Venture capital
 Start-up success

Title: Commercialization Council venture news
Full Citation
Permanent Link: http://ufdc.ufl.edu/UF00088889/00004
 Material Information
Title: Commercialization Council venture news
Series Title: Commercialization Council venture news
Physical Description: Serial
Creator: University of Florida Commercialization Council
Publisher: University of Florida Commercialization Council
Publication Date: Summer 2004
 Record Information
Bibliographic ID: UF00088889
Volume ID: VID00004
Source Institution: University of Florida
Rights Management: All rights reserved by the source institution and holding location.


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Table of Contents
    Venture capital
        Page 1
        Page 2
        Page 3
        Page 4
        Page 5
    Start-up success
        Page 6
        Page 7
Full Text
Venture Newsletter Page 1 of 8

Commercialization Council

'CetngaMr IIViban Enrpeera Culture adFili.cint h Su-asfl romrilztno U-ae ehooie 'l

Summer 2004

Members of the
Commercialization Council

Office of Technology Licensing
David Day Director
Jane Muir Associate Director

Univ. of Florida Foundation
Christopher Needles
Assistant VP/Development

Sid Martin Biotechnology
Development Incubator
Patti Breedlove Incubator Mgr.

UF Has Become a Technology Business
Creation Center

The University of Florida is gaining a reputation
throughout the U.S. as a technology business
creation center. In fiscal year 2003 alone, UF spun
off ten new firms in addition to those already in
residence at the Sid Martin Biotech Development
Institute and the GTEC. The investment community
is taking notice, with venture and other capital
eager to stay involved in these exciting
developments. This issue of the Commercialization
Council Venture News details some of oursuccesses
and gives more insight into how UF's business
creation engine works for our faculty innovators,
business and community partners.


H.I.G. Courts UF Spin-Offs

Craig Burson of H.I.G. Capital, a leading private
equity firm with more than $1 billion under
management, recently met with the leadership of
eight UF start-ups at the Office of Technology
Licensing. The seed-stage companies presented
their business plans and management teams, and
gathered valuable feedback. Mr. Burson later met
with David Day, Director of the Office of
Technology Licensing, John Teegan of the local
angel investor network Emergent Growth Fund,
and Dan Rua, Managing Partner of area VC firm

This visit is part of an exciting trend of which UF
spin-offs are likely to be beneficiaries. "For venture
capital firms specializing in early stage
investment," reports tech transfer research

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Venture Newsletter

The Commercialization Council
is funded by the
Research & Graduate
Programs Office.
Dr. Winfred M. Phillips
Vice-President & Dean,
Research & Graduate Programs

PO Box 115500
(352) 392-1582

The UFCC Venture e-newsletter is
sent to you by the University of
Florida Commercialization Council.

To be removed from the UFCC
Venture mailing list, please email

The information contained in UFCC
Venture may not be reproduced
without the permission of the
University of Florida
Commercialization Council.

company UVentures, "many are looking to
university-based startups since these firms often
have well-developed technologies and have been
supported through the earliest research stages by
government and academic funding."

According to Rua, the Gainesville area is a new
business growth hotspot. Rua says the University
of Florida is lucky to have an aggressive Office of
Technology Licensing, boosted now by its business-
development catalyst, the University of Florida EDA
University Center (more about this organization
below). OTL and the UF EDA University Center will
continue to work with investors seeking
opportunities to become involved with university
spin-offs; leadership anticipates a number of new
successes this year. For more information, contact
Jane Muir at (352) 392-8929.

EDA Funds Prime the Pump for Private

The U.S. Economic Development Administration
awarded a $2 million grant to the University of
Florida's Center of Excellence for Regenerative
Health Biotechnology to help fund construction of a
state-of-the-art biopharmaceutical manufacturing
facility. The grant will fund renovation of one of
two buildings UF has purchased at Progress
Corporate Park in Alachua to house the center.

The Economic Development Administration, or
EDA, partners with state and local governments
and nonprofit organizations to provide funding for
projects that aid distressed communities
throughout the United States.

"As we all know, government can't create jobs, but
it can set the stage for investment and innovation
through economic development grants like this,"
U.S. Commerce Secretary Don Evans wrote in a
statement. "President Bush is committed to
working with local communities to grow the
economy, create jobs and encourage investments
in their local areas."

Win Phillips, UF's vice president for research,
accepted the award from Donald Sampson, U.S.
assistant secretary of commerce for economic

"EDA's investment of $2 million with the University
of Florida will support a growing industry cluster
throughout Florida as part of a statewide economic

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strategy to increase the advancement of
technology and related research," Sampson said,
recognizing Gov. Jeb Bush's Centers of Excellence

"New and existing private-sector companies in the
regenerative health industry in this region need
increased research and development capacity to
stay competitive in the global economy," Sampson
continued, "and new employers will be more easily
recruited to this area if state-of-the-art facilities
are put in place."

Phillips praised EDA's commitment to the University
of Florida and the state. "Clearly the administration
recognizes that getting cutting-edge research from
the laboratory to the marketplace where it makes
people's lives better and strengthens our economy
by creating high-wage jobs is vitally important,"
Phillips said. "We appreciate EDA's contribution to
this initiative."

The Center of Excellence for Regenerative Health
Biotechnology was established in 2003 with a $10
million state grant matched by $10 million from the
university. The primary focus of the center is to
establish a biopharmaceutical manufacturing
facility that transforms potential products
discovered in the research laboratory to medicines
suitable for clinical trials.

"This important translational phase in moving
discoveries made at the laboratory bench to the
pharmacy will be greatly enhanced by this facility,"
said Richard Snyder, the center's director. "This
center of excellence is becoming a hub for
regenerative health technologies and a focal point
for Southeast regional economic development."

In addition to the center of excellence grant, the
university also manages a $200,000 EDA
University Center grant through its Office of
Technology Licensing. EDA University Center works
to connect UF researchers with entrepreneurs and
investors, leading to the creation of new
businesses in the region. It also collaborates with
organizations from around the state to facilitate
partnerships such as the center of excellence

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UF TechAlert: Exciting Free Service for
Identifying Cutting-Edge Technologies

The University of Florida is proud to announce a
new service to its commercial partners that will
help them identify cutting-edge technologies to
expand product lines or improve manufacturing
processes. UF TechAlert is a simple, free, web-
based service that automatically notifies
subscribers of University of Florida technologies
available for licensing in their specific areas of
interest. UF TechAlert generates a text-only email
to subscribers with a web link to a description of
the new discovery and contact data for more

For example, if a food manufacturer had subscribed
to UF TechAlert this month, they would have been
among the first to read about a groundbreaking
carb-free tortilla-style wrap called Flaquitas, now
drawing significant attention from industry.

A company that produced medical devices to help
osteoporosis sufferers would have received an
email about a new UF-developed technology that
stimulates muscle and bone tissue without relying
on gravity, enabling its use by bed-ridden patients.

UF TechAlert subscribers interested in information
technology would have received automatic
notification about pervasive wireless services that
enable elders to live safely and independently, such
as the Smartphone-based Medicine Reminder
System and iSecure Home Security and Control

"This kind of customizable service is very helpful to
our industry partners," said Jane Muir, Associate
Director of the university's Office of Technology
Licensing. "It provides automatic access to the
latest cutting-edge technologies from one of the
country's leading research universities."

To subscribe to UF TechAlert, simply go to this

For more information, contact Jane Muir at
jmuir@ufl.edu or at (352) 392-8929.

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Planning for the Future Biotech Workforce
Training Focus Group Meets

As part of the University's contribution to ensuring
that North Florida is recognized as a leading center
in the regenerative health biotechnology industry,
the Sid Martin Biotechnology Incubator hosted a
biotech industry focus group last month. The goal
was to gather input to a new statewide effort to
develop a training curriculum for biotech
technicians. The Florida Biotechnology Consortium
for Workforce Development is spearheading the
effort with a $1.2 million contract from Workforce
Florida, Inc.

Consortium members include four community
colleges (Florida Community College Jacksonville,
Santa Fe Community College, Hillsborough
Community College, and Daytona Beach
Community College), three research universities
(University of Florida, University of South Florida,
and Florida Atlantic University), the Florida Space
Research Institute, BioFlorida, and Steel Beach
Productions. Visit the Consortium website at

Great Turnout at SBIR/STTR Phase I Proposal

Almost 50 area technology innovators attended a
workshop earlier this month detailing how to write
a successful proposal for the Small Business
Innovation Research (SBIR) program and the Small
Business Technology Transfer (STTR) program.

UF's EDA University Center and the Gainesville
Area Innovation Network (GAIN) sponsored the
workshop for UF entrepreneurs seeking funding to
get technology-based businesses off the ground.
Organizers promise to bring the workshop back to
UF again, citing the terrific business creation and
growth momentum in and around Gainesville.

Entrepreneur Roundtable Resounding Success

As part of our on-going Entrepreneur Roundtable
series, the UFCC and UF EDA University Center
presented a panel of successful local business
leaders who spoke on their experiences founding

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and operating firms in the Gainesville area. Gary
Miller, co-founder of Exactech, Inc., Tom Rothrock,
co-founder and now Senior Vice President of Info
Tech, Inc., and Jamie Grooms, founder of
Regeneration Technologies, Inc. and co-founder
and CEO of AxoGen. Approximately 50 people
attended the event at the GTEC. A repeat
performance is certainly in order for next year, as
these panelists were able to give valuable advice to
our faculty entrepreneurs.

UF Scientists and Engineers Learn About

The Winter 2004 lunchtime series,
Entrepreneurship for Scientists and Engineers,
introduced faculty to new business creation at UF.
Approximately 25 registered participants heard
from experts about the functional areas of a
business, new ideas on potential sources of capital,
and the basics of intellectual property during the
four-session series.

David Day and Jane Muir of UF's Office of
Technology Licensing kicked off the training with
an introduction to the services OTL provides.
Richard Fox of MetaTech Ventures, LLC discussed
how to write a compelling business plan. Dan Rua
of Inflexion Partners, the local arm of a national VC
firm, gave a presentation on raising capital. And
accountant/attorney Jack Bovay of Austin, Bovay &
Gillman, P.A. talked about business structures and

The series will be held again in the fall, and will
feature a variety of new company formation topics
from outside experts.

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Oragenics Breaks Ground for New

Oragenics, Inc. (OTC: OGEN; TSX-V:ORA.U), a
publicly held biotechnology development company,
broke ground in February for a new headquarters
building in Progress Corporate Park in Alachua.
Oragenics, currently housed in the University's Sid
Martin Biotechnology Incubator, will be the first

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graduate of the Incubator to build in the park.

Oragenics has worked with architect Paul Stresing
and developer Hawley-Wiggins to design a 5300
sq. ft. facility with corporate offices and R&D
laboratories, which it has leased for five years.

Oragenics is an emerging biotechnology company
focused on the development of innovative products
and technologies for improving human health. The
company's lead product is a novel oral rinse for the
prevention of tooth decay, which is anticipated to
enter clinical trials in 2004. The company is also
developing a novel antibiotic with broad-spectrum
activity against gram positive bacteria and a
probiotic product aimed at maintaining oral health.

Chuck Soponis, President of Oragenics, said, "The
move into a new home of our own is another major
step in the development and growth of Oragenics.
We will leave the Sid Martin BDI with a great deal
of gratitude towards the University and the BDI
management for nurturing our company through
its early growth stages."

Located in Alachua, the 35,000 sq. ft. Sid Martin
Biotechnology Incubator provides start-up biotech
companies with support essential for accelerating
their launch into the marketplace. Business
development support services and assistance with
access to seed stage venture capital are combined
with state-of-the-art laboratories, wet labs,
greenhouse and animal facilities, and common use
equipment to support the development of young
biotech companies emerging from the fruits of
University of Florida research.

For more information, visit the Oragenics company
website at www.oragenics.com.

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Check here for upcoming events:

Calendar of Events

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