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…………………………………..
Creating a Better Tomorrow
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 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
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
ModernLaboratoriesModern laboratories withaccess to biological safetycabinets, fume hoods, DIwater, vacuum, autoclave andmore.Room ForExpansionOur flexible and scalableoffice areas growalongside your business.
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.
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 real companies www.ewits.org
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
MPM Capital Saliwanchik, Lloyd & Eisenschenk Synogen Wolf Greenfield Edwards Wildman Harbert Venture Partners Hutchison Law Group James Moore & Co
The Hatchery Program created for individuals aspiring to start a company 3 month program = $400 Access to Mentor in Residence Training & networking events
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
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
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 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.
• 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
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 Bringing private investment to community Generating licensing revenues to fund more research Enabling university to attract and retain top talent faculty
Jane Muir University of Florida email@example.com