GAINESVILLE and BOCA RATON, Fla., Aug. 23, 2016 /PRNewswire-USNewswire/ -- The Florida Institute for the Commercialization of Public Research (the Institute) announced today that it has finalized a funding agreement with DigiGroup Holdings, LLC, a Pensacola-based company with technology developed at the Florida Institute for Human and Machine Cognition (IHMC). The Institute supports new company creation based on publicly-funded research, and bridges early funding gaps for companies spinning out of Florida-based universities and research institutions.
DigiGroup is a full-service technology and digital marketing firm. They create world-class digital business solutions that are scalable, simple to understand, cost effective and accessible to any business owner, empowering them to actively engage with and compete in the global open market.
"Current digital marketing, CMS, CRM and ecommerce solutions are complex," said Steve Barshov, DigiGroup Holdings, LLC, Chief Executive Officer. "We offer a fully functional solution: a user friendly, single comprehensive CMS dashboard that provides customization, design flexibility, analytics reporting, and a streamlined and affordable solution for our users."
"DigiGroup is optimizing digital commerce and marketing across multiple device platforms," said Jackson Streeter, MD, Institute Chief Executive Officer. "The company is providing customers with an evolving, scalable technology platform that supports revenue growth while minimizing overhead."
About the Institute
Formed by the Florida Legislature in 2007, the Florida Institute for the Commercialization of Public Research is a non-profit organization that works collaboratively with the technology licensing and commercialization offices of Florida's state universities and private research institutions to leverage a $2B+ research base and form investable companies that create clean jobs in new industries that are driving the global economy. With funding from the State of Florida through the Department of Economic Opportunity, and through the generosity of mentors, advisors and donors, the Institute provides company building services, and seed funding through the Florida Technology Seed Capital Fund, to promising Florida startups. Fifty-six companies have been funded to date, and the Institute's economic impact through June 30, 2015 was $379 million, a return on investment of 14 times to the State of Florida.
About DigiGroup Holdings, LLC
DigiGroup Holdings, LLC, was incorporated December 10th, 2015 as a means for its investors to leverage and further develop current proprietary technology that has established a unique and scalable model to provide businesses with optimized turnkey digital solutions. The current proprietary technology has been developed through beta, launch and successful market adoption during the last six years by DigiPro Media's founding partners who now make up DigiGroup Holdings' core leadership.
Chief Operating Officer
Institute for the Commercialization of Public Research
SOURCE Florida Institute for the Commercialization of Public Research