Officials from the University of Florida along with developers and representatives from the City of Gainesville, Florida recently visited The Georgia Institute of Technology ( Georgia Tech) . The Florida delegation wanted to learn how Georgia Tech had been successful in the development of Technology Square. Technology Square is adjacent to Georgia Tech and is where companies that spun off from research at the school take their first steps.
Located in midtown Atlanta, just north of downtown , Technology Square includes research labs, offices, restaurants, shops and a conference center. Technology Square offers a mix of restaurants and shops that provide an important environment for networking and deal-making. The downtown ambiance was a factor early on in attracting firms and remains a key component to the on-going success.
Expanding on the success of Technology Square will be Technology Enterprise Park, a new research park being built about 10 minutes from the school's campus.
Technology Square has been the launching pad for successful companies. In addition to the technology transfer from Georgia Tech, access to capital and commercialization expertise are also vital to the success of these new companies. To that end, venture capitalists and other investors who provide the backing for research projects also office in Technology Square.
Georgia Tech advised the Florida delegation that developing a successful research center has not been easy process. It took proactive efforts from Georgia Tech and partnerships with the City of Atlanta in order to generate the resulting economic development for Atlanta and profits for Georgia Tech.
The delegation from Florida was aware of the task ahead of them to develop a research park in Gainesville. They pointed out they could possibly leverage millions in state funds that were recently made available as matching grants for this type of investment in Florida.
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