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The Georgia BioBusiness Center (GBBC) is intended for start-up or early stage life sciences companies that are involved in the research and development of new products and services. Companies must have established research relationships with University of Georgia researchers, or they must have an interest in initiating those relationships. Priority consideration will be given to those companies who have a technology licensing agreement with the University of Georgia Research Foundation.
The GBBC assesses companies’ qualifications for admission based upon the following criteria:
Industry Application – The GBBC is primarily interested in companies in the biotechnology, agribusiness, biofuels, pharmaceutical, therapeutic, diagnostic, medical device or other bioscience field.
Market Opportunity – There must be a significant multi-million dollar market opportunity generated through products, or a combination of products and services.
Financial Status – The company should have already secured an initial round of funding, and be prepared to either pursue additional funding or generate sales revenue.
Management Expertise – At least one member of the management team (CEO/COO) must have a track record within the industry application or analogous industry experience.
Intellectual Property – A strong intellectual property portfolio anchored by issued and/or pending patents, copyrights, and trade secrets is essential to maintaining a competitive advantage in highly technical fields such as biotechnology.
Relationship to the University – University relationships can be in the form of faculty and/or student founders, IP license/option/research agreements, or an interest in using University core facilities.
Job Creation – Companies should make a commitment to hiring between 4 and 20 employees in the Athens area within one year of assuming GBBC residency status.
In order to be considered for admittance to the GBBC, companies must submit an Executive Summary with cover letter to sschulze@uga.edu.
The document should include:
A full Business Plan may be submitted in support of the Executive Summary.
These companies meet GBBC admission criteria: industry application, market opportunity, financial status, management experience, intellectual property, relationship to UGA and job creation.
These companies do not meet residency criteria, but have a substantive relationship to UGA through intellectual property, sponsored research, faculty participation, and is in applied biotechnology.
Companies are eligible for graduation from GBBC when established revenue, financing, management, facilities or production milestones are achieved. Current GBBC graduate companies are: