Northeast region lags behind the rest of Florida in VC funding

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Author: Colleen Nichele Jones
Publisher: Jacksonville Business Journal
Date: June 4, 2014

Northeast Florida companies have a lack of venture capital funding, according to a recent report by a Florida innovation promotion organization.

Of the $425 million Florida companies received in VC funding in 2013, just $6 million went to startups in the Jacksonville metropolitan area, according to InternetCoast, the South Florida-based nonprofit who conducted the study.

Overall, however, it was the best year for venture capital funding in Florida since 2009, with 67 percent, or $285 million, of the pie going to South Florida businesses. Businesses located in the East Central,Tampa Bay and North Central regions received $75 million, $35 million and $21 million respectively. Read more here.