Mediamplify; medical app AppwoRx; app developer Silver Logic; and Internet radio station Webmaster Radio.