Areas of Industry Focus

Areas of Industry Focus:

Social Enterprise

Social Enterprise attracting growing amounts of talent, money, and attention. But along with its increasing popularity has come less certainty about what exactly a social entrepreneur is and does. Social entrepreneurship signals the imperative to drive social change, and it is that potential payoff, with its lasting, transformational benefit to society, that sets the field and its practitioners apart.

Applied Medicine & Human Performance

The goal for the Applied Medicine & Human Performance target sector is for the Tampa Bay region to become a recognized center of excellence for specific, targeted areas of biomedical research that leverage key and unique regional assets – especially in fields related to senior health/wellness and human performance for all ages. Building on existing and emerging centers of medical excellence in
these fields, the Tampa Bay region will develop high‐quality clinical trials and destination medicine. Complementary expertise in areas such as medical devices and instruments and health IT and
bioinformatics will be strengthened by capitalizing on not only life science capabilities, but also the region’s existing strengths in high‐tech manufacturing and business/financial services.


The goal for the High‐Tech Electronics & Instruments target sector is for the Tampa Bay region to become a national research and commercialization leader for technologies in the marine, medical, and defense/aerospace electronics and instruments niches. This sector focuses on research, design, and manufacturing of high‐tech components, electronics, instruments, and devices that serve a number of very different “user” industries – including medicine, defense/aerospace, and marine/environment – but that share a number of commonalities in terms of workforce/skill needs, technology/innovation approaches, manufacturing quality, and business processes. Moreover, products for all three niches have the shared requirements of high (near perfect) reliability in very extreme environments for the purpose of protecting against threats to or loss of life. Major areas of opportunity across the niches in this target sector include developments related to sensing, remote monitoring, wireless communications, and optical technologies, as well as the use of sensors and data/information processing capabilities to embed “intelligence” in specialized devices.


The Business, Financial, & Data Services sector in the Tampa Bay region is comprised of four key niches. The business process outsourcing (BPO) and shared services niche includes internalized shared centers or outsourced activities for a broad range of back‐office and non‐revenue generating processes, such as human resources, sales, marketing, customer service, payment services, finance/accounting, and administration. Financial transactions processing focuses on the provision of transactions processing, reserve and liquidity services, and check/clearinghouse services. Data centers, disaster recovery, and data management encompasses provision of technology infrastructure for consolidated storage, management, and back‐up of large data repositories. Health IT and bioinformatics covers electronic medical records and other uses of IT in the provision of medical and pharmaceutical services and conduct of biomedical research and drug discovery. The goal for the strategy and initiatives in the Business, Financial, & Data Services sector is for the Tampa Bay region to serve as the nation’s “go‐to” location for efficiency-creating, high value, and client‐sensitive services for businesses of all sizes.


The goal for the Marine & Environmental Activities target sector is to develop commercial and business applications that build upon existing and nascent strategic assets and research capabilities in the marine sciences and environment. Small, but high‐growth and high‐potential opportunities in the areas of inland aquaculture and bio-fuels will be pursued as emerging commercial and export opportunities for the region, and will also leverage regional geographic assets and agricultural legacy. The region will tap into and refocus its strong (but currently underutilized) construction and engineering expertise to pursue growing opportunities in energy conservation and efficiency projects and applications.

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