Sid Martin Biotech Incubator ranked world’s best for biotech in global benchmarking study

Source: The Gainesville Area Chamber of Commerce

Source: The Gainesville Area Chamber of Commerce

The Sid Martin Biotechnology Incubator was named "World's Best University Biotechnology Incubator" by Swedish-based research group UBI. Earlier this year, the incubator was named the 2013 Incubator of the Year by the National Business Incubation Association. The Sid Martin Biotechnology Incubator is just another example of the outstanding tenants in Progress Corporate Park

By Nathan McCrate | University of Florida News

GAINESVILLE, Fla. — The University of Florida Sid Martin Biotechnology Incubator was ranked “World’s Best University Biotechnology Incubator,” according to an international study conducted by the Sweden-based research group UBI.

The inaugural benchmarking report was based on an extensive analysis of 150 incubators in 22 countries.

“Being recognized as world’s top biotech incubator is especially gratifying because UBI’s rankings are data-driven,” said incubator director Patti Breedlove.

UBI assessed more than 50 performance indicators including job creation, talent retention, access to funding, network enhancement and post-incubation relationships.

The report found that European incubators perform substantially lower than U.S. programs, despite spending more on operations and client seed funding.

European incubators grant their clients nine times as much seed funding but create 1.9 times fewer jobs and 2.8 times lower revenue per client per year.

Top incubators, like UF Sid Martin Biotech, create 2.8 times more jobs than the global average, according to the study.
“We couldn’t be more proud of the talented team at the Sid Martin Biotech Incubator. With their help, UF is producing an outstanding crop of bioscience companies” said David L. Day, director of UF’s Office of Technology Licensing.
The Texas-based Alliance for Technology and Entrepreneurship was named top global incubator overall. Other top incubators by sector were Ireland’s NDR Launchpad (information technology), and New York’s UB Technology (life sciences).

The full “Top University Business Incubators: Global Benchmark Report 2013” can be downloaded at ubiindex.com

Built in 1995, UF Sid Martin Biotech is one of the U.S.’s first bio-business incubators. The 40,000-square-foot bioscience complex was internationally recognized as the National Business Incubation Association’s 2013 Incubator of the Year. Its companies and graduates have attracted more than $1 billion in equity investment, contracts, grants, and M&A activity.

For more information, contact Patti Breedlove, UF Sid Martin Biotech director, at 386-462-0880 or pbreedlove@sidmartinbio.org.

 

 

Virginia MacKoul

Virginia is a graduate from the University of Florida's College of Design Construction and Planning with a degree in Sustainability and the Built Environment, and a minor in Urban Regional Planning. Virginia joined the Front Street team in 2011, as an intern. Upon graduation, Virginia joined the Front Street team full-time as the Director of Client Services. Ms. MacKoul’s addition furthers Front Street’s continued growth and expansion within Gainesville and other North Central Florida markets. She was promoted to Director of Marketing in 2014 and now manages the firm’s team of interns and oversees all marketing and branding activity. Virginia was born in Boston and moved to Lee County, Florida in 1997. Virginia graduated her high school's International Baccalaureate program and started at the University of Florida with a focus on Architecture. Virginia shares Front Street's passion of giving back to the community and those in need. Virginia's hobbies include photography, cooking, football, movies, music, and spending time with her dog, Brinkley.

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