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Apr 10, 2013

Sid Martin Incubator honored as year's best

The University of Florida's Sid Martin Biotechnology Incubator was named 2013 international Incubator of the Year by the National Business Incubation Association after one of its graduate companies landed a major defense contract and three companies were acquired in multimillion-dollar deals.

The incubator helps companies formed to commercialize UF biotechnology research in a 40,000-square-foot facility in Progress Corporate Park in the city of Alachua. It is currently home to nine resident companies and 14 affiliated clients. Since opening in 1995, 28 companies have graduated out of the incubator or been acquired by other companies. Incubator companies have received more than $1 billion in funding and have an annual economic impact of $100 million in Alachua County, UF said in a news release.

Gainesville.com, The Gainesville Sun, April 10, 2013 (Read entire article)

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