In 1965, a team led by Dr. Robert Cade invented Gatorade, a brand that would one day benefit the University of Florida in numerous ways. Since its inception, UF has acquired over $280 million in royalties from Gatorade. The money has been used to supplement research, laboratories, and business incubators. The university currently reaps nearly $17 million in royalties every year.
Money from Gatorade helped many young entrepreneurs reach their goals, and assisted the University of Florida in making top ranks. Gatorade royalties helped build Sid Martin Biotech Incubator in Alachua, and also provides grants to a number of startups at the Innovation Hub. As a result, UF is able to compete with other top schools with more resources. Last year, the University of Florida boasted 15 new start-ups. In fact, UF ranked sixth nationally in number of start-ups and eighth for U.S. patents in 2013.
Dr. Robert Cade has inspired many inventors and researchers, including Nan-Yao Su, creator of Sentricon termite control. With the continued growth of Gatorade, who knows how much the company will continue to bring to the university.