The Florida Institute for Commercialization of Public Research has reached a funding agreement with Verigo (also known as Comm-N-Sense), a company that provides tracking and monitoring solutions to businesses that handle perishable goods.
The goal of Verigo has been to provide low-cost supply chain solutions for companies whose goods have the potential to spoil in transit. These types of goods include produce, biologics, and pharmaceutical products, which are extremely perishable and have a shorter shelf life than most other consumer products. Verigo is enabling tracking of shipped packages with accuracy down to the individual case level. In addition, wireless sensor tags, cutting-edge communication software and cloud-based technology mean that businesses have the ability to monitor their packages every step of the way. Users of the service can access all data and information via smartphone or tablet through a free app, allowing logistics managers to make more accurate and informed decisions. The implementation of this software may not only help these companies improve their profitability, but can also reduce waste of otherwise usable products.
The Florida Institute for Commercialization of Public Research is a nonprofit organization that was formed in 2007, and is working with Florida-based Universities to form investable companies and create clean jobs in new industries. The hardware as a service (Haas) system used by Verigo is based on intellectual property licensed from the University of Florida.