History
The Sid Martin Biotechnology Development Institute (BDI) was officially founded on July 2, 1990 by the Florida Legislature. It was named after Sid Martin, a member of the Florida House of Representatives, in recognition of his commitment to the state of Florida and the University of Florida. In 1994, the Trustees at the University of Florida authorized 6 acres (24,000 m2) to build the Sid Martin Biotechnology Incubator.
The Incubator is 40,000 square feet (3,700 m2) and was built with a combination of funding from the University of Florida, the United States Department of Agriculture, and the Florida Legislature. The facility was created, engineered, equipped, and opened in 1995 as one of the first bio-business incubators in the United States. Approximate cost at that time was $11.5 million. The Incubator is located just outside of Gainesville, Florida in the Progress Corporate Park. Much of this research park was built by the vision of former University of Florida President, Robert Q. Marston.
Read more about this topic: Sid Martin Biotechnology Incubator
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