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Institute for Commercialization of Florida Technology

The Institute for Commercialization of Florida Technology is a nonprofit organization established by the Florida Legislature in 2007. It provides seed funding and company-building services to early-stage technology ventures in Florida, focusing on innovation that drives economic growth.

Founded
2007
Recorded stages
Seed
Recorded regions
United States

Online destinations

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Overview

The Institute for Commercialization of Florida Technology was formed by the Florida Legislature in 2007 to support and fund innovation companies that create jobs in new industries. Based in Florida, the Institute provides company-building services and seed funding through the Florida Technology Seed Capital Fund to promising Florida start-ups. Its investment decisions are guided by a partnership with Florida Funders. The Institute aims to drive economic growth and job creation in the state by investing in seed and early-stage technology ventures across multiple sectors, including life sciences and information technology. With an economic impact of nearly $6 billion on Florida's economy, the Institute plays a crucial role in fostering innovation and entrepreneurship in the region.

Focus

The Institute invests in seed and early-stage technology ventures in Florida. It focuses on companies developing products that improve lives and enhance business performance across multiple science and technology sectors. The organization aims to drive economic growth and job creation in the state.

Support

The Institute provides company-building support and seed/early-stage funding, leveraging a network of corporate, academic, and investment partners to help Florida startups commercialize their innovations.

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