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SunTrust Foundation Awards $50K Grant to Support Innovation

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According to a recent announcement, Synapse, an accelerator for innovation in Florida, is the recipient of a $50,000 grant from the SunTrust Foundation – Tampa/Southwest Florida, to support future Synapse Challenges.

Synapse Challenges are a crowdsourcing solution for organizations to solve real-world problems and create opportunities for students, entrepreneurs, investors, and forward-thinking businesses. The benefits are two-fold: companies find inventive solutions and options more quickly and cost-effectively while challenge participants apply their knowledge and talent practically to create new products and services, as well as advance career opportunities.

According to Brian Kornfeld, Synapse President and Co-founder, “The Synapse Challenges ignite and fuel the talented people within our innovation communities throughout Florida. We’re tapping into amazing ideas and technologies by connecting companies with creative teams of students, innovators, and startups.”

The SunTrust Foundation is aligned with SunTrust Bank’s mission of “Lighting the Way to Financial Well-Being.” The $50,000 grant provided to Synapse reportedly will be used to support financial education, career readiness and small business/entrepreneurship through the Synapse Challenges.

Synapse Challenges have produced technology solutions for companies including Metropolitan Ministries, ConnectWise, Metro Development Group, Blockspaces, and Hashed Health. 


The IoT Evolution Expo, and collocated events, IoT Evolution Health, LPWAN Expo, The Smart City Event, and IIoT Conference, will take place Jan. 29 to Feb 1 in Ft. Lauderdale, Florida. Visit IoTEvolutionExpo.com to register now.

Edited by Ken Briodagh

Editorial Director

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