MagCorp
MagCorp is a private Tallahassee-based magnet solutions provider and public-private partnership with Florida State University that connects enterprises with National High Magnetic Field Laboratory scientists for HTS magnet consulting, sponsored research, and product development across healthcare, energy, quantum, and transportation sectors.
- Company typePrivate
- Founded2021
- HeadquartersTallahassee, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What MagCorp does
MagCorp (legal name Magnetics Corporation) is a privately-held, Tallahassee-based magnet solutions provider founded in 2021 by three former or current employees of the National High Magnetic Field Laboratory (MagLab): Abby Queale, Jeffrey Whalen, and Lezlee Richerson. The company operates as a public-private partnership with Florida State University under a five-year agreement (signed January 2021, running through 2025) that shares intellectual property rights and grants MagCorp exclusive commercial access to MagLab scientists. MagCorp's commercial model rests on a three-tier stepwise engagement — Consulting Services, Sponsored Research, and Product Development — moving clients from low-risk feasibility studies and proof-of-concepts through GO/NO GO milestones to prototyping and commercialization, with an added layer of first-rights exclusive technology licensing on developed IP. Its underlying technology capability is High Temperature Superconducting (HTS) magnet systems, with application focus areas spanning Healthcare/MedTech (MRI, radiation therapy, cancer treatment), Energy (fusion, power transmission, wind turbines), Information Technology/Quantum Computing, Transportation (hydrogen aviation, maglev trains), and Industrial/Manufacturing (textiles, defense, consumer products).
The company's go-to-market is consultative and relationship-driven, with a core team of four (Director, Chief Legal & Compliance Officer, Operations & IT, General Manager) supported by an on-call bench of 24 MagLab experts and 14 faculty members engaged per project. Pricing is quote-based and not publicly disclosed; the company's most prominent publicly-announced engagement is a December 2022 strategic collaboration with Philips to develop more affordable, accessible, and sustainable MR imaging technology, facilitated by the Tallahassee-Leon County Office of Economic Vitality. Marketing is primarily top-of-funnel: a corporate website, LinkedIn/Twitter/Facebook channels, blog/press-release content, and earned media in regional outlets such as the Tallahassee Democrat.
From a positioning standpoint, MagCorp's value proposition is the convergence of (a) exclusive access to the world's largest and highest-powered magnetic laboratory, (b) a stepwise engagement model intended to de-risk commercialization for enterprise clients, and (c) shared IP ownership with the MagLab and the client. Revenue is not disclosed, no funding rounds or institutional investors have been reported, and the business remains a sub-50-person organization operating from a single Tallahassee headquarters, with the 2025 MagLab partnership renewal representing the single most important contractual variable in the company's near-term outlook.
MagCorp firmographics
Firmographics- Name
- MagCorp
- Legal name
- Magnetics Corporation
- Website
- https://magneticscorp.com
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- MagCorp is a private Tallahassee-based magnet solutions provider and public-private partnership with Florida State University that connects enterprises with National High Magnetic Field Laboratory scientists for HTS magnet consulting, sponsored research, and product development across healthcare, energy, quantum, and transportation sectors.
- Ownership category
- akta.pro rank
Where MagCorp is headquartered
LocationHeadquarters
- HQ city
- Tallahassee
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
MagCorp business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D
Revenue model
- Consulting Services: Expert consulting services connecting businesses with superconductivity specialists at FSU's National High Magnetic Field Laboratory
- Sponsored Research: Facilitated research engagements between MagLab scientists and private sector clients addressing specific technological challenges
- Product Development: End-to-end product development services for magnetically enabled technologies from concept through commercialization
- Technology Licensing: Intellectual property licensing arrangements where clients receive first rights to exclusive commercial licenses for developed technologies
Go-to-market motion1 record
Distribution channels1 record
Marketing channels5 records
MagCorp product offering
Product offeringCore offering
MagCorp is a magnet solutions provider that connects businesses with world-class superconductivity experts at the National High Magnetic Field Laboratory. It delivers three core service lines—Consulting Services, Sponsored Research, and stepwise Product Development—applying High Temperature Superconducting (HTS) magnet technology to address challenges in healthcare (MRI, radiation therapy), energy (fusion, power transmission, wind turbines), quantum computing, and transportation (hydrogen aviation, maglev trains). Clients engage through a low-risk stepwise model with shared IP ownership between MagCorp, FSU, and the client.
Product overview
MagCorp is a consulting and partnership firm that connects businesses with world-class superconductivity and magnet technology experts from the National High Magnetic Field Laboratory (MagLab). The company operates as a three-part service offering: Consulting Services (connecting clients with subject matter experts), Sponsored Research (collaborative research programs), and Product Development (stepwise engagement from feasibility studies to commercialization). The company specializes in high-temperature superconducting (HTS) magnets applied across healthcare (MRI, radiation therapy), energy (fusion, power transmission, wind turbines), quantum computing, and transportation (hydrogen aviation, maglev trains) sectors. MagCorp uses a stepwise engagement model that allows clients to begin with low-risk feasibility studies and proof-of-concepts before progressing to prototyping and commercialization.
Differentiator
Problem solved
Functional benefit
Products and services
- Consulting Services
- Sponsored Research
- Product Development
Quantifiable outcome
- Shared intellectual property ownership reduces negotiation times and provides truly collaborative environment for scientists
- +1 more outcomes
Companies that use MagCorp
Customer profileNamed customers2 records
Segments5 records
Ideal customer profiles5 records
MagCorp technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
MagCorp partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and supporting.
- PhilipscorePhilips and MagCorp signed an agreement to connect scientists from the Florida State University-headquartered National High Magnetic Field Laboratory with industry professionals to make MR imaging more affordable, accessible, and sustainable. The agreement allows MagCorp to hire MagLab researchers as consultants to work on technological hurdles such as current magnet technologies and supporting infrastructure. Philips' purpose includes improving lives of 2.5 billion people per year by 2025, including 400 million in underserved communities.
- Florida State University (FSU)coreFive-year partnership agreement (through 2025) between MagCorp and FSU to share resources and intellectual property rights, strengthening relationships between the university and private industry. FSU's MagLab is the largest and highest-powered magnetic lab in the world, performing research in physics, biology, bioengineering, chemistry, geochemistry, and biochemistry. Supported by the National Science Foundation and the state of Florida.
- National High Magnetic Field Laboratory (MagLab)coreThe MagLab is the world's largest and highest-powered magnetic laboratory. MagCorp was founded by MagLab staffers and connects businesses with MagLab experts to solve magnetically enabled technology challenges across healthcare, textiles, manufacturing, consumer products, and defense sectors. Twenty-four experts and technicians, including 14 faculty members, work on projects through the partnership.
- Tallahassee-Leon County Office of Economic VitalitysupportingThis economic development office introduced Philips to MagCorp, facilitating the collaboration partnership. The office's mission is to bring businesses and industry to the table and connect them with community resources and assets.
Scale indicators3 records
Recent moves5 records
Expansion highlights5 records
MagCorp competitors and assessment
Company assessmentDirect peers
- Oxford Instruments: UK-based manufacturer of superconducting magnet systems, cryogenic equipment, and NMR/EPR instrumentation. Comparable to MagCorp because it serves similar end markets (research labs, healthcare, industrial) with HTS/LTS magnet technology and offers custom magnet-system solutions.
- American Magnetics: US-based manufacturer of superconducting magnet systems, cryostats, and instrumentation for research and industrial applications. Comparable to MagCorp because it supplies HTS magnet technology and custom magnet solutions to similar customer profiles, including academic and medical-research buyers.
- Cryomagnetics: US-based supplier of superconducting magnet systems, cryogenic systems, and accessories for research and industrial markets. Comparable to MagCorp because it delivers HTS/LTS magnet solutions to overlapping customer segments (universities, national labs, medical imaging).
Broad incumbents
- Bruker Corporation: Large diversified scientific instruments company with a substantial NMR/EPR/preclinical MRI business built around superconducting magnets. Comparable to MagCorp as a broad incumbent operating across multiple verticals (life sciences, materials) where MagCorp is developing expertise.
Emerging players
- Commonwealth Fusion Systems: US fusion energy startup building the SPARC tokamak using large HTS magnets. Comparable to MagCorp because its commercialization depends on the same HTS magnet expertise MagCorp accesses via MagLab, representing a logical customer for MagCorp's services.
- Tokamak Energy: UK-based compact spherical tokamak fusion company using HTS magnets. Comparable to MagCorp because its HTS magnet requirements overlap directly with the talent pool MagCorp monetizes through its MagLab partnership.
Others
- Siemens Healthineers: Major MRI systems manufacturer and a logical counterpart to Philips as a potential MagCorp customer. Comparable to MagCorp because it operates in the same downstream MedTech market (MRI) that MagCorp's HTS magnet expertise is designed to serve.
- GE HealthCare: Major MRI systems manufacturer alongside Siemens and Philips. Comparable to MagCorp as a downstream buyer of advanced magnet technology in the same medical-imaging value chain MagCorp is targeting.
- Luvata: Manufacturer of superconducting wire and cable, including HTS products used in magnet systems. Comparable to MagCorp as an adjacent supplier in the HTS magnet value chain; an ecosystem participant rather than a direct competitor.
- Furukawa Electric (SuperPower): Through its SuperPower subsidiary, Furukawa manufactures 2G HTS wire used in magnet systems including fusion, medical, and grid applications. Comparable to MagCorp as an upstream supplier in the HTS magnet ecosystem, not a direct competitor.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
MagCorp social profiles
Digital presenceMagCorp financial estimates
Financial estimateRevenue estimate
Valuation estimate
MagCorp leadership team
Management profileNumber of profiles
Profiles4 records
MagCorp funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
MagCorp M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about MagCorp
What does MagCorp do?
MagCorp is a magnet solutions provider that connects businesses with world-class superconductivity experts at the National High Magnetic Field Laboratory. It delivers three core service lines—Consulting Services, Sponsored Research, and stepwise Product Development—applying High Temperature Superconducting (HTS) magnet technology to address challenges in healthcare (MRI, radiation therapy), energy (fusion, power transmission, wind turbines), quantum computing, and transportation (hydrogen aviation, maglev trains). Clients engage through a low-risk stepwise model with shared IP ownership between MagCorp, FSU, and the client.
Is MagCorp a public or private company?
MagCorp is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was MagCorp founded?
MagCorp was founded in 2021. It employs 11 to 50 people.
Where is MagCorp based?
MagCorp is headquartered in Tallahassee, United States, in the North America region.
How does MagCorp make money?
Four revenue lines are on record. Consulting Services are the primary driver. The others are sponsored Research, product Development and technology Licensing.
Who are MagCorp's main competitors?
Direct peers on record are Oxford Instruments, American Magnetics and Cryomagnetics. Bruker Corporation is listed as a broad incumbent. Emerging players are Commonwealth Fusion Systems and Tokamak Energy. Others are Siemens Healthineers, GE HealthCare, Luvata and Furukawa Electric (SuperPower).
Does MagCorp have an API?
No public API is recorded for MagCorp.