EGLAVATOR - Who are we?
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Egla Corp, led by Dr. Edwin A. Hernandez, has operated the Eglavator since 2017, facilitating over 30 business ventures and focusing on the incubation of startups with strong intellectual property. The organization seeks $891,000 in funding to support operational expenses, investments in startups, and improvements to their new 9,900 sq ft tech incubator. Future plans include expanding to three additional locations in Florida by 2022.
EGLAVATOR - Who are we?
- 1. Startup Incubation and Accelartation Dr. Edwin A. Hernandez |edwinhm@eglavator.com 791 Park of Commerce Blvd. Suite 300, Boca Raton, FL, 33487 ww.eglavator.com | www.eglacorp.com
- 2. Introduction • EGLA CORP has invested in the EGLAVATOR since 2017 including a TV Studio and a Data Center • It has been successful and looking for expansion and increased capacity, expansion capital • Creation of EGLAVATOR as a separate entity owned by EGLA CORP • Dr. Edwin Hernandez is a PhD in Computer Engineering from the University of Florida with 13 issued patents and many years of expertise in computing, wireless, cloud, and hands-on projects. He is part of the Industry Advisory Board for Florida Atlantic University.
- 3. Team Dr. Edwin A. Hernandez (Owner and Innovator) Intellectual Property Expert – 13 issued Patents Sinjin Lee (Startup Adviser) Dr. Alcides Hernandez (Co- Owner, Economist, Operations) Advisors: George Rogers (Fantastic), Dr. Sumi Helal (Professor UF), other experts.
- 4. Objective • Bring Startups to Market • Create ideas, 3D print them, and turn them to intellectual property • The EGLAVATOR becomes a technology partner for small and medium size business, including remote offices for corporate workers • Bring startups with a strong intellectual property portfolio and teachings • Small EGLA CORP fund for investment
- 5. Who have we helped in Boca? • The current EGLAVATOR was established in 2017 and has hosted over 30 business ventures assisted thus far. • Created opportunities: • US Patent on Biohazard Destruction – Patent Pending • Blockchain - MEVIA COIN, PointsKash • Derivatives for Startups - Ongoing • TECHEDTV with 27,000 fans on Facebook • Patents and Applications • Cirrus Core Networks, Webmaster Radio, Clay Cube, etc.
- 8. Summary of Recent Successes • PointsKash, Inc - Funded by a large investment with 1M pre-subscribed • Mobility Workx – License with Verizon Wireless & soon others in 4G and 5G • Conduction Labs – $40k campaign in kickstarter with a Truly Wireless Headset • MEVIA – Recent patent awarded US Pat 11,140,441
- 9. We do what we preach! Designed and printed our own access control
- 10. Our Space – Conference Rooms and Spaces
- 11. 3D Printing, Labs • All what a startup will need to make it happen!
- 12. TECH INCUBATOR New Incubator : 9900 sq ft. New space with 20 offices, 20 desks, and 2 conference rooms TV Studio VPN Remote Office (Software-Defined Office) 3D Printing and Electronics Labs Old Incubator : 5400 sq ft. Old Incubator : 5400 sq ft.
- 13. Looking for Funding Requirements OpEx for 12 months: $312,000 Investment Fund for Startups : $500,000 Additional Improvements $ 79,000 New Floors $ 22,000 Decorations $ 12,000 Upgrade Desks $ 25,000 Project Manager $ 5,000 Servers for Office Remote $ 15,000 Funding Requirement: $891,000
- 14. EGLAVATOR Pricing • Rentable Sq. Ft. • Office with Window @ $90/sq. ft • Internal Offices @ $65/sq. ft • 2500 Sq. ft of Desks @ $35/sq. ft • Mailbox @ $75 per unit • Studio Revenues @ $100/hr • Co-working Membership @ $169/month • VPN Remote Office @ $99/month
- 15. Growth • Open 3 EGLAVATORs • LIRP Boca Raton (Current) • Miami Design District (WynWood) • Fort Lauderdale (Cypress Creek) • By April 2022, Reach 30,000 Sq ft The current energy around the Miami startup scene is contagious and I am thrilled to formally expand SeedInvest's footprint here," said Ryan Feit, CEO & Co-Founder of SeedInvest.