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Alachua’s Life Sciences Ecosystem Raises Over $1.0 Billion in 2020
January 6, 2021 GMT
ALACHUA, Fla. (BUSINESS WIRE) Jan 6, 2021
UF Innovate | Sid Martin Biotech announces the City of Alachua’s life sciences industry has raised more than $1 billion in 2020. The life sciences community has accelerated growth with government grants and contracts, mergers and acquisitions, successful financing rounds, and sales revenue.
In 2020 alone UF Innovate | Sid Martin Biotech’s resident companies, members and alumni raised over $462,660,054 in outside investment, $282,400,002 in government contracts, and $4,470,107 in grants. In addition, as of the third quarter for calendar year 2020 annual sales for incubator residents, members and alumni is approximately $236,114,506. In 2019 these companies raised over $2.3 billion, which includes Thermo Fisher’s acquisition of Sid Martin alum and Alach