BOCA RATON & GAINESVILLE, Fla., Oct 19, 2011 (BUSINESS WIRE) -- The Institute for Commercialization of Public Research (the Institute) announced today the availability of funding for early-stage technology and life sciences companies that have spun out of Florida's universities and research institutions. The goal of the new Seed Capital Accelerator Program is to bridge the funding gap for companies whose technology was developed through publicly-funded research, and to attract additional investment capital through a required match against funds provided by the state.
"This program underscores Florida's commitment to develop its innovation-based economy by leveraging the $2B+ in research conducted throughout the state," said Senator Jeremy Ring, (D- District 32), who, in 2007, sponsored the legislation that created the Institute. "Florida universities have had a significant impact on the economic development of the state, which ranks tenth in the country for research awards, and this program will strengthen Florida's entrepreneurial ecosystem and go a long way towards new company and job creation in our state."
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