University Economic Development Association

Network

USF Tampa Bay Technology Incubator

Award Category: Place + Innovation
Project Site: USF Tampa Bay Technology Incubator
Submitted By: University of South Florida
Contact: Valerie Landrio McDevitt , 813.974.0994

Abstract

The University of South Florida (USF) Tampa Bay Technology Incubator (TBTI), founded in 2001, is a University-driven community partnership providing early stage technology companies with access to business services, world-class research faculty and students, critical research equipment, and a collaborative environment in which to incubate technology from an idea to commercialization in an effort to create financially stable, high-impact enterprises.

USF TBTI supports both USF spinout companies and community startups through their early stage commercialization with facilities, access to costly scientific equipment, state of the art shared wet lab space, and—most importantly—its programming.  Through partnerships with the University, the Florida High Tech Corridor Council, Hillsborough County, and other organizations, USF TBTI is able to provide many growth opportunities for its clients.

USF TBTI supports technology research as a catalyst for economic development and advocates the creation and development of facilities for high-technology companies and related support functions. The clients of the incubator include early stage technology companies in industries ranging from biotech to digital media.  USF’s TBTI is currently home to over 73 resident and affiliate companies, with 50 percent of these companies directly coming from the USF’s TTO as spinouts. TBTI companies have created and retained 221 jobs with salaries averaging $77.7k. TBTI incubated companies have received over $129M in external funding to date.

Finalist Presentation

UEDA Awards of Excellence Finalists presented at the Annual Summit in Long Beach on October 2-3, 2017. Summit attendees then voted for the best initiative in each category.