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Florida State University has established a new advisory panel of business and community figures to guide the university on its efforts to promote economic advancement related to magnetic technologies.

The Magnetic Capital Research Advisory Council will strive to position Tallahassee and the state as an international frontrunner in developing innovative technologies, driving energy solutions, and creating sophisticated materials to attract talent and generate employment opportunities.

“As a public institution and home to a national laboratory, we bear the obligation to boost the region’s economic viability,” stated Vice President for Research Stacey S. Patterson. “This advisory council includes various skilled and committed individuals dedicating their time and energy to assist us in enhancing our economic development portfolio for the benefit of Floridians.”

The Magnetic Capital Research Advisory Council consists of university and community leaders. The board will be led by Patterson and will feature members from the fields of economic development, finance, industry, and scientific leadership.

The group aims to particularly elevate the initiatives and resources accessible through the National High Magnetic Field Laboratory (National MagLab), the sole national lab in Florida. The National MagLab currently generates a $709 million economic influence across the United States and a $221 million economic impact in the Tallahassee area.

Located at Florida State University with additional sites at the University of Florida and Los Alamos National Lab, the National MagLab accommodates researchers from thousands of universities, laboratories, and companies globally who utilize the lab’s distinctive high field magnets and instruments to address urgent scientific inquiries.

Findings in robust magnets influence every aspect of human experience. Researchers are employing the lab’s magnets to investigate how brains recuperate post-stroke to provide improved treatments and outcomes, design smaller yet more powerful batteries for active lifestyles, create safer and targeted medications by mapping disease-related proteins, and enhance nano components that will increase processing capabilities and memory for next-generation electronics.

“Tallahassee and Florida possess remarkable advantages through its university researchers and firms that have collaborated with Florida State, particularly in domains related to magnetic technologies,” remarked Ricardo Schneider, Danfoss Turbocor Executive Adviser & Former President & CEO of Danfoss Turbocor. “We’re thrilled to support Florida State in building upon the pioneering work from its laboratories and translating that into jobs and opportunities for Tallahassee and the state of Florida.”

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