After months of planning, 12 start-up companies and service providers moved into the Innovation Hub on Monday.
The move comes after UF's Office of Technology Licensing, which was the first office to move into the building, moved there on Friday.
The move went off without a hitch, and the office has settled in and is functioning in its new home, said Jane Muir, associate director of the Office of Technology Licensing.
"As one of my staff said, ‘I've been a part of many moves, and I've never been a part of one that went so smoothly,'" Muir said.
The office moved to the first floor of the Innovation Hub, where Muir said all full-time staff and some part-time staff will begin working immediately.
Muir said some companies will set up shop right away, and others will be coming and going. About 35 people are now working in the building.
Start-up companies in the business incubator pay an all-inclusive rental rate that includes furnished office space, maintenance, utilities and property tax.
In addition to the start-up companies the Innovation Hub was built to nurture, the building will host law firms, accounting firms and product design firms as part of the business incubator's ecosystem, Muir said.
Service providers offer a certain number of hours each month to the start-ups to help with growth and development.
Overall, Muir said Innovation Hub tenants are going to appreciate the new space.
"I think everyone who comes into the building is very excited about being here," Muir said.