Putting Theory to Practice

The University of Florida prides itself on being an internationally respected academic institution. What does this really mean? Consider the following: academics are all about expanding the boundaries of the aggregate knowledge of civilization. But what good is this expansion if society doesn’t benefit? The University of Florida’s Office of Technology and Licensing is the liaison between theory and practice (aka marketplace) for Gator innovators, helping transform UF innovations into products consumers can benefit from. To put it in perspective, between 2010 and 2012 UF received upwards of $92 million in licensing revenues thanks to the efforts of the OTL. To highlight the success of UF’s OTL, let’s take a look at some historical triumphs, and then some blossoming achievements.

Historical Triumphs

•    Gatorade
Perhaps the most famous example, the creation of Gatorade at UF continues to provide approximately $12 million in revenue annually for the school

•    High Oleic peanut plants
High Oleic peanut plants are a series of strands of peanuts used by peanut producers around the globe. Invented at UF, this particular family of peanut strain has a shelf life up to 30 times longer than regular peanuts.

•    Trusopt
Trusopt has proven to be UF’s biggest money maker in many years, sometimes contributing more than 1/3rd of all royalty revenue. Licensed to Merck, the glaucoma drug hit the market in the mid 90’s.

•    Sentricon
Sentricon is a product for controlling termite colonies that is used in over 3 million households. The product was licensed to Dow AgroSciences, and has been very lucrative for the University.

•    RTI Surgical
RTI Surgicals is an Implant company utilizing cutting edge technology to manufacture prosthetic parts for patients. The company recently had an IPO, and now trades on the NASDAQ under ticker symbol RTIX. The company reported over $60 million in revenue for the first three months of this year.

Blossoming Achievements

•    Enterade
Enterade is a  medicinal food designed to alleviate stomach issues stemming from high exposure to radiation or chemotherapy. These issues include nausea and dehydration.

•    Shadow health
Shadow Health develops educational software for healthcare professionals. Their technology allows nursing students to virtually work with patients for examinations.

•    OBMedical
OBMedical has innovated the way in which fetuses are monitored. Their technology allows for more sensitive, less invasive monitoring of fetuses.

•    AxoGen
AxoGen is utilizing cutting edge technology to develop methods of protecting and restoring nerves. For instance, U.S. Navy Corpsman Edward Bonfiglio was able to recover use of his leg after being wounded overseas thanks to AxoGen’s innovations.

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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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