Software Solutions Leader Wellspring Joins Embry-Riddle’s Research Park

By on February 7, 2017 in WNDB News

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Daytona Beach, FL – Global software solutions leader, Wellspring, has expanded its relationship with Embry-Riddle Aeronautical University to include a Nexus partnership at the John Mica Engineering and Aerospace Innovation Complex (MicaPlex) at the Embry-Riddle Research Park.

This partnership is a joint effort to accelerate economic development, scientific discovery and technology commercialization for emerging businesses. Wellspring provides software solutions to hundreds of research-focused organizations around the world and first connected with Embry-Riddle four years ago when its Sophia software streamlined the process of securing intellectual property for research discovery and technology transfers. “Wellspring has worked with Embry-Riddle for a long time, and we’ve always been impressed with their forward-thinking approach to research and technology commercialization,” said Wellspring CEO Robert Lowe. “We are excited to partner with them to further advance the collaboration between leading academic and corporate institutions.”

Embry-Riddle recently launched the MicaPlex Technology Business Incubator and it’s now accepting applications from startup and early stage companies. The incubator will use Wellspring software, which will help organize application in-take, evaluate companies, and track their growth. “We’re excited to have Wellspring as a Nexus Partner,” said Rodney Cruise, Embry-Riddle Senior Vice President for Administration and Planning. “They are a perfect fit to provide cutting-edge support for our incubation and commercialization of technology initiatives. Every addition to the MicaPlex grows the ecosystem for the creation of high-quality jobs.”

Wellspring will join two other Nexus Partners at the Research Park: International Speedway Corporation (ISC) and DuvaSawko EM Billing & Management Solutions. Together they hope to foster and facilitate innovative business creation and incubation within Florida’s research corridor. “With the MicaPlex Technology Business Incubator, the university is expanding its relationship with Wellspring that will benefit all startups and partners alike,” said Dr. Stephanie Miller, Embry-Riddle Director of Technology Transfer and Research Park Initiatives. “Customized software modules will be added to the current Embry-Riddle Sophia system to manage our unique processes. The end result will be a software system that integrates technology transfer and business incubation, allowing the university to help faculty, staff, and students turn ideas into successful startup companies.”

Copyright Southern Stone Communications 2017.

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