Startups Getting Funding, Advice, Office Space At PS27 Ventures

By Roger Bull
The Florida Times-Union, Jacksonville

WWR Article Summary (tl;dr) The startups at Jacksonville’s PS27 Ventures are getting much more tha free office space. At this incubation center, Jim Stallings, managing partner, is an investor in each of the companies. He spent 30 years at IBM, retiring in 2013 as general manager of global markets. Soon after retiring, he got involved in One Spark, and he started PS27.

The Florida Times-Union, Jacksonville

In one office, frozen dessert is being sold around the world.

In another, a stress-relief program is trying to get off the ground. In yet another, digital menu boards are being created for restaurants coast to coast.

PS27 Ventures is in one of those nondescript office buildings in Deerwood Center on Jacksonville’s Southside. In it, young companies are being born or growing. You can call it an incubation center for those that are just being born, or an acceleration center for those that are already operating but want to grow faster.

Those are much more common terms these days as centers such as these show up in various forms, all geared to helping new businesses. But PS27 is a little different: Jim Stallings, managing partner, is an investor in each of the companies.
He spent 30 years at IBM, retiring in 2013 as general manager of global markets. Soon after retiring, he got involved in One Spark, and he started PS27.

“This is what I’ve really wanted to do,” he said.

After he began investing in startup companies, he learned an important lesson: “I have to help these people if I’m ever going to get my money back,” he said.

So he’s created a staff and a process to help the companies with everything from the initial idea and brand name to their business plans and marketing.

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