March 18, 2024

Sector Portrait: Research & Innovation

Research Florida - By the Numbers

Venture capital spending, grants and numbers of patents

Research Florida

Venture Capital

VC Investments in Florida
Year Investment (millions) Deals
2005 $333 55
2006 $386 57
2007 $780 60
2008 $236 37
2009 $291 32
2010 $186 39
Source: PricewaterhouseCoopers
» $21.8 billion — Amount venture capitalists invested nationally in 3,277 deals in 2010, an increase of 19% in dollars and 12% in deals

» $186 million — Amount venture capitalists invested in Florida in 39 deals in 2010, down 36% in dollars and up 22% in deals

» 36 — Number of Florida companies that received venture capital investment, with three of the companies receiving two rounds each

» $58 million — Amount received by networking and equipment companies, the leading VC sector in Florida. The No. 2 sector, computers and peripherals, received $40 million.

» $52 million — Largest sum received by a single company, Open Peak in Boca Raton, a network and equipment company that develops communications systems

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Florida Grants from the National Institutes of Health (2010):

» $391 million — For research, training, fellowships and other studies (1,028 grants)

» 57 — Number of entities receiving awards

» $104 million — Total amount awarded to the University of Miami School of Medicine (254 grants)

» $102 million — Total amount awarded to the University of Florida (321 grants)

» $39 million — Largest award to a research institute: H. Lee Moffitt Cancer Center and Research Institute (79 awards)

» $1.7 million — Largest award to a research spinoff: Xhale (2 awards)

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Patents

» 2,978 — Number of utility patents issued to Florida residents last year, up from 2,197 in 2009, ranking Florida 12th

» 35.5% — Increase in utility patents from 2009 to 2010

Source: U.S. Patent Office

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