What makes Innovation Park of Tallahassee Different?

Innovation Park is home to the largest and highest powered magnet laboratory in the world- The National High Magnetic Field Laboratory (National MagLab). A staple of the Park since 1993, the National MagLab houses a fleet of world-record magnets that help researchers define the properties of new materials, find energy solutions and illuminate the mechanisms that underlie life itself. The MagLab expands the boundaries of scientific knowledge and continues to advance basic science, engineering and technology in the 21st century.

Innovation Park is also a global hotspot for energy, aero-propulsion, advanced power systems, superconductivity, and high performance materials. Several research institutes in the park are leaders in their industry and have state-of-the-art equipment that most other research institutes don’t have access to.

What is a University Research Park?

A university research park is a community of innovation that includes technology-based organizations and university research institutions. After the Bayh Doyle Act in 1980, that authorized the ownership by universities of technology created through federally funded research, many university research parks were created to help promote the university’s research, and attract companies to locate nearby. The basic concept was that universities would create technology, and then license it to private companies which would create marketable products and services.

The university research park concept has evolved over time to recognize that research and product development is not a linear process. Feedback loops between basic research, applied research, and product development, benefit those who work in close proximity to one another, particularly in a research park setting.  Partnerships between companies, universities and research institutions add value to each organization, and result in commercialization of new technologies, as well as potential new spinoff technologies, and the growth of new and existing companies.

University research parks drive technology-led economic development that in turn creates high wage jobs locally.