First Innovation Square Building a Testament to Synergy in the Tech Community

5, June 2013

The Florida Innovation Hub, the first building constructed in UF Innovation Square, is experiencing success that foreshadows the bright future of the 40-acre science and research community. As an entreprenurial incubator, the Florida Innovation Hub building houses 26 companies and prides itself on the collaboration of those companies. The Florida Innovation Hub will neighbor the Infusion Technology Center, INSPIREation Hall, and a multitude of renovated commercial properties in the Innovation Square community.

The following is an excerpt from Florida Trends article, "UF's Innovation Hub nurturing tech gurus":

“Right now we’re up to 26 companies ... and I anticipate by the end of the summer, we’ll be getting close to full capacity,” says Jane Muir, associate director of UF’s Office of Technology Licensing and director of the new, 48,000-sq.-ft. Florida Innovation Hub at UF “super incubator.”

Nurturing startups isn’t a new concept for UF. Since 1995, companies at the University’s Sid Martin Biotechnology Incubator have attracted more than $1 billion in investments, contracts and grants. Successful spinoffs have included Pasteuria Bioscience, acquired in 2012 by Syngenta for $113 million. The incubator recently took top honors when it was named 2013 international Incubator of the Year by the National Business Incubation Association.

Sid Martin, however, is in Alachua, about 20 minutes northwest of UF’s campus., and the UF community wanted an incubator “right here on campus. It makes collaboration with the university researchers that much easier,” says Stephanie Warrington, chairwoman of the board of BioFlorida and a serial entrepreneur who has worked with eight Gainesville startups.

Below is a map displaying the core of Innovation Square. The close proximity of organizations will provide an environment to foster discovery and the sharing of ideas.Just 2 blocks from the University of Florida campus, the organizations in Innovation Square will also find resources and talent there.