FLORIDA INVENTIONINDEX | JUNE 2025
June 2025: 3.38% (A+ grade)
Florida inventionINDEX June 2025: 3.38% (A+ grade)
The inventionINDEX measures innovation output by comparing GDP growth with patent production growth.
Anything over C grade is positive sentiment; anything under C is negative outlook/sentiment. Using that sentiment, it is possible to observe trends over time, and also compare states/countries. In doing so, we can predict which states have the best chance to recover economically from the pandemic (or any other economic incident that may occur).
The inventionINDEX score for Florida in June 2025 stands at 3.38%, representing a modest rebound from the prior month’s 4.46%. While slightly below the trailing 12-month average of approximately 3.77%, this figure signals sustained inventive activity in the state’s innovation ecosystem. Compared to the recent trough of 2.60% in August 2024, the current score suggests a healthy recovery and a consistent baseline of technological progress. This steadiness is notable, especially in contrast to more volatile periods like October 2024, when Florida peaked at 5.08%.
A higher inventionINDEX score typically reflects elevated levels of patent filings, novel product development, and commercialization efforts. For Florida, scores above 4%-such as those in December 2024 (4.78%) and July 2024 (4.74%)-may coincide with increased venture capital interest, academic-industrial collaboration, or state-led innovation initiatives. These peaks indicate robust intellectual property activity that can drive economic growth, job creation in STEM sectors, and the establishment of high-value startups.
On the other hand, months with lower scores-such as August 2024 (2.60%) and April 2025 (2.92%)-raise questions about short-term slowdowns. These dips might suggest delays in R&D cycles, reduced public or private funding, or diminished patent filings from key institutions. A drop in inventive output could also be symptomatic of regulatory uncertainty or a lag in technology transfer processes from universities and research labs.
The June 2025 score, therefore, sits at a pivotal midpoint. It avoids the concerning lows of previous months while signaling room for improvement. Maintaining or exceeding the 4% threshold in the coming months would place Florida in a stronger national position, potentially attracting further innovation investment and reinforcing its role as a southeastern hub for emerging technologies.
Discussion:
In June, the Florida inventionINDEX scored a positive sentiment which was lower than the previous year’s average and underperformed the downward trend for the year. This is similar to the prior 12 months, which experienced a considerable downward trend.
As the economy continues to stabilize in the post-pandemic era, it remains uncertain whether any backlog of applications still exists or if the department has returned to normal processing timelines. The inventionINDEX could also be affected by lingering consequences from the pandemic, such as company closures, reduced workforces, and limited R&D capabilities, which may still be impacting current operations.
Learn More:
Are you thinking of patenting any of your bright ideas? Did you know your research work could be eligible for the R&D Tax Credit and you can receive up to 14% back on your expenses? To find out more, please check out our free online eligibility test.
Swanson Reed’s Florida office provides R&D tax credit consulting and advisory services to Jacksonville, Miami, Tampa, Orlando, St. Petersburg, Hialeah, Tallahassee, Fort Lauderdale, Port St. Lucie, Cape Coral, Pembroke Pines, Hollywood, Miramar, Gainesville, Coral Springs, Clearwater, Palm Bay, Miami Gardens, West Palm Beach and Lakeland.
Feel free to book a quick teleconference with one of R&D tax specialists if you would like to learn more about R&D tax credit opportunities.
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