Making a Difference in Florida's Economy

research and innovation by the numbers

Economic Impact

Florida's research dollars contribute significantly to boosting Florida's economy.1

FY2022-23

$1B

State Funding

$660M

Federal Funding

3,656

New Jobs Created by External Funding

R&D Expenditures and Grants

Florida is a leader in funded grants for R&D, and Florida's public university system ranked #5 in the U.S. for research expenditures.2

FY2022-23

$2.94B2

Total Expenditures

$1.39B2

Federal Expenditures

2131

Grants between State Universities

Innovation and Commercialization

Five Florida institutions ranked in the top 100 worldwide universities granted U.S. utility patents in 2024.3

404

Startups
FY2019-20

4634

Licenses and
Options Executed
FY2019-20

1,2874

Patents Awarded
FY2019-21
1 State University System of Florida Research and Innovation Dashboard Update, March 2024.
2 National Center for Science and Engineering Statistics, National Science Foundation, Higher Education Research and Development Survey, 2023.
3 National Academy of Inventors, Top 100 Worldwide Universities Granted U.S. Utility Patents, 2024.
4 Research to Renewal: Advancing University Tech Transfer. Heartland Forward, 2022.
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