Moving from an economy that relies heavily on tourism to one that has a large stake in biotech is a big leap. And it calls for a long-term well developed strategy.
That’s what Governor Jeb Bush was after back in 2003. Using federal stimulus funds as bait he attempted to catch a big fish in the biotech sector. It worked and the Scripps Research Institute came to Florida.
His next line was thrown to the state legislature, which bit and in 2006 created an Innovation Investment Fund to attract world-class research and development which in turn would support high-technology innovation clusters.