Institute for Commercialization of Florida Technology Delivers Nearly $1.4 Billion Economic Impact

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    The Institute for Commercialization of Florida Technology (the Institute) announced today results of a new study conducted by The Washington Economics Group, Inc.® (WEG), a boutique economic consulting firm led by nationally recognized business economist Dr. J. Antonio (Tony) Villamil. The study measured economic impacts of the Institute during FY 2017-18 to update prior years’ studies, and concluded that the organization’s impact increased significantly as more companies continued to raise investment capital, create jobs, and bring innovative products to market.

    The Institute supports new companies that create clean jobs in knowledge-based industries that are driving the global economy. By providing seed and early-stage funding, the organization enables businesses to develop and launch products in key industries, including life sciences, information technology, homeland security and defense, logistics and distribution, and manufacturing. Highlights of the new study include: