The Florida Venture Capital Program (FLVCP) provides direct investments to increase capital available to small businesses with an emphasis placed on investment opportunities within the State of Florida’s targeted industries. In connection with the Small Business Jobs Act of 2010 and the State Small Business Credit Initiative, the FLVCP was funded with approximately $42 million. 

Launched in 2008, the Fund of Funds (FoF) Program was created to realize significant long-term capital appreciation by identifying and investing in a diversified, high-quality portfolio of venture capital funds that target (in whole or in part) investment opportunities within Florida.

The State of Florida provided $29.5 million to initially capitalize the Fund of Funds Program.

The Clean Energy Investment Program (CEIP) was created to promote energy efficient or renewable energy (EE/RE) products and technologies in Florida by providing funding to businesses to increase the use of EE/RE technologies, equipment, and materials in the State. The Florida Energy and Climate Commission provided approximately $36 million to capitalize the CEIP from funding received through the American Recovery and Reinvestment Act. 

The American Rescue Plan Act of 2021 (ARPA) reauthorized and amended the Small Business Jobs Act of 2010, and as part of subsequent agreements with the State, the Equity Capital Program (ECP) was funded with approximately $30 million in late FY 2023. The ECP provides direct investments to increase capital available to small businesses, with an emphasis on Economically Disadvantaged Businesses (SEDI) and Very Small Businesses (VSB) within the State of Florida’s targeted industries.