UF Innovate | Sid Martin Biotech Revenue and Competitors

Opening in 1995, Sid Martin Biotech was one of the first bio-business incubators in the United States. The program fosters the growth of University of Florida-related startups by providing specialized equipment, wet labs, business mentoring, and introductions to prospective investors and service providers. The 40,000 sqft bioscience complex is located in Alachua, Florida — 20 minutes away from UF’s Gainesville campus. The incubator generates $100 million in regional economic impact every year. Its startup companies and graduates have attracted more than $1.7 billion dollars in equity investment, contracts, grants, and M&A activity. Winner of International and National Awards (6 total) Sid Martin Biotech was awarded the National Business Incubation Association (NBIA) 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. 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.