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BRINGING INNOVATION TO MARKET: PALM BEACH COUNTY OFFERS AN IDEAL PLATFORM FOR LEADING-EDGE COMPANIES

For decades, Palm Beach County has been a hub for innovation. The first IBM personal computer, versatile Sikorsky helicopters, Lockheed Martin’s marine submersibles and Modernizing Medicine’s health care technology were all created here.

Today, the county leads the way as an ideal platform for leading-edge companies developing innovative products and services in a wide range of markets.

United Technology Corp. (UTC) has opened a $125 million Center for Intelligent Buildings to showcase its safe and sustainable technologies. The 224,000-square-foot building in Palm Beach Gardens will be the global headquarters for UTC’s $17 billion climate control and security business and add 480 jobs to Palm Beach County.

“We’re a company that does many different things: HVAC, elevators, escalators, fire and security, building automation,” said Robert J. McDonough, president, UTC Climate, Controls & Security, at an April ribbon-cutting ceremony. This is the first place where all of this smart tech-nology is under one roof.

The new UTC Center for Intelligent Buildings will offer a world-class experience for global visitors, demonstrating the benefits of integrating energy-efficient systems and designs. “Its energy use will be less than half the typical office building,” McDonough said. “That’s an important step toward sustainability since buildings consume about 40 percent of the world’s energy.”

Innovation in Health Care

In 2010, Lisa B. Bair was named one of the top women entrepreneurs in the U.S. by Ernst and Young. Three years later, she founded Quantuvis, which offers innovative technology solutions to help life sciences and health care companies increase revenue and profitability through improved decision-making.

“Prior to Quantuvis, the way that managed care compa-nies and pharmaceutical manufacturers negotiated for the cost of drugs was very manual,” said Bair, who is CEO of the West Palm Beach company. “Our technology allows both sides to compare proposed offers in real-time, improving efficiency, reducing administration costs, and minimizing er-rors. The technology, when used to its full potential, will ide-ally translate into lower-cost access of U.S. consumers to their medications.”

Quantuvis now serves about a dozen managed care or-ganizations and more than 170 phama companies, and its headquarters workforce has doubled in size since 2013. The company’s engineering and development teams in Roslyn, Virginia, are also growing rapidly.

“The choice to open up our headquarters initially in West Palm Beach was due to the fact that I was living in Palm Beach,” Bair said. “However, our staffers have chosen to relocate here from other parts of the country. There is a new vibe in downtown West Palm Beach, with younger profession-als choosing opportunities to live and work here. It is hard to beat the quality of life here, and at Quantuvis we feel very proud to be part of that growth.”

A New Headquarters

ScriptSender, a growing health care technology company, chose Palm Beach County for its world headquarters in 2017, bringing 25 jobs to the region. “It’s a move that made perfect sense for us,” said Chris Craft, founder and CEO. “There is a lot of traction here in terms of the business community, and a lot of support for growth in the technology sector in particular.”

ScriptSender creates direct, secure, cost-effective com-munication solutions for health care organizations. Its tech-nology enables one-click integration between physicians and external clinicians—a critical tool for seamless collaboration between health care providers. ScriptSender solves what had been a complex and expensive issue, bringing business and clinical benefits.

This article was from the BDB Profile magazine >