A number of residents in UF's Innovation Square have harnessed solid financial backing from capital investors. As office space in the development continues filling up fast, economic growth and positive job outlook has the area optimistic about the future.
Commercial real estate at Innovation Square is gaining tenants from a wide array of different organizations. As many companies rush to the area to support the high-growth technology and science businesses, collaboration in the area is at an unprecedented level. One positive side effect of this high-growth of innovation and discovery, is financial capital for the growing companies.
The following is an exerpt from Anthony Clark's article in the Gainesville Sun:
Boston-based mobile app developer Mobiquity announced in April that it was expanding into Gainesville and expects to create 260 jobs over the next three years with an office in Innovation Square. CEO Bill Seibel said they were interested in the pool of engineers to come out of the University of Florida.
Fracture will get an infusion of capital from the Naples-based Tamiami Angel Fund in a deal that could be worth more than $900,000. Fracture takes personal photos uploaded by customers onto its website and prints them directly onto glass. The company recently launched an online marketplace for artists' photos and other artwork.
Alachua-based biotech company Nanotherapeutics landed a U.S. Department of Defense contract that could be worth as much as $360 million over 10 years to develop manufacturing processes for drugs to treat bioterrorism and radiological threats. The company plans to build a $127-million manufac-turing facility in Alachua and add 150 jobs.
Two University of Florida Innovation Hub tenants recently landed deals. MonkeyWish.com's online gift registry is partnering with free online invitation service Evite and expects to add 30 to 40 jobs by year's end. Any of Evite's 31 million users can also use the online gift registry. Feathr received a $150,000 investment from the Tampa Bay chapter of TiE for its mobile app for event organizers.
Fracture, operating in office space in 100 at Innovation Square, has worked a deal that could be worth more than $900,000 with the Naples-based Tamiami Angel Fund.
TRIMARK PROPERTIES | STAFF | 4-JUN-2013