Alumni are increasingly choosing to locate their world-class companies near UF
For years, Gainesville was often perceived as the launching point for people shaped by the University of Florida, but now more entrepreneurial-minded alumni are returning to launch their global businesses from the college town turned tech-savvy center.
For many of these companies, their close ties to UF play a significant role in their success. Others chose Gainesville due to its large talent pool, low cost of living, tax incentives, high quality of life, and the abundance of affordable, customizable office space.
Nanotherapeutics, SharpSpring and Feathr are three of the latest companies headed by UF alumni to establish headquarters in the Gainesville area. The rising success of these companies has signaled Gainesville’s transformation into a thriving hub ideal for business growth.
“The heart of all of this is the university,” says Nanotherapeutics’ Chairman of the Board, Weaver Gaines. “If we are doing it right, and I think we are, it will look like San Diego in a few years.”
Nanotherapeutics, a biopharmaceutical company that specializes in development and manufacturing, is one such example of a successful company rooted in years of collaboration with UF. Founded in 1999 by James Talton, who received his Ph. D. in Pharmaceutical Science at UF, Nanotherapeutics has thrived since starting out at the Sid Martin Biotech Development Institute.
Talton’s decision to stay in Gainesville was motivated by the quality and affordability of lab spaces available to UF licensed companies. The continued support from the biotech incubator and Talton’s focus on National Institution of Health grant acquisition led the company to rapid growth.
In 2011, Nanotherapeutics collaborated with UF to become the prime offeror on the Biomedical Advanced Research and Development Authority flu vaccine contract. At the time, Nanotherapeutics was too small to handle the $1 billion contract, so UF assembled a team to partner on the proposal.
Nanotherapeutics was a finalist in the running for the contract to develop large scale vaccines for influenza, and the support from UF was integral to this success. Although they did not receive the contract, it prepared Nanotherapeutics to submit a similar proposal in 2013 for which they received a Department of Defense contract to manufacture medical countermeasures. This $450 million contract provided the funding to open their 183,000 square-foot plant near Progress Park in Alachua.
For Nanotherapeutics, the proximity to UF is a catalyst to their success, especially given the talent graduating from UF, noted Gaines.
Emergence of the Gainesville Tech Scene
Biomedical and pharmaceutical companies are not the only ones thriving in Gainesville.
The Innovation Square corridor, a newly developed area located between the UF campus and downtown Gainesville, is pulsing with life as new tech startups move in and capitalize on the resources of the research institution in their backyard.
Aidan Augustin and Aleksander Levental are among the mix of UF alumni who created a name for themselves in Innovation Square. Feathr, their digital event marketing software company, started at UF’s Innovation Hub, an incubator for startups and small businesses to collaborate and grow through mentorship and training. When they graduated from the Hub, they relocated to Austin, Texas, to grow and ultimately reinvent their business. After a year in the city renowned for startup culture, they pursued a more permanent location where they could start hiring their team.
Read more at UF News.