Formed by the Florida Legislature in 2007, the Institute for Commercialization of Florida Technology supports and funds innovation companies that create clean jobs in new industries driving the global economy. The Florida Institute provides company building services and seed funding through the Florida Technology Seed Capital Fund to promising Florida start-ups that are developing products that improve and save lives and help companies improve their bottom line. The organization’s investment decisions are guided through a strong partnership with its Private Fund Manager, Florida Funders. The Institute’s economic impact over the last 11 years was $3.4 billion, with fiscal revenue impacts of over $382 million to federal, state, and local governments.