Plug & Play partners with UCF, Tavistock and more on new business accelerator
Sunnyvale, California-based Plug & Play Tech Center — which already has plans for an Osceola County location — is teaming up with the University of Central Florida, Orange County, Duke Energy (NYSE: DUK) and Tavistock Development Co.'s Lake Nona Land Co. to launch a business accelerator in Orlando.
Plug & Play Chief Revenue Officer and Partner Michael Olmstead said the funding will be split roughly three ways, with a third coming from the university, a third from the county and a third from the corporations.
When it opens in 2024, the Plug & Play office will be at Central Florida Research Park, adjacent the university. Documents submitted to Orange County ahead of the Oct. 24 Board of County Commissioners meeting detailed the scope of the plans for the businesses.
