Sid Martin Biotechnology Incubator
UF Innovate | Sid Martin Biotech
We help entrepreneurs feed, fuel and heal the world.
1990 - Facility opened Fall 1995
Parent institution
University of Florida
Mark S. Long Assistant Director Merrie A. Shaw
http://innovate.research.ufl.edu/sid-martin-biotech/
UF Innovate | Sid Martin Biotech is located in Alachua, Florida, in Progress Park. The program's mission is to foster the growth of bioscience startup companies that have some relationship to the University. The Incubator works with companies in all product areas relating to the life sciences, biomedical research, medicine, and chemical sciences.
✪ UF incubator takes international award
✪ Foundation Park: a Home for Life Science Innovation in North Central Florida
✪ National Institutes of Health Director, Dr. Francis Collins, visits the University of Florida
Patti Breedlove: The exciting news today is that UF has the world's best incubator. The Sid Martin Incubator here has just won the top award, it's an international award, it's given by our professional organization and UF has just won the top award, we're the best in the world! David Day: There are thousand of incubators in the world. We've always known that the Sid Martin was one of the best bio-technology incubators in the world, which is a very specialized group, and it was great to win, the best in class of technology incubators but to be the best in class of all incubators of all types of all different types of businesses from thousands in the world and to beat a giant sponsored government effort like Hong Kong and to be told unofficially almost unanimously selected is a testament to University of Florida, to scientists, to business people, to our staff. Patti Breedlove: When the first thing I think of when you say incubator is a baby chick or maybe a baby in a nursery at a hospital, and that's appropriate because in those cases you're talking about young, helpless things that you are trying to assist until they grow stronger and then they can go out. And that's what happens here, we're basically a nest for baby bio-tech companies. Patti Breedlove: it's not surprising it's happening here when you consider how good UF is at creating new discoveries and then how good they are at translating that into companies which is something that we do very well here in this program. David Day: We are so proud of the Sid Martin Bio-Technology Incubator is what we have been able to accomplish for our companies raising over a billion dollars for producing 100 million dollars of economic impact but what we are really jazzed about is the future. We believe that the groundwork that we have laid is going to allow us to go much further in the future than we have in the past.
1.1 Graduate companies
2 Governance
3 Resident companies
4 International recognition
UF Innovate | Sid Martin Biotech (formerly known as Sid Martin Biotechnology Development Institute) was officially founded on July 2, 1990 by the Florida Legislature. It was named after Sid Martin, a member of the Florida House of Representatives, in recognition of his commitment to the state of Florida and the University of Florida. In 1994, the Trustees at the University of Florida authorized 6 acres (24,000 m2) to build the Sid Martin Biotech Incubator.
The Incubator is 40,000 square feet (3,700 m2) and was built with a combination of funding from the University of Florida, the United States Department of Agriculture, and the Florida Legislature. The facility was created, engineered, equipped, and opened in 1995 as one of the first bio-business incubators in the United States.[2] Approximate cost at that time was $11.5 million. The facility is located just outside Gainesville, Florida in the Progress Corporate Park. Much of this research park was a product of the vision of former University of Florida President, Robert Q. Marston.
Graduate companies
Over 60 biotechnology startups have graduated from SMBI and become self-sufficient companies or were acquired. Among them are:
Applied Genetic Technologies Corporation (AGTC)[1]
Bio Energy LLC
Celunol (merged with Diversa as Verenium then acquired by BP Biofuels)
EcoArray Inc.
EnCor Biotechnology Inc.
EraGen Biosciences (acquired by Luminex in 2011)
Integrated Plant Genetics Inc.
NanoMedex — The company became independent of the Incubator in 2003, but remained located in the Incubator facility.[3] As of 2005[update], the company was involved in reformulation of propofol into a nanoemulsion.[3] Development of the reformulation benefited from a SBIR grant and funding from "a large pharmaceutical company".[3]
Nanotherapeutics Inc.
Oragenics Inc.
Oxthera Inc.
Sharklet Technologies Inc.
SunPharm Inc. (acquired by GelTex which was acquired by Genzyme)
Universal Air Technologies Inc. (acquired by Lennox Industries)
Xhale Inc., which spun out Hygreen Inc.
In 2004[update], the facility's Director was reported to be David L. Day.[4] By 2014[update], this role had been conferred upon Patti Breedlove.[1]
Breedlove had previously been reported to be the Incubator's Manager (2007),[2] and later its Associate Director (2011).[5] She retired at the end of 2015, and Mark Long became director in 2016.
Sid Martin Biotech supports a wide range of bioscience companies including clean tech, diagnostic, therapeutic, drug delivery, genomic, bio-medical device, agbio, biofuels, and others. The Incubator can host up to twenty resident companies at the facility. As of 2019,[update] Sid Martin Biotech companies have attracted more than $4.6 billion in equity investment, sales revenue, contracts, grants, and M&A activity.[1]
International recognition
In 2007, the National Business Incubator Association(NBIA) recognized Sid Martin Biotech with a second-place ranking in the Technology category of its annual Incubator of the Year award program.[2] In 2013, the University Business Incubators group (UBI Global) ranked Sid Martin Biotech as "World's Best University Biotech Incubator" among 150 contenders across 22 countries.[1] The same year, 2013, Sid Martin Biotech won the NBIA's "Incubator of the Year" award.[6] April 3, 2017 - Sid Martin Biotechnology Institute (SMBI), the leading biotechnology incubator at the University of Florida, has been awarded the Randall M. Whaley Incubator of the Year award for 2017, the highest award given by the International Business Innovation Association (InBIA).
^ a b c d e Philipiddis, Alex (15 June 2014). "Incubators Blossom along with Their Startups". Genetic Engineering & Biotechnology News. 34 (12). pp. 7–8. Retrieved 2016-07-17.
^ a b c d Goodwin, Jay (4 April 2007). "UF business incubator recognized internationally". University of Florida News. Archived from the original on 4 July 2008.
^ a b c Staff (1 February 2005). "A few Florida nanotechnology companies have real products". Eyes on the market. Florida Trend. NanoMedex. Archived from the original on 10 September 2016. Retrieved 2016-07-17 – via HighBeam Research.
^ Haggman, Matthew (9 November 2004). "Biotechnology firms vie for funding at Miami forum". Knight Ridder/Tribune Business News. Archived from the original on 10 September 2016. Retrieved 2016-07-17 – via HighBeam Research.
^ Staff (18 May 2011). "Celebrate Biotechnology in Florida". Education Letter. Archived from the original on 10 September 2016. Retrieved 2016-07-17 – via HighBeam Research.
^ DiGregorio, Kevin (3 April 2014). "Revitalizing the State's Chemical Industry". Charleston Daily Mail. Archived from the original on 11 September 2016. Retrieved 2016-07-17 – via HighBeam Research.
Media related to Sid Martin Biotechnology Incubator at Wikimedia Commons
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This page was last edited on 29 September 2019, at 19:30