Business Facilities - December 2007 - (Page 45)

Cardiovascular Sciences is in the process of obtaining additional investments to bring its product to the market. The company aims to focus initially on the veterinary market and eventually move into human applications. “We’ve identified several areas in the veterinary market that will help us generate revenue a lot earlier than might be seen in other research companies,” says Dr. Hooper. NeoCytex, a biotechnology company working to find new drugs to treat severe neurodegenerative diseases like Parkinson’s and Alzheimer’s, came to UCF’s Technology Incubator in 2006 with expected federal, state, and matching funds close to $750,000. Nilabh Chaudhary, CEO of Neocytex, has benefited from the incubator’s advisory and business development support. “The incubator has experienced leadership that is very startupfriendly,” says Chaudhary. “They have business, financial, and legal experts on call who routinely provide mentoring to clients. We especially appreciate their efforts in showcasing our technology and accomplishments to potential investors and advisors.” Locating in Orlando has allowed NeoCytex to grow its work from the ground up: starting in the lab and, with support from investors, ending in the marketplace. “The biomedical research community in and around Orlando is poised to rapidly grow,” says Chaudhary. “The incubator will continue to contribute to Florida’s economy by facilitating the creation of highpaying, knowledge-based jobs. The commercial success of former incubator clients is a sign that many things are being done right.” One such example of success is the Cognoscenti Health Institute. The health-care service and technology company came to UCF’s incubator in 2001 with $4 million worth of investment. Less than two years later, the company had 47 employees and revenues of $3.8 million. Looking for a diverse economy? BIOSCIENCE FINANCIAL SERVICES DISTRIBUTION MANUFA CTURING AIRPORT PORT You’ve found it in TAMPA! BEYOND COMPARE! 615 Channelside Drive, Suite 108 3Tampa, FL 33602 3813.276.9405 3fax 813.221.6095 #1711 at www.BusinessFacilities.com BUSINESS FACILITIES 45 http://www.BusinessFacilities.com

Table of Contents Feed for the Digital Edition of Business Facilities - December 2007

Business Facilities - December 2007 Contents First Word Snapshots Metro Spotlight: Albuquerque, New Mexico Corporate Moves: North Carolina 2007 Ecomonic Development Deal of the Year Awards State of the Year Seeking Supply Chain Solutions Mississippi Means Business Corporate Moves: South Carolina Biomedical Momentum in Florida's High Tech Corridor Trends in Offshoring Metro Spotlight: Stillwater, OK Metro Spotlight: Atlanta, GA Advertiser Information 2007 Salary Survey

Business Facilities - December 2007

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