Gainesville, Fla. (7/19/17) — Captozyme, a Gainesville-based biotechnology company, is among 50 statewide companies expected to see significant growth over the next several years. Captozyme was selected from more than 500 nominees for Florida Companies to WatchSM, a statewide program managed by economic development group GrowFL, in association with the Edward Lowe Foundation.
Captozyme’s management team, competitive market position and strong community involvement were among several factors that put them in contention for the award.
“These stand-out companies are all led by entrepreneurs, and have demonstrated their capacity and intent to grow,” said Dr. Tom O’Neal, executive director of the Florida Economic Gardening Institute and associate vice president for the University of Central Florida’s Office of Research and Commercialization. “They also all have critical intellectual property or a niche position that gives them a competitive edge in their markets,” he said.
Second-stage companies are defined as those with six to 150 full-time employees and between $750,000 and $100 million in annual revenue. There are many programs and incubators promoting start-up businesses; GrowFL is the only Florida program that focuses exclusively on second-stage companies.
“This is a strong group of companies that deserve this special recognition given annually to the state's top second stage companies,” said Dr. O’Neal.
“We are excited and honored to be among the 50 companies named to the 2017 Companies to Watch by GrowFL,” said Helena Cowley, CEO of Captozyme. “Over the last eight years we have strived to research, study and create innovative products that will assist people in their goals to live a healthier lifestyle. We are proud to be based in Gainesville, Florida and contributing to the economic growth within our state.”
To see the other 49 companies joining Captozyme on the Florida Companies to Watch list visit growfl.com/flctw17.
Economic Impact of 50 Winning Companies - 2017 Florida Companies to Watch Honorees
$391 million in total annual revenue in 2016
47 percent increase in total annual revenue in 2016 compared to 2015
1,948 full-time equivalent employees in 2016
48 percent increase in 2016 total employment compared to 2015
693 net new jobs projected for 2017
From 2013 through 2016, these companies generated more than $1 billion in revenue and added more than 1,300 employees, reflecting a 137 percent increase in revenue and 219 percent increase in employment for the four-year period. That translates into a 30 percent annual growth rate for revenue and a 50 percent annual growth rate for employment.
These companies project continued growth in 2017, with a 53 percent revenue increase and 36 percent growth in employment compared to 2016. If their projections hold, these companies will have generated $1.6 billion in revenue and added more than 2,000 jobs over the last five years — a 262 percent increase in revenue and 333 percent increase in jobs since 2013.
Companies named to the list will be officially recognized October 14, 2017 at the Straz, Tampa, FL.
For more information, visit growfl.com/flctw17.
Captozyme, Inc. is a biotechnology company developing enzymes and formulations to advance knowledge in the area of gut health and through its products advance the health and wellness of people. The company will be launching their Nephure Oxalate-Reducing Enzyme in the Fall of 2017 and plans to extend their product line around their IP-protected oxalate-degrading enzyme. Captozyme Inc., also houses internally a fully equipped laboratory for research around gut health with plans for a manufacturing facility with focus on probiotic development. The company is based in Gainesville, Florida. Learn more about Captozyme by visiting www.captozyme.com
GrowFL was created in 2009 as an economic development program focused on assisting second-stage growth companies prosper in the state of Florida. By providing strategies, resources and support to second-stage companies for next level growth through Strategic Research, Peer Learning and Leadership Development, GrowFL helps companies overcome obstacles to growth and leads them towards prosperity. Based on the philosophy of Economic Gardening® — to grow existing businesses in a community, region or state — GrowFL, the Florida Economic Gardening Institute, is a critical component to the state’s economic development strategy and Florida’s entrepreneurial ecosystem. GrowFL is a statewide economic development organization certified by the National Center for Economic Gardening through the Edward Lowe Foundation. GrowFL has assisted more than 1000 companies through the Strategic Research and CEO Roundtable programs and recognized 300 successful entrepreneurs through the annual awards program, Florida Companies to Watch. Learn more at www.GrowFL.com.
About Edward Lowe Foundation
Established in 1985, the Edward Lowe Foundation is a national, nonprofit organization that supports entrepreneurship through research, recognition and educational programs, which are delivered through entrepreneur support organizations (ESOs). The foundation focuses on second-stage companies — those that have moved beyond the startup phase and seek significant, steady growth. In addition, the foundation has a mission of land stewardship and is committed to preserving the natural resources and historically significant structures at Big Rock Valley, its 2,000-acre home in southwest Michigan. Learn more at www.edwardlowe.org.
Ryan Gerds, APR, CPRC
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