Sensatek a winner at the 2018 Florida Aerospace Capital Forum

Sensatek Propulsion Technologies, Inc. of Daytona Beach was a winner at the 2018 Florida Aerospace Capital Forum. The award money went to build prototypes and help secure additional seed money for the company.

For the first time, Tampa-based statewide venture capital group Florida Venture Forum hosted an aerospace-focused conference on Nov. 14 2018 at Guidewell Innovation Center at Lake Nona. 

The organization selected 17 companies in Florida to present to hundreds of venture capitalists for a chance to pull in funding for their services. Naturally, Florida’s Space Coast was a standout when companies were selected because it is one of the top places not only locally, but nationally when it comes to space-related activity such as rocket services and other spacecraft being designed and developed there. 

In addition to company presentations and other programming, the conference provided a total of $100,000 in cash awards presented to three winning companies, courtesy of Space Florida.

Being part of the Florida Venture Forum presenters list is a big deal, too, as the Forum has helped generate a total of $8.8 billion in economic activity in Florida between 2000 to 2016. More than 530 companies have presented at Forum events, raising $2.2 billion in equity capital, $328 million in debt capital, and $5 billion in merger and acquisition or initial public offering activity.