Study: State investment in tech companies worth it


Florida is getting back way more than it is spending from the economic impact of investing in technology companies and that return is accelerating as the companies mature, according to an economics study.

The Washington Economics Group, based in Coral Gables, conducted the study of companies funded by the Institute for the Commercialization of Public Research, which has an office at the University of Florida Innovation Hub and another in Boca Raton.

The institute was created by the state Legislature in 2007 to mentor and invest in Florida companies built around inventions to come out of state universities and private research institutions.