ROCKLEDGE, Fla. – SolTec Electronics, a three-year-old semiconductor and component procurement company, is already seeing the benefits of being selected in March for free technical assistance through the state-funded GrowFL program.
“The support we’ve been getting from the GrowFL family in the form of market and database research, as well as website optimization and SEO analysis, has helped us further develop our aerospace, government and testing divisions,” according to Dawn Gluskin, founder and chief executive officer. “Our GrowFL team also has provided us with very specific prospecting lists.”
Created in 2009 by the Florida Legislature, GrowFL is part of the Florida Economic Gardening Institute and is based at the University of Central Florida in Orlando, according to Dr. Tom O’Neal, executive director of the Florida Economic Gardening Institute.
When selecting companies to participate in the program, the institute looks for ones that have the potential to be successful, said Dr. O’Neal, who also is associate vice president for the University of Central Florida’s Office of Research and Commercialization.
“SolTec is an ideal candidate for the program as it has experienced rapid growth that has produced $3 million in annual revenues in less than three years,” he said.
The Rockledge-based company, which specializes in locating obsolete semiconductors and components, uses a world-wide network of suppliers to help clients keep their production lines up and running, said Gluskin.
And, while her company is still fairly small, the assistance from GrowFL is allowing her 14 employees to concentrate their efforts on other ventures.
“The work the GrowFL team has been doing for us has really freed up some extra time for our staff to work on other projects,” she said “And, our new sales hires are very excited to start working some of the new prospecting lists.”
About SolTec Electronics:
SolTec offers an array of services to the electronic, manufacturing and aerospace sectors, primarily as a procurement service that provides solutions for obsolete semiconductors and components that are on exorbitant lead-times. SolTec also has a sister company, SolTec Labs, which provides testing and decapsulation services to help validate components as the counterfeiting of parts is a huge concern in the industry. Both companies have invested heavily in staff and equipment to help eradicate sub-par materials from the supply chain. For more information about SolTec, visit www.soltecelectronics.com
About the Florida Economic Gardening Institute:
The Florida Economic Gardening Institute was created by the 2009 Florida Legislature as the Economic Gardening Technical Assistance Program to stimulate investment in Florida’s economy by providing technical assistance for expanding businesses in the state. Qualified companies must be engaged in the following sectors to receive no-cost technical assistance: Manufacturing; Finance & Insurance Services; Wholesale Trade; Information Industries; Professional, Scientific & Technical Services; Management Services; and, Administrative & Support Services. Additional information is available at www.GrowFL.com.
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