2017 Florida Academic R&D Expenditures Increased 3.6 Percent Total Expenditures Ranked 9th Compared to Other States

Published Wednesday, December 5, 2018

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. 

Report Highlights: 

  • 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: 

  1. Synchronize institution R&D priorities with private sector needs and federal agency funding priorities.
  2. 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.
  3. 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.
  4. 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.” 

A copy of the full report is available here>>>