Medindia

X

UF/Sid Martin Biotechnology Institute Brings in 10 New Resident Companies in Six Months

Wednesday, November 16, 2016 Research News J E 4
Advertisement
The University of Florida biotech incubator continues to expand on its 21-year history of growing and launching life sciences companies.

ALACHUA, Fla., Nov. 16, 2016 /PRNewswire/ -- Sid Martin Biotechnology Institute, the leading biotechnology incubator at the University of Florida, is having a great year. The institute has welcomed 10 innovative companies into the incubator program in a six-month period. It is at 95 percent capacity level and has accumulated an additional $37,000 in sponsorship funding to date in 2016.

Photo - http://photos.prnewswire.com/prnh/20161115/439853LOGO

"We have recently welcomed to the institute more startups that have game-changing technologies," said Sid Martin Biotechnology Institute Director Mark S. Long. "They have come to the right place. The institute is an innovation engine able to offer entrepreneurs and inventors the tremendous resources of the University of Florida, including our experience in developing technology partnerships."

Among the new companies that have joined the institute are:

  • Assembly Biosciences, Inc. – new oral therapeutics for treating hepatitis B 
  • Curtiss Healthcare, Inc. – Salmonella vaccine development 
  • AlphaChem Innovations, Inc. –  marketing insecticide for Varroa mites 
  • Amend Surgical – novel orthobiologics in bone graft repair

With a successful track record nurturing and accelerating sustainable biotech and biosciences businesses, the Sid Martin Biotechnology Institute helps to grow the economy of both the region and the state, creating jobs and producing substantial investment. Institute companies have attracted more than $1.6 billion in M&A activity, including $1.2 billion in the last seven years.

"We don't just define success by the number of startups at the institute," said Merrie Shaw, Assistant Director. "It is about the number of new innovations, the number of new jobs, and the number of new partnerships and new investments that provide the greatest benefit to all."

About the Sid Martin Biotechnology Institute at the University of Florida

The Sid Martin Biotechnology Institute is a leading biotechnology incubator headquartered at the University of Florida in Alachua, Florida at Progress Park. The institute has been honored with national and international awards for incubator excellence and achievements in technology commercialization, funding access, job creation and technology-based economic development. It is dedicated to mentoring companies, and supporting economic growth in the North Central Florida region.

For more information, visit www.sidmartinbio.org.

Contact:

Merrie ShawAssistant DirectorUF/Sid Martin Biotechnology Institute386-462-0880mashwa@ufl.edu

Related Files

10 New Companies for the Sid Martin Biotechnology Institute at the University of Florida.pdf

Related Images

image1.jpg

image2.png

This content was issued through the press release distribution service at Newswire.com. For more info visit: http://www.newswire.com.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/ufsid-martin-biotechnology-institute-brings-in-10-new-resident-companies-in-six-months-300363805.html

SOURCE UF/Sid Martin Biotechnology Institute

Advertisement


Advertisement

You May Also Like

Advertisement
View All

Post your Comments

Comments should be on the topic and should not be abusive. The editorial team reserves the right to review and moderate the comments posted on the site.
User Avatar
* Your comment can be maximum of 2500 characters
I agree to the terms and conditions
s
KultureCity's Love Without Words: A National Autis...
S
Orange County Doctor Creates Eczema Relief Cream f...