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Biotechnology Clusters Developing Slowly; Startup Assistance May Encourage Growth, Report No. 10-05, January 2010
 
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  • Although the Innovation Incentive Program has invested over $449 million to bring seven major biotechnology research institutes to the state, this investment has not yet resulted in the growth of technology clusters in the counties where program grantees have established facilities. However, experts in the biotechnology industry agree that significant cluster growth often takes decades. While many factors related to biotechnology cluster growth are present in the state, such as a collegial and cooperative environment among stakeholders, Florida has limited early stage capital for beginning companies.
  • The Legislature could consider options to strengthen the program, including shifting its focus from attracting research institutes to providing early stage money for startup biotechnology companies. The Legislature could do so by authorizing grants to startup companies or by providing matching funds to companies that also receive grants from the federal Small Business Innovation Research and Small Business Technology Transfer Programs.

Which Government Program Summaries contain related information?

Enterprise Florida, Inc.
Office of Tourism, Trade and Economic Development

What other OPPAGA-related materials are available?

  • Report No. 14-01 Florida Economic Development Program Evaluations – Year 1,published in January 2014.
  • Report No. 13-06 Florida’s Biotechnology Industry Is Expanding; Cluster Growth Continues to Slowly Progress,published in March 2013.
  • Report No. 11-20 Research Commercialization Matching Grant Program Underway; Additional Performance Data Needed,published in November 2011.
  • Report No. 09-36 Scripps Florida Funding Corporation Complies with Requirements and Should Be Continued,published in October 2009.
  • Report No. 06-71 Florida Has Implemented Promising Biotechnology Initiatives, But Faces Challenges, published in November 2006.
  • Report No. 06-61 Scripps Funding Corporation Meets State’s Statutory and Contractual Requirements,published in September 2006.

Copies of this report in print or alternate accessible format may be obtained by telephone (850/488-0021), by FAX (850/487-9213), in person, or by mail (OPPAGA Report Production, Claude Pepper Building, Room 312, 111 W. Madison St., Tallahassee, FL 32399-1475).
e-mail address: oppaga@oppaga.fl.gov


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