By Donna Foster, GTEC Communications Manager
“The Gainesville/Alachua County area has a tremendous reservoir of untapped economic potential at the University of Florida,” said David Day, Director of the UF Office of Technology Licensing. “We look forward to working cooperatively and collaboratively with one and all to raise the financial resources necessary to exploit the commercial opportunity of UF technologies and thus reap the benefit of those high-tech, high-wage jobs.”The six building blocks critical to creating a successful tech cluster include growth sector, critical mass, asset base, entrepreneurial activity, capital and community support. Here is a breakdown of the six building blocks that make up the Gainesville/Alachua County Tech Cluster:
UF Sid Martin Biotechnology Incubator - Opened 1995•35,000 sq ft; 19 labs and 13 offices•Small and large animal facilities•31 companies admitted•$42 million in equity investment•$15 million in grant awards•680+ job-years createdGainesville Technology Enterprise Center (GTEC) - Opened 2001•30,000 sq ft; 6 labs and 26 offices•22 companies admitted; 6 partners•$49.12 million in funding for startups, including $26+ million in investment capital.•Indirectly attracted nearly $49 million•140+ jobs created directly; 120+ jobs created indirectly
UF-based startup companies have an enormous impact on Florida’s economy, and the numbers continue to increase every year. In 2003, UF-based startups had a direct economic impact of $186.2 million and UF added 921 new jobs. The total of direct, indirect and induced economic impact on Florida’s economy in 2003 totaled $456.2 million and added 1,925 new jobs.