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The Impact of UF Tech-Based Start-Ups on Economic Growth

The University of Florida has fostered a thriving ecosystem of tech-based start-ups that contribute significantly to economic development. This report by David L. Day highlights the direct impacts such as sales, job creation, and income generation, alongside indirect and induced economic activities stemming from UF-connected companies. Start-ups act as crucial vehicles for bridging the technology gap, often needing Gap Funds to launch. Through successful examples like Regeneration Technologies, Inc. and AxoGen, the report showcases UF’s role in advancing innovation and supporting health care advancements.

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The Impact of UF Tech-Based Start-Ups on Economic Growth

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  1. David L. Day Director

  2. UF Patents & Licensing

  3. Impact of UF Tech-Based Start-up Companies 2003 • Direct impact: sales, jobs and income generated by the companies • Indirect impact: economic activity generated by businesses selling goods and services because of the presence of the UF-connected companies • Induced impact: economic activity generated from spending by employees of those companies

  4. Start-ups are often the most appropriate (only) vehicle to bridge the technology gap And Gap Funds are often the only way to get the Start-up Started! Bridging the Technology Gap Science Products

  5. Innovation R&D Hotbeds MIT, Caltech – And the Gators? How the University of Florida moved to the Major league of technology startups BusinessWeek - May 21, 2007

  6. Regeneration Technologies, Inc. is a UF spin-off that processes donated human tissue into allograft implants • Has distributed over 800,000 implants with zero incidence of infection • In many cases enabling patients to walk again

  7. Orthopaedics & Sports Medicine Institute Genetics/Cancer Research Institute (opened in February 2005) (opened in Spring 2006) * Each building received $30 million from successful IPO of RTIX * “The RTIX Effect”

  8. AxoGen products will support peripheral nerve repair and regeneration Company was formed in 2003 To date AxoGen has raised approximately $10 million

  9. David L. Day Director

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