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Federal grant helps UF create Florida Innovation Hub

GAINESVILLE, Fla. — The federal Economic Development Administration has awarded the University of Florida an $8.2 million grant to help create the Florida Innovation Hub at UF, a facility officials describe as a “super incubator.”

The 45,000-square-foot facility, slated to be built on what is now a parking lot at Shands AGH, will nurture start-up companies in much the same way as the Sid Martin Biotech Incubator in Alachua. But the Florida Innovation Hub will also become home to the university’s main commercialization efforts. The building is scheduled for completion by December 2011.