viewTekcapital PLC

Tekcapital surges as Guident wins start-up competition at Florida Atlantic University

The winners of the competition will join a year-long program that offers instruction, mentoring, networking, marketing and capital-raising existence among other benefits

Tekcapital PLC - Tekcapital’s Guident wins startup competition at Florida Atlantic University
Guident develops technology to enhance the utility of autonomous vehicles and delivery drones

Tekcapital PLC (LON:TEK) noted that its investee company, Guident Ltd, has won the Florida Atlantic University (FAU) Tech Runway Annual Tech Launch competition as one of the “most promising startups in South Florida”.

The IP investment firm said the competition, which included more than 200 contestants, provides start-ups with an opportunity to join a year-long program that offers winners “instruction, mentoring, networking, marketing, and capital-raising assistance, co-working space, events, intern support, and other vital programs”.

WATCH: Tekcapital PLC has some significant near-term milestones as its companies ramp-up commercialisation

Guident, which develops technology to enhance the utility, safety and enjoyment of autonomous vehicles and delivery drones, is seeking as its immediate objective to build and operate the first remote monitoring and control centre (RMCC) in Florida for ground-based delivery drones and autonomous vehicles.

The firm will also use the FAU incubator to accommodate its near-term growth plans and testing of its pilot RMCC on commercial delivery drones.

"We are delighted to see the significant progress of Guident Ltd and we are confident they have the right leadership, strategy and intellectual property to make a meaningful contribution to the safety of AV's and delivery drones", Tekcapital executive chairman Clifford Gross said in a statement.

Tekcapital's shares surged 11.6% to 15.1p in late-morning trading on Friday.

--Adds share price--

Quick facts: Tekcapital PLC

Price: 14.4653 GBX

Market: LSE
Market Cap: £12.7 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Tekcapital PLC named herein, including the promotion by the Company of Tekcapital PLC in any Content on the Site, the Company receives from...



Morning Report: FTSE 100 heads lower as UK monthly borrowing hits record...

Headlines from the Proactive UK newsroom. The FTSE 100 headed lower going into the bank holiday weekend on concern over the spat between China and US over Hong Kong. The blue-chip index was 110 points lower at 5,904. UK monthly borrowing hit a record £62.1bn in April as the government...

1 week, 3 days ago

2 min read