The impact of Gov. Rick Scott’s veto of a line-item in the state budget last month is already rippling through the South Florida tech community.
The Florida Institute for the Commercialization of Public Research was slated to receive $5.5 million to provide seed funding to startups. That was one of the $409 million in local items vetoed last month. The move came as a surprise: the program had been funded at the $5.5 million level since 2013, when the seed fund was incorporated into the Institute’s program.