Winner of Four International and National Awards
Early-stage biotech companies face formidable challenges: the high cost of bringing products to market, complex regulatory hurdles, and the need for specialized facilities and equipment. We’re committed to helping biotechnology entrepreneurs beat the odds.
Our program assists with early recruitment of experienced leadership, fosters relationships with potential investor groups and qualified service partners, and provides laboratory space, animal facilities, fermentation facilities, greenhouses and $1 million of core scientific equipment. The UF Sid Martin Biotechnology Incubator is the most experienced, fully-equipped bioscience incubator in the United States. And we have the results to prove it!
Our Track Record:
- The average Sid Martin Biotech company raises $24 million in investment.
- 81 percent of our companies were still operating five years after graduating from our program.
- 15 percent of our companies were acquired within seven years of graduation.
- Sid Martin companies have attracted more than $1.6 billion in funding and M&A activity.
An independent survey found that our program’s companies and graduates created 1,467 local jobs from 2004-2010. Our companies and graduates generate an average local economic impact of well over $100 million each year.
Sid Martin Biotech was awarded the National Business Incubation Association (NBIA)’s 2013 Dinah Adkins Technology Incubator of the Year award and the 2013 Randall M. Whaley Incubator of the Year award, for overall excellence. Our program was selected from 1,900 member programs in 60 countries.
In July 2013, the Sweden-based UBI index named our program the “World’s Best University Biotechnology Incubator,” as part of an inaugural benchmarking study. UBI assessed 50+ performance indicators (including job creation, talent retention, access to funding, post-incubation relationships, etc.) among 150 incubators in 22 countries to determine the ranking.
UF Sid Martin Biotech was again recognized as a national leader in technology-based economic development in 2014–when we won the State Science and Technology Institute (SSTI)’s 2014 Excellence in Technology-Based Economic Development award for our achievements in the technology commercialization category.