Gainesville and Boca Raton, FL – July 17, 2017 - The Florida Institute for the Commercialization of Public Research (the Florida Institute) announced today that it has finalized a funding agreement with Dominion Aesthetic Technologies, an innovative company focused on commercializing medical devices in the aesthetics field. The company has licensed technology from the University of Central Florida. The Florida Institute supports new company development and expansion based on publicly-funded research, and bridges early funding gaps for companies licensing technology out of Florida-based universities and research institutions.
Dominion Aesthetic Technologies is led by a team of industry experts whose mission is to advance the field of aesthetic medical devices by delivering products that are convenient and easy to use for clinicians and safe for patients.
“We are committed to bringing to market the most comprehensive platform for non-invasive aesthetic procedures,” said Janet Campbell, Chairman and Chief Executive Officer of Dominion Aesthetic Technologies. “With funding from the Florida Institute, we will expand our Florida presence, advance prototype development, initiate additional studies, and prepare for commercial release.”
“Dominion Aesthetic Technologies will provide significant advantages over existing devices in the market,” said Jackson Streeter, MD, Florida Institute Chief Executive Officer. “With their team of world-class experts and experienced management as well as their focus on targeting markets with the largest areas of potential, the Institute looks forward to supporting their efforts in the rapidly-growing aesthetics field.”
About the Florida Institute
Formed by the Florida Legislature in 2007, the Florida Institute for the Commercialization of Public Research is a non-profit organization that works collaboratively with the technology licensing and
commercialization offices of Florida’s state universities and private research institutions to leverage a
$2.5B+ research base and form investable companies that create clean jobs in new industries that are
driving the global economy. With funding from the State of Florida through the Department of Economic
Opportunity, and through the generosity of mentors, advisors and donors, the Florida Institute provides company building services, and seed funding through the Florida Technology Seed Capital Fund, to promising Florida startups. Seventy-two companies have been funded to date, and the Florida Institute’s economic impact through June 30, 2016 in the State of Florida was $630 million.
About Dominion Aesthetic Technologies
Dominion Aesthetic Technologies’ mission is to develop and commercialize leading-edge aesthetic medical devices. Its comprehensive platform with multiple applications will include technology advancements for improved patient interfaces, safety, convenient use and service. Dominion has assembled a team of world class experts who are designing, building, and commercializing aesthetic medical devices. At Dominion, we share our medical customers’ focus on quality and personalized service to ensure that every patient is pleased with their results. Dominion is elevating the performance of aesthetic medical devices by improving the safety and clinical outcomes of its products. The concept for this product system is currently being refined and completed, and will go to market once the product system receives clearance through the FDA.