Two Orlando startups were named Cade Prize Final Four Finalists by the Cade Museum of Creativity and Invention in Gainesville: Capacitech Energy (developing a high-power, high-density conductor that increases battery life and capacity) and Path Optical Systems (developing small and affordable fiber optics that transport information at the speed of light). The other Final Four Finalists are Anchor Biologics (Gainesville) and ExtremeComms Lab (Fort Lauderdale).
The Cade Prize, established in 2010, has become Florida’s pre-eminent invention and innovation competition. It rewards entrepreneurs, inventors, researchers, and pre-seed and early-stage companies with an original idea that has market potential. Richard Miles, Cade Co-Founder, said “This is our 10th year running the Prize, and it’s great to see how the competition has expanded. We had competitors from across the entire state, and from every major research university.” The winner of the Cade Prize will be announced at the Cade’s Inventivity Bash on May 18th. The cash awards total $50,000, with a $25,000 First Place award, $15,000 Second Place award, and $10,000 Third Place award. The Fourth Place team will receive in-kind services to support acceleration.