FLORIDA INNOVATION HIGHLIGHTS
InternetCoast's Florida Innovation Highlights is an information resource that provides analysis and insights on innovation and technology driven job creation and economic growth in South Florida and across the State.
The purpose of Highlights is to provide a tool to stimulate dialogue to better understand South Florida and Florida’s innovation ecosystem, its impact on the competitiveness of industries, and opportunities to leverage innovation to stimulate job creation and economic growth.
Florida Innovation Ecosystem Reports
Venture Capital Investments
Record Number of Florida Venture Capital Deals in 2018
Total Investment Declined to $1.7 Billion
According to InternetCoast research, 2018 Florida-based companies raised $1.7 billion from 189 deals, compared to $2.6 billion and 153 deals in 2017. “While a decline in investment could be unsettling, 2018 deal activity was the highest level in many years,” according to Dale Gregory, InternetCoast president. “Additionally, four large deals in 2017 accounted for $1.8 billion or 69 percent of all investments. In 2018 deal investments were in a tighter range, with three large deals accounting for $714 million or 42 percent of all investments.”
Table of Contents
- U.S. Venture Capital Activity
- Florida Venture Capital Investments & Characteristics
- Enterprise Florida Regions
- Top Ten Florida Investment Transactions
- Industry Sector Investments
- Investments by Stage of Development
Research & Development
Analysis of Florida Academic R&D Expenditures 2013 - 2017
Florida academic institutions invested $2.6 billion in 2017 R&D activities, compared to $2.5B in 2016. Nationally, academic institution R&D expenditures were $75.2 billion in 2017, an increase of 4.7 percent from $71.8 billion in 2016.
Florida Institutions Ranked in the 2017 Top 100 U.S. Institutions Based on Total R&D Expenditures: University of Florida (#25), University of South Florida (#42), University of Miami (#64), Florida State University (#82), & University of Central Florida (#98)
Top Enterprise Florida Regions Based on R&D Expenditures: North Central ($801M), Southeast ($614M), & Tampa Bay ($569M)
Best Florida Institution R&D Expenditure Compound Annual Growth Rate, 2013 - 2017: Florida Atlantic University (18%), University of Central Florida (17%), University of West Florida (16%), & NOVA (15%)
2017 R&D Headcount & Productivity: Nationally Florida ranked 9th in total headcount and 24st in R&D expenditure per researcher
2017 State & Local Government Funding of R&D: Florida ranked 4th compared to other States based on total R&D funding from state and local government, 30th on a per capita basis.
2017 R&D Expenditures Funded by Institution Revenue: Florida ranked 6th compared to other States based on total R&D funding by institutions, 37th on a per capita basis.
Workforce Talent Pipeline
Foreign Direct Investment