The University of South Florida’s innovation ecosystem pumps more than half a billion dollars annually into the state’s economy, with the bulk of that staying in the Tampa Bay Area, a new report says.
Miami-based consulting firm the Washington Economics Group finds that USF’s innovation enterprise, which includes the Technology Transfer Office, Tampa Bay Technology Incubator, the Office of Corporate Partnerships, and startups, early-stage companies, researchers and community partners in the USF Research Park, pumped $582 million annually into the Florida economy in 2018, with $548 million of that staying in Tampa Bay. That is a significant 45 percent increase from the firm’s initial analysis three years ago.
