2017 Florida Academic R&D Expenditures Increased 3.6 Percent – Total Expenditures Ranked 9th Compared to Other States
December 5, 2018 - The InternetCoast released its 2017 analysis of R&D expenditures at Florida colleges and universities. 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.
According to Dale Gregory, President of InternetCoast, “Florida academic institutions should adopt a more innovative and disruptive model to dramatically increase R&D funding. Opportunities to accelerate funding include strategies that:
- Synchronize institution R&D priorities with private sector needs and federal agency funding priorities.
- Develop strategies to dramatically increase federal agency funding of science and technology lab infrastructure, centers of excellence, and satellite hubs associated with federally funded R&D centers.
- Collaborate with private sector life sciences, manufacturing, and technology industries to co-locate corporate innovation centers, business accelerators, high performance computing and lab infrastructure near or on the campuses of Florida’s universities.
- Create economic development strategies to attract centers of excellence, satellite hubs associated with federally funded R&D centers, corporate innovation centers, and business accelerators on or near the campuses of Florida’s universities.”