Research Park Overview
The Research Park at Florida Atlantic University® is home to technology companies and research-based organizations working to support the research and development activities of Florida Atlantic University and to foster economic development and broaden the economic base of Broward and Palm Beach counties.
A 70-acre destination for R&D companies to thrive, the Research Park at FAU hosts Global Ventures, a designated and award-winning international soft-landing center for second-stage technology companies and FAU Tech Runway, a hub to accelerate technology development and incubate startup companies.
Established in 1985, it is widely regarded as South Florida’s laboratory for new entrepreneurial ideas and technologies. The Research Park at FAU is governed by the Florida Atlantic Research and Development Authority, an independent special district created by Florida Atlantic University in partnership with Palm Beach and Broward counties, organized under Chapter 159, Part V, Florida Statutes.
In 2022, a joint venture (JV) of PEBB Enterprises and Banyan Development acquired a portfolio of seven of the twelve buildings in the Research Park, totaling 308,000 sf. Since that time the JV has invested in significant property upgrades, invested in outreach activities with the Research Park, and executed leases to absorb much of the property's vacancy.