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About Florida Opportunity Fund
Legislation passed by Florida legislature in 2007, which created Sections 288.9621-288.9625 of the Florida Statues, collectively referred to as the Florida Capital Formation Act, provided for the formation of the Florida Opportunity Fund (“FOF” or the “Fund”). The FOF is a fund of funds that directs investments into venture capital fund managers who in turn invest in seed and early stage concepts in Florida. The $29.5M program is sponsored by Enterprise Florida and is managed by Florida First Partners ("FFP").
The FOF was created to realize significant long-term capital appreciation by investing in high-quality venture capital funds that will focus (in whole or in part) on making investments in Florida.
- Increasing the availability of seed capital and early stage venture equity capital for emerging companies in the State, including, without limitation, enterprises in life sciences, information technology, advanced manufacturing processes, aviation and aerospace, and homeland security and defense, as well as other strategic technologies.
- Significantly increasing the potential to create new businesses and jobs in the State that are based on high-growth potential technologies, products, or services that will further diversify Florida’s economy.