UF biotech incubator named “World’s Best” by international study

in Uncategorized by

An extensive analysis of 150 biotechnology incubators in 22 countries has named the University of Florida’s Sid Martin Biotechnology Incubator as the “World’s Best.”

The study, conducted by the Sweden-based research group UBI and released this week, assessed more than 50 performance indicators including the incubator’s record on job creation, talent retention, access to funding, network enhancement and post-incubation relationships.

Overall, US programs performed more highly than European incubators. While  European incubators spend about nine times as much on seed funding, they create 1.9 times fewer jobs and 2.8 times lower revenue per client per year.

In contrast, UF’s Sid Martin Biotech creates 2.8 times more jobs than the global average.  The center was built in 1995 and is one of the first bio-business incubators in the nation. Its companies and graduates have attracted more than $1 billion in equity investment, contracts, grants and M&A activity.

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

The UBI award is not the first time UF’s center has been recognized for its assets: its 40,000 square foot complex was international recognized as the National Business Incubation Association’s 2013 Incubator of the Year.

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