Here's When Embarc Collective Will Open — And The 25 Companies On Its Roster
While Embarc Collective is still far off from completion, the self-dubbed innovation hub has already begun working with dozens of technology
While Embarc Collective is still far off from completion, the self-dubbed innovation hub has already begun working with dozens of technology
While Embarc Collective is still far off from completion, the self-dubbed innovation hub has already begun working with dozens of technology startups in the Tampa Bay area. The 32,000-square-foot facility being built in downtown Tampa had an original opening date of March, but it will now open at the end of the year, according to Embarc Collective sources. However, they moved forward with allowing technology companies to apply last November.
Now, Embarc Collective has chosen 25 companies to begin working with remotely while the space continues construction. The 25 companies bring 81 startup team members to the Embarc Collective portfolio.
"We've been sprinting all the way," Embarc Collective CEO Lakshmi Shenoy told the Tampa Bay Business Journal on Wednesday. "In addition to building out the space, we've been focused on doing the work that's at the core of our organization which is supporting companies."
The space is meant to work in addition to an accelerator or incubator as needed, not a replacement. The Embarc Collective team, which includes an analytics and engineering manager and communications manager, jumps in to give personalized help when needed.
"The team has been built up around startup functions or capabilities that startups need," Shenoy said.
The companies are also assigned to an "executive advisor" who works with an assigned company remotely on a weekly basis. Embarc Collective currently has five executive advisors for the 25 companies.
"It's heads down and making companies' priorities our priority," Shenoy said. "And that's been our day-to-day life right now."
Embarc Collective will not open applications for more companies in the near future but has a wait-list.
The 25 companies that are working with Embarc Collective are: