A boost to the Tampa Bay startup ecosystem is coming.
Fractio, a workforce development platform for startups, has launched Fractio Boost, an initiative designed to provide support and funding for emerging companies in the Tampa Bay area.
The program, set to debut on Oct. 1, aims to help startups with proven product-market fit by combining targeted capital with fractional talent. Fractional hiring allows startups access to employees and executives without the costs of permanent employment or hiring.
"Fractio Boost represents our commitment to innovating in the startup funding and talent space," Fractio's CEO, Fatin Kwasny, said in a statement. "By combining our fractional talent model with targeted capital, we're empowering startups to execute critical growth initiatives efficiently, which can also drive economic vitality in Tampa Bay and other markets we are growing in."
According to a release, Fractio Boost provides startups with access to expertise and capital. The program helps startups operate more efficiently, reducing the need for traditional full-time hires and allowing for a more agile response to market demands.
Kwasny founded Fractio in 2022 to connect startups with employees. Fractio Boost represents the next stage for the company.
Additionally, participants will connect with Fractio’s network of U.S.-based resident fractionals across business functions, including sales enablement, marketing, product development, people management, business operations and financial management.
"Fractio Boost isn't just about introducing a new funding model; it's about innovating in the funding space to support startups that have already launched and gained traction but require additional capital to fuel their go-to-market efforts," Kwasny said.
According to a statement, the new program has already gained support from key investors, including FCW Consulting LLC, based in Austin, Texas.
In May, Fractio won Inno Madness, Tampa Bay Inno's sixth annual startup competition. The startup secured over 4,300 votes.
