UF panel to talk about startups that sold for more than $100 million
GAINESVILLE, Fla. — Fourteen early-stage technology companies will present Thursday at â€śA Celebration of Innovation,â€ť the University of Floridaâ€™s seventh annual technology showcase.
The event at the Hilton University of Florida Conference Center will also feature updates from university officials and a panel discussion on UF startups that were bought for more than $100 million. Another new feature this year, a poster session during the Inventors Reception, will feature 14 more technologies well-positioned for entrepreneurs interested in starting companies.
â€ťThis is one of the premier events of its kind in the country, and a must-see for investors in the Southeast,â€ť said UF Assistant Vice President David Day, director of the Office of Technology Licensing. â€śWeâ€™ve had several exits topping $100 million each over the past few years. At the showcase, weâ€™ll hear how Gainesville is fostering these deals and see the next big startup and technology opportunities generated by more than $644 million in research conducted at UF.â€ť
Experienced entrepreneur Jamie Grooms will moderate the panel, which includes Al Kern of Pasteuria Bioscience, acquired by Syngenta for $113 million in September; Lou Oberndorf, of METI, acquired by CAE Inc. for $130 million in 2011; and Randy Scott, who founded Novamin Technology, acquired by GlaxoSmithKline plc for $135 million in 2010.
For the first time, startup companies competed for the opportunity to present at the showcase. The winners represent the most promising early-stage companies from the many startups that license technology developed at UF and those that have located in UF business incubators.
Biomedical companies include medical-device startups such as EncephaloDynamics, making detection of neurological disorders fast and easy, and OBMedical, developing a state-of-the art maternal-fetal monitoring system. Other biomedical companies include Pulmokine, developing new treatments for pulmonary hypertension, and TrueMotion Spine, developing disc-replacement implants. Technology companies include Constellation Research, developing medical-imaging software; EigenChem, improving recycling and advancing renewable energy; and K&A Wireless, providing high-tech critical information delivery.
A tour of the Innovation Hub the morning of the showcase will introduce out-of-town guests to the unique multi-use business incubator that houses UF OTL along with dozens of tech-based startup companies, and service providers such as attorneys, accountants and venture capitalists.
A Celebration of Innovation, 2013 Technology Showcase, lasts from 12:30 pm to 5 p.m., immediately followed by the Inventors Reception, featuring 14 technologies in a poster session. See the agenda here: http://conferences.dce.ufl.edu/innovationshowcase/default.aspx?page=738
To register: http://conferences.dce.ufl.edu/innovationshowcase/
- Kathryn Gerlach
- Jane Muir, firstname.lastname@example.org