While it’s not common knowledge, Gainesville, Florida, has exported some pretty valuable commodities to the rest of the world. While Tom Petty, of Heartbreakers fame, may be flashier, no less valuable is Gatorade. The granddaddy of sports drinks is also a poster child for successful university research commercialization.
The University of Florida’s Sid Martin Biotechnology Incubator took top honors worldwide this week when it was named the 2013 Incubator of the Year by the National Business Incubation Association. “It’s always special when the University of Florida can say one of its programs is the best in the world,” said David Day, director of the incubator and UF’s Office of Technology Licensing. “Today, we’re the best incubator in the world.”
How far can a technology startup go with the help of angel investors? Pretty far. The University of Florida’s seventh annual innovation showcase featured 14 UF startup technology companies and a panel discussion with three successful startup entrepreneurs whose companies each were bought for more than $100 million.
At the seventh annual Celebration of Innovation, officials listed the highlights of UF's economic development activities: Over the past 12 years, 140 companies were created based on UF inventions, including a record 15 last year. Within the past six months alone, two of those — AxoGen and Applied Genetic Technologies Corp. — received nearly $60 million in financing. Another, Pasteuria Bioscience, sold to Swiss agribusiness giant Syngenta for more than $100 million. All are based in Progress Corporate Park in the city of Alachua. Since the UF Innovation Hub business incubator opened less than
Fourteen early-stage technology companies will present Thursday at “A Celebration of Innovation,” the University of Florida’s seventh annual technology showcase. The event at the Hilton University of Florida Conference Center will also feature updates from university officials and a panel discussion on UF startups that were bought for more than $100 million. Another new feature this year, a poster session during the Inventors Reception, will feature 14 more technologies well-positioned for entrepreneurs interested in starting companies.
State senator tells SE Bio audience he wants seed capital fund for life-science companies (South Florida Sun Sentinel)
Broward State Senator Jeremy Ring told an audience of venture capital investors and biotech entrepreneurs at SE Bio on Thursday that he will propose Florida invest in a seed capital fund for start-up life science companies. UF OTL Director David Day said the state needs to ramp up its investment to nurture start-up companies, add incubators to generate companies and attract more venture capital to the state. "We're going to be one of the top dozen" biotech centers in the world,” predicts Day.
Florida's Biotech Cluster Reaching World Status (Sunshine State News Interview With UF OTL/Sid Martin Biotech Incubator Director David Day)
Florida’s $1.6 billion investment in bioscience is yielding high returns, according to two reports published by the industry and presented at its annual conference in June. Biotechnology (or “biotech”) is the use of living organisms in the development of useful products, most commonly in the diagnosis and treatment of disease and in the development of agriculture.
The University of Florida is the only university in the state and among only 10 universities in the region to receive a federal five-year grant this month to promote the formation of technology startup companies based on university research discoveries. The U.S. Department of Commerce’s Economic Development Administration awarded $645,000, matched by the university over the next five years, to UF Tech Connect through its University Center Economic Development Program.
Tuesday was a banner day for the University of Florida to show off some of the ways it is building momentum as a job-creation engine.The morning announcement that an established India software company had selected Gainesville for its U.S. development center — lured in part by the computer engineering talent to come out of UF — was followed by a showcase featuring 14 promising early-stage companies looking to go to market with UF research inventions. The sixth technology showcase, called “A Celebration of Innovation,” drew more than 300 people, including public officials, business leaders, inve
Editors and writers voted on the top stories: The Florida Innovation Hub opened in October as the UF Office of Technology Licensing moved into Innovation Square.
Three months after the hub opened for business, UF held a dedication for the facility that included speeches from officials and a performance by dancers dressed like robots.
U.S. Senator Bill Nelson, Gainesville, Mayor Craig Lowe, and University of Florida President J. Bernard Machen, all gathered for the opening of the Florida Innovation Hub on January 11, 2012. I
UF TechConnect Coordinator Chris Brown tells TV20's David Snyder about upcoming events at the Innovation Hub, starting with an SBIR workshop on Thursday and Technology Entrepreneur BootCamp next month.
Gainesville's Innovation Hub opened its doors today for the first time, letting in small businesses. Companies of all kinds share space the new building in what the center's director Jane Muir calls the "innovation ecosystem." "One of the things we know about these start-up companies," she says, "is it's when smart people get together and start talking some really cool things happen."
The Florida Innovation Hub is now open for business — but that marks only the start of the University of Florida's plans to use the area as a launching pad for economic development. UF's Office of Technology Licensing on Friday moved into the 45,000-square-foot, $13.2 million hub, a business incubator built on the old Shands at AGH site. Startup technology companies begin moving in Monday, along with service providers such as accountants, patent attorneys and venture capitalists.
On the second floor of the new Florida Innovation Hub, two computer engineers were already at work in the Shadow Health office while CEO David Massias sat among boxes on move-in day Monday morning ... They were the earliest arrivals of the earliest class of companies to incubate in the Hub with high hopes that the connections they make there and the access to business services will help take their high-tech companies from the early stages to commercial success.
The Innovation Hub is almost ready for business, and TV20 gave viewers a sneak peek inside the building. In this Technology Spotlight, Jane Muir of the UF Office of Technology Licensing tells TV20's David Snyder about progress on the building.
GAINESVILLE — For the University of Florida, the expanse of land across from the 106-year-old campus holds a grand, new vision. UF leaders hope this 40-acre development called Innovation Square will spawn start-up companies, encourage "creative collisions" among inventors and foster a "collaborative spirit" for research, academics and business. Read between the buzz words. If successful, the project could mean two important things: jobs and money.
UF is opening its Innovation Hub incubator for startup technology companies next month, the first piece of a planned Innovation Square development. UF is developing a curriculum and has started recruiting for its Innovation Academy, a new program for students who will take on-campus classes only during the spring and summer semesters. In the past two weeks alone, two new innovation-related initiatives have been launched at the university. The Warrington College of Business Administration dedicated its newly remodeled Center for Entrepreneurship and Innovation, which includes space for meetings
The Florida Innovation Hub at UF opens in just a few weeks. The Innovation Hub is designed to help small businesses thrive. Businesses plan to move in around October 8th. For more info about the Innovation Hub, check out http://floridainnovationhub.ufl.edu/
Innovation Hub, other downtown projects provide opportunities for economic development. (Gainesville Sun)
Major changes are coming to the core of Gainesville in the years and decades to come that could provide opportunities for economic development. Some of those changes are more clearly in focus: The University of Florida Innovation Hub is already under construction on the former Shands AGH site, with buildings for tech companies and student entrepreneurs to follow and plans to redevelop as many as 30 acres around it in the works.
The University of Florida's plan for the former Shands at AGH site started with the Innovation Hub, a business incubator that will open this fall. The plan grew into Innovation Square. The development on the site and surrounding area is expected to include science and technology businesses along with places to live, eat and shop. Now, UF is developing a master plan for an Innovation District that would stretch even farther into the neighborhood.
UF presents the comprehensive plan for Innovation Square to the city, and OTL Associate Director Jane Muir tells TV 20's David Snyder why this research park has a distinct advantage over competitors in other states.
The Innovation Hub is being built with an $8.2-million grant from the federal Economic Development Administration and a $5-million commitment from the University of Florida. The first structure, a 48,000-sq.-ft. facility slated to be built just a few blocks from campus, will serve as a catalyst for creating startup companies based on technology developed at the university's laboratories.
CLEVELAND, May 18, 2011 /PRNewswire/ -- The core technology of ViewRay™, Inc., a unique combination of magnetic resonance imaging (MRI) and radiotherapy technologies, has been issued landmark patents in the United States and Europe. ViewRay, a privately held medical device company, holds the exclusive worldwide license for the technology from the University of Florida. The cancer treatment technology was invented by company founder James F. Dempsey, PhD, while he was a member of the radiation oncology faculty at the University of Florida.
Jamie Grooms Wins 2011 Clark Butler Entrepreneur of the Year Award (Photo by Ray Carson/UF News Bureau)
Jamie Grooms accepts the 2011 Clark Butler Entrepreneur of the Year award, presented annually to a successful entrepreneur who has brought recognition to UF. The award ceremony took place April 19, 2011 at the "Celebration of Innovation" showcase at the Hilton University of Florida Conference Center. From left to right are Deborah Butler, Jamie Grooms and Bernie Machen.
The University of Florida has numerous unclaimed research inventions to build companies around if only there were enough entrepreneurs to claim them. Gainesville has a lot of highly educated people out of work as a result of economic conditions. Two problems, one possible solution. FloridaWorks and the UF Office of Technology Licensing have teamed up to provide entrepreneurship training to 83 of the community's most educated unemployed and to build business plans around 13 UF inventions.
If you build it, they will come. That's the dream of people finishing the first phase of Innovation Square in Gainesville. The project took one more step towards completion. The whole project is expected to be completed in 10 years but today people got a look at the first building called Florida Innovation Hub at UF. The building is being funded by a $8.2 million federal grant and $5 million from UF. The 48,000-square-foot facility will be an incubator for startup companies. Once everything is finished, the project is expected to create 3,000 high-tech jobs and bring millions into the local e
"Topping Out" for OTL's new home, the Florida Innovation Hub at UF (Gainesville Sun story and photos)
Potential tenants of the Florida Innovation Hub at UF got a sneak peak Friday at the business incubator, the first part of the University of Florida's efforts to spin off businesses from its research in the area between campus and downtown Gainesville.
Fourteen companies with technology licensed from the University of Florida presented at the Celebration of Innovation Showcase on Tuesday at the Hilton UF Conference Center. In its fifth year, the conference drew a record 320 people, including local public officials, business leaders, inventors and service providers such as attorneys and accountants. The conference also drew about 50 investors from as far as Germany, Chile, the Dominican Republic, Mexico, California, Boston, Minnesota and throughout Florida.
At the Showcase: Clark Butler Entrepreneur of the Year Award Goes to Jamie Grooms of AxoGen (UF News Bureau photo)
UF News bureau photo of Debra Butler, daughter of the late Clark Butler, a Gainesville businessman and developer, speaking at the University of Florida Celebration of Innovation 2011 on Tuesday at the Hilton University of Florida Conference Center. The event showcased UF technology for the local business community. Butler presented the Clark Butler Entrepreneur of the Year Award to James Grooms of AxoGen.
The University of Florida announced two new buildings in the works for Innovation Square, a 120,000-square-foot home for existing science and technology companies and a dormitory for students interested in starting tech companies.
Watch video from the Showcase on TV20.
Innovation Square buildings, more initiatives announced at 2011 Showcase, which drew record attendance (UF News Bureau)
GAINESVILLE, Fla. — Planning is under way for the two newest buildings at Innovation Square, the 24/7 live/work/play research environment being developed along Southwest Second Avenue between the University of Florida campus and downtown Gainesville, UF President Bernie Machen announced today
As the University of Florida's Innovation Square project begins to take shape, a similar development in Atlanta provides an indication of what might be coming. This past fall, UF announced plans for the Innovation Square development at the former Shands at AGH site and surrounding neighborhood east of campus. The project is expected to include 1 million square feet of building space and create as many as 3,000 jobs. Plans include a business incubator, offices for science and technology businesses, and places to live, eat and shop.
UF last gauged its economic impact in the 2005-06 fiscal year but didn't count UF spinoff companies at that time. The new study found that those companies had a $1.43 billion economic impact and an employment impact of more than 8,000 jobs. Read more in the Gainesville Sun: www.gainesville.com/article/20110329/ARTICLES/110329385/1169
When it comes to moving innovations and ideas from the laboratory to the marketplace, it is not surprising that the University of Florida has a strong track record,” President Machen wrote in his introduction to the university’s annual financial report, devoted to tech transfer (Vision:Venture, Seeding Economic Growth Through Technology Transfer). “We have been committed to technology commercialization for three decades. What is surprising is that, in a time when economic growth in Florida and the U. S. has been muted at best, our efforts have gathered new momentum and new visibility.” Read t
"If you want to see innovation in action, head over to Gainesville, where technologies developed at UF have led to the founding of more than 100 companies ..."
Innovation Hub will provide venue for contact vital to starting companies
Magazine portrait of Gainesville focuses on technology, innovation
GAINESVILLE, Fla. — (March 24, 2011) As university research drives entrepreneurship and innovation to the forefront of the nation’s economic agenda, it’s an exciting year for the University of Florida’s annual Technology Showcase, “A Celebration of Innovation”. New discoveries ready to launch into the marketplace will take center stage at the April 19 event, which showcases 14 startup companies, successful Gator entrepreneur alumni, and updates on initiatives from university officials. “This year promises to be the most exciting ever with all the new initiatives at the university and througho
Stop by OTL's new Office Hours 8 a.m. to noon Tues. and Thurs. at CTSI in the Medical Center
First companies announced for A Celebration of Innovation Showcase: Emerald Endeavors, Shadow Communication. Register here: http://ow.ly/3QACk