FSU forms new advisory council to support economic development in the region

Florida State University has created a new advisory group of business and community leaders to advise the university on its initiatives to advance economic development related to magnetic technologies.

The Magnetic Capital Research Advisory Council will work to establish Tallahassee and the state as a global leader in developing cutting-edge technologies, driving energy solutions and creating advanced materials to attract talent and create jobs.

“As a public university and home to a national lab, we have a responsibility to enhance the region’s economic competitiveness,” said Vice President for Research Stacey S. Patterson. “This advisory council comprises a number of talented and dedicated individuals who are donating their time and energy to help us build our economic development portfolio to benefit the people of Florida.”

The Magnetic Capital Research Advisory Council is composed of university and community leaders. The board will be chaired by Patterson and include members representing economic development, finance, industry and scientific leaders.

The group hopes to specifically amplify the work and resources available through the National High Magnetic Field Laboratory (National MagLab), the only national lab in Florida. The National MagLab currently creates a $709 million economic impact in the United States and $221 million economic impact in the Tallahassee region.

Headquartered at Florida State University with satellite locations at University of Florida and Los Alamos National Lab, the National MagLab hosts researchers from thousands of universities, labs and businesses from around the world who use the lab’s unique high field magnets and instrumentation to answer pressing scientific questions.

Discoveries in powerful magnets touch every part of the human experience. Researchers are using the lab’s magnets to study how brains recover after stroke to deliver better treatments and outcomes, make smaller and stronger batteries to keep people on the go, develop safer and targeted medicines by mapping the proteins of diseases and advance nano components that will improve processing power and memory for next-gen electronics.

“Tallahassee and Florida have incredible assets through its university researchers and companies that have partnered with Florida State, particularly in areas related to magnetic technologies,” said Ricardo Schneider, Danfoss Turbocor Executive Adviser & Former President & CEO of Danfoss Turbocor. “We’re excited to support Florida State building on the groundbreaking work from its labs and translating that to jobs and opportunities for Tallahassee and the state of Florida.”