USF and Jabil Inc. Announce $1 Million Partnership to Establish the USF Jabil Innovation Institute
TAMPA, Fla. (Oct. 24, 2019) – The University of South Florida today announced a $1 million partnership with Jabil to launch the USF Jabil Innovation Institute. The Institute will catalyze new collaborative efforts in innovative research, community engagement and talent development with the College of Engineering and Muma College of Business. It is expected to bolster the university’s student success efforts by providing new experiential learning opportunities and skills needed to remain competitive in the job market.
During a special ceremony to announce the USF Jabil Innovation Institute, USF President Steve Currall, USF Foundation CEO Joel Momberg and Jabil CEO Mark T. Mondello shared their vision for the partnership with students and faculty.
“We look forward to growing the Institute so that it serves as a national model for high-impact university-industry partnerships,” said Currall. “We are leveraging our strengths at the right time and right place -- a Tampa Bay region that is continuing to build momentum as a creative, high-tech destination for the next generation of the technology-savvy workforce. And at the heart of it will be Jabil and USF, charting a groundbreaking course together.”
Jabil will be leasing space at the Tampa Bay Technology Incubator (TBTI) in USF’s Research Park, where USF students and faculty will collaborate with Jabil teams, gaining real-life experience developing solutions to critical business and technology issues. Jabil will also be participating in USF innovation initiatives and leading programs for client companies at TBTI.
“We are looking forward to working even more closely with USF with this partnership,” said Mondello. “We firmly believe that together we can bridge business & engineering theory to the changing challenges of our global community.”
The partnership includes an $800,000 gift and $200,000 in research support given by Jabil to the USF Foundation.
“The gift and research support to foster the partnership will create the type of opportunities our high-achieving students seek. We are so thankful that Jabil has chosen to contribute to our incredible momentum here at USF,” said Momberg.
About the University of South Florida
The University of South Florida, established in 1956 and located in Tampa, is a high-impact global research university dedicated to student success. The USF System includes three separately accredited institutions: USF, USF St. Petersburg and USF Sarasota-Manatee. Serving more than 50,000 students, the USF System has an annual budget of $1.8 billion and an annual economic impact of $4.4 billion. USF ranks in the top 25 nationally for research expenditures among public universities, according to the National Science Foundation. In 2018, the Florida Board of Governors designated USF as a Preeminent State Research University, placing USF in the most elite category among the state’s 12 public universities. USF is a member of the American Athletic Conference.
Jabil (NYSE: JBL) is a manufacturing solutions provider that delivers comprehensive design, manufacturing, supply chain and product management services. Leveraging the power of over 200,000 people across 100 sites strategically located around the world, Jabil simplifies complexity and delivers value in a broad range of industries, enabling innovation, growth and customer success. For more information, visit jabil.com.
About the USF Foundation
The USF Foundation connects the University with donors who want to make a difference by providing private, philanthropic support to promote student success, academic initiatives, research, and other strategic priorities of the University of South Florida System. Our donors celebrate the energy, vision, and future of one of the country’s most exciting and engaged universities. Our people and programs, our ideas, our research, and our solutions comprise an ambitious plan to enhance healthcare, science, technology, education, business, the arts, and global partnerships.