Research Park Releases 2019 Report to the Community
The Research Park at Florida Atlantic University® today released its annual economic report to the community. The report highlights business contributions of Research Park companies to the South Florida economy, as well as scientific discoveries and collaborations.
In 2019, Research Park at FAU companies generated more than $375 million in annual revenues; secured $11.4 million investment capital; employed 843 South Florida residents, including 85 FAU interns and graduates; had five new U.S. patents awarded; the private R&D spending totaled $8.6 million, and the average employee salary was $60,816.
“2019 was an exciting year for the Research Park at FAU as companies with strong links to FAU continued to grow, win grants and offer opportunities to the student body and alumni,” said Andrew Duffell, president of the Research Park at FAU. “I am encouraged to see our companies are investing in healthy R&D budgets and I am confident the returns on these investments will strengthen our region for many years to come.”
The Research Park is the only state university-affiliated research park in South Florida and is home to 29 high-tech, high-wage companies that work with FAU’s faculty and students on industry-leading projects. It is also home to FAU Tech Runway®, which serves as a hub to accelerate technology development and incubate startup companies.
For more information about the Research Park at FAU, visit research-park.org.