Jane MuirUniversity of Florida
Shortening the journey from     discovery to market forFlorida’s tech start-up companies
National Business Incubator Statistics According to a recent NBIA survey: • Companies that got their start in an incubator...
   Facilities – Incubators provide a space for    companies to start and a venue to foster    connections among critical ...
Licenses/          Research   Invention       Patent       Options          Awards     Disclosures   Applications   Execut...
   Start-ups are often the most appropriate    (only) vehicle to bridge the technology gap
Innovation R&D HotbedsMIT, Caltech –And the Gators?How the University of Florida moved to theMajor league of technology st...
Shared FacilitiesAccess to shared officeequipment andamenities, includingconferencing facilities and alobby receptionist.A...
ModernLaboratoriesModern laboratories withaccess to biological safetycabinets, fume hoods, DIwater, vacuum, autoclave andm...
InformationAccess to the vast resources of scientific andbusiness information located within the UFlibrary system.        ...
Weekly SeminarsWeekly seminars and events providetraining and networking opportunities   50 Events in 50 Weeks
   Create virtual teams   Pair teams with    patented technology   Provide    entrepreneurial    training   Launch rea...
   Office of Technology Licensing is a    Tenant       Source of innovation for starting companies       Average more t...
   MPM Capital   Saliwanchik, Lloyd &    Eisenschenk   Synogen   Wolf Greenfield   Edwards Wildman   Harbert Venture...
   The Hatchery Program    created for individuals    aspiring to start a company     3 month program = $400     Access...
First building in Innovation Square –24/7 Live Work Play environment          Close to UF and Downtown          •   Home t...
MindTree Limited is a global IT and product-engineering services company with over 11,000MindTree Minds around the world.E...
   26 companies currently    in the building   8 graduates   > 200 jobs created   >$7 million in private    investment
• Shadow Health - one of first tenants to  graduate in July; moved to 6,000 square feet of  space in a vacant building dow...
•   99.7% of companies in Florida have fewer than 100 employees•   Those same companies provide 82.4% of all jobs in the s...
Richard Florida:Gainesville leads thenation in projectedpercentage growth ofcreative-class jobs
   Commercializing research discoveries to make the    world a better place     Creating companies that create jobs    ...
Jane Muir      University of Florida        jmuir#@ufl.eduwww.floridainnovationhub.ufl.edu
Creating a Better Tomorrow
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Creating a Better Tomorrow

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Presented at the 68th Annual ORAU Council of Sponsoring Institutions on March 6, 2013, by Jane Muir of the University of Florida.

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  • In addition to improving the human condition in over 7000 patients to date, The ancillary benefits of licensing this research discovery include:Axogen has generated over $40 million in private investmentOver $300,000 in licensing revenuesand35 jobsAnd while this company got its start at the UF Sid Martin Incubator, it demonstrates why as a tech transfer office we were motivated to write a grant to build the Florida Innovation Hub at UF. This new incubator will ultimately help us commercialize more research discoveries disclosed to the Office of Technology Licensing.
  • So what are the critical components necessary to ensure the infrastructure exists in our community?
  • Jane One of my favorite is the Richard Florida blog…………………………………..
  • Transcript of "Creating a Better Tomorrow"

    1. 1. Jane MuirUniversity of Florida
    2. 2. Shortening the journey from discovery to market forFlorida’s tech start-up companies
    3. 3. National Business Incubator Statistics According to a recent NBIA survey: • Companies that got their start in an incubator and graduated – five years after graduation, 87% were still thriving • Companies that get their start in an incubator – 78% stay in the community where they were incubated • Incubators are a key component to creating startups in a community
    4. 4.  Facilities – Incubators provide a space for companies to start and a venue to foster connections among critical components Technology – Most abundant resource Entrepreneurs – Least abundant resource Funding – Follows opportunity appropriately matched with an experienced entrepreneur
    5. 5. Licenses/ Research Invention Patent Options Awards Disclosures Applications Executed2011/12 $644M 319 266 792010/11 619 298 145 782009/10 678 279 120 672008/09 574 271 151 722007/08 562 299 167 752006/07 583 327 156 742005/06 519 260 115 732004/05 494 274 133 662003/04 475 280 121 642002/03 458 264 127 522001/02 428 196 86 592000/01 380 204 64 371999/00 295 166 43 281998/99 280 136 47 10
    6. 6.  Start-ups are often the most appropriate (only) vehicle to bridge the technology gap
    7. 7. Innovation R&D HotbedsMIT, Caltech –And the Gators?How the University of Florida moved to theMajor league of technology startups BusinessWeek - May 21, 2007
    8. 8. Shared FacilitiesAccess to shared officeequipment andamenities, includingconferencing facilities and alobby receptionist.All-Inclusive LeasesShort-term, leases thatminimize financial commitmentand includemaintenance, commonareas, property tax, utilitiesand high-speed internetservice.
    9. 9. ModernLaboratoriesModern laboratories withaccess to biological safetycabinets, fume hoods, DIwater, vacuum, autoclave andmore.Room ForExpansionOur flexible and scalableoffice areas growalongside your business.
    10. 10. InformationAccess to the vast resources of scientific andbusiness information located within the UFlibrary system. High-Speed Data Economical, flat-rate options for phone, data lines, and video conferencing capabilities.
    11. 11. Weekly SeminarsWeekly seminars and events providetraining and networking opportunities 50 Events in 50 Weeks
    12. 12.  Create virtual teams Pair teams with patented technology Provide entrepreneurial training Launch real companies www.ewits.org
    13. 13.  Office of Technology Licensing is a Tenant  Source of innovation for starting companies  Average more than dozen startups per year  Drives traffic and creates collision Resident Partners  Service Providers and Venture Capitalists  Pay rent and provide pro bono advice
    14. 14.  MPM Capital Saliwanchik, Lloyd & Eisenschenk Synogen Wolf Greenfield Edwards Wildman Harbert Venture Partners Hutchison Law Group James Moore & Co
    15. 15.  The Hatchery Program created for individuals aspiring to start a company  3 month program = $400  Access to Mentor in Residence  Training & networking events
    16. 16. First building in Innovation Square –24/7 Live Work Play environment Close to UF and Downtown • Home to 4,000 faculty • 50,000 talented students,  $600 million in research  average 300 new discoveries annually
    17. 17. MindTree Limited is a global IT and product-engineering services company with over 11,000MindTree Minds around the world.Established US Development Corporation in theInnovation Hub April 2012- recently moved into renovated building- 65 employees; projected 400Conversations with a number of other majorcompanies - ability to start immediately is appealing
    18. 18.  26 companies currently in the building 8 graduates > 200 jobs created >$7 million in private investment
    19. 19. • Shadow Health - one of first tenants to graduate in July; moved to 6,000 square feet of space in a vacant building downtown• Two rounds of financing totaling > $1 million; hired 24 new employees, launched its signature product — interactive software that uses a virtual patient to teach students in the health care fields effective communication and assessment skills.
    20. 20. • 99.7% of companies in Florida have fewer than 100 employees• Those same companies provide 82.4% of all jobs in the state• 62.9% of Florida businesses employ between 2 and 9 people Source: Florida Trend January 2011
    21. 21. Richard Florida:Gainesville leads thenation in projectedpercentage growth ofcreative-class jobs
    22. 22.  Commercializing research discoveries to make the world a better place  Creating companies that create jobs  Bringing private investment to community  Generating licensing revenues to fund more research Enabling university to attract and retain top talent faculty
    23. 23. Jane Muir University of Florida jmuir#@ufl.eduwww.floridainnovationhub.ufl.edu
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