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GAINESVILLE, Fla. and BOCA RATON, Fla., Oct. 19, 2018 /PRNewswire/ -- The Institute for Commercialization of Florida Technology (the Institute) announced today results of a new study conducted by The Washington Economics Group, Inc.® (WEG), a boutique economic consulting firm led by nationally recognized business economist Dr. J. Antonio (Tony) Villamil. The study measured economic impacts of the Institute during FY 2017-18 to update prior years' studies, and concluded that the organization's impact increased significantly as more companies continued to raise investment capital, create jobs, and bring innovative products to market.