The Deltona-Daytona Beach-Ormond Beach region in Florida is gaining recognition as an emerging innovation hub, driven by its robust economic growth, strategic initiatives, and a flourishing ecosystem of companies, research institutions, and supportive enablers.
Why Deltona-Daytona Beach-Ormond Beach?
According to Public Spend Forum’s Regional Innovation Dashboard, the region ranks 9th among metropolitan areas in the South, reflecting its increasing prominence. This ranking is based on a few key factors:
- Capital Infusion: The region has received significant financial support, with government R&D funding amounting to $500M-$1B and private capital ranging from $10M-$1B.
- Human Capital: With over 50K STEM graduates aged 25+ and 10K-50K advanced industry employees, the region has a solid talent pool to support innovation and industry growth.
Prominent Technologies and Key Players
- Advanced Manufacturing: The region is home to over 450 manufacturing companies specializing in automotive, food production, and sustainability. Institutions like Daytona State College’s Advanced Technology College offer specialized training, ensuring a steady pipeline of skilled workers.
- Aviation and Aerospace: With Embry-Riddle Aeronautical University leading aerospace innovation, the area is fostering research and development in aviation, space technology, and autonomous systems.
- Life Sciences and Medical Devices: Companies like Germfree Laboratories, LLC and Command Medical Products, Inc. are contributing to advancements in medical device manufacturing and biotechnology.
Strategic Initiatives Driving Growth
- Volusia Innovation Challenge: A regional pitch competition supporting entrepreneurs in developing and scaling innovative ideas.
- University Partnerships: Collaborative initiatives between Embry-Riddle, University of Central Florida, and Daytona State College are helping bridge the gap between research and commercialization.
Recommendations to Boost Innovation
To further strengthen its innovation ecosystem, the region should:
- Leverage Existing R&D Funding: Encourage greater collaboration between research institutions and private companies to maximize capital utilization.
- Enhance Startup Support: Expand accelerator programs and incubators to assist startups in accessing funding, mentorship, and market opportunities.
- Attract More Investors: Position the region as a prime destination for venture capital and private equity by showcasing its innovation potential.
- Invest in Workforce Development: Expand partnerships with educational institutions to ensure workforce alignment with the growing industry needs.
Learn More and Explore the Data
To explore how Deltona-Daytona Beach-Ormond Beach compares to other regions and to gain deeper insights into regional innovation ecosystems, check out Public Spend Forum’s Regional Innovation Dashboard here. You can access the dashboard for free and gain valuable insights into the top regional innovation clusters across the United States.
For a detailed overview of how the dashboard works and its methodology, visit the Regional Innovation Blog here.
Stay tuned for more updates on regional innovation ecosystems and success stories shaping the future of American innovation!