University of Florida to Create $13.2M ‘Innovation Hub’ to Bolster Spinout Formation

The University of Florida said last week that it will use an $8.2 million grant from the federal Economic Development Administration to create the Florida Innovation Hub, a single facility near UF’s Gainesville campus that will link the school’s technology-commercialization efforts with a company incubator function.

According to a university official, the Innovation Hub is expected to speed tech transfer at UF primarily through new venture formation, and in turn feed economic development in the Gainesville area through new job creation.

By Ben Butkus

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