USF just hit $750M in research funding; here’s why it matters

USF’s record $750 million in research funding marks a major milestone for Tampa Bay’s innovation economy.

The University of South Florida has reached a new milestone in research funding, securing a record $750 million in fiscal year 2025.

The achievement marks an $11.6 million increase over last year and a 37% jump since 2022, positioning USF among the nation’s fastest growing public research institutions.

University leaders say the surge reflects USF’s expanding influence across industries vital to Florida’s future, including healthcare, artificial intelligence, environmental resilience and cybersecurity.

READ: Hooters Clearwater-based founders regain full ownership of brand

“The University of South Florida is committed to solving real-world challenges, and our record research funding brings us closer to our goal of $1 billion by 2030,” said USF President Rhea Law. “Our world-class researchers remain at the forefront of discoveries that are improving lives and shaping a better future for our region, state and nation.”

Industry and federal investments

USF reported an all-time high of $284 million in funding from 733 private and industry partners, a 17% increase over the previous year.

Among the most notable collaborations, the USF Institute of Applied Engineering partnered with Washington D.C.-based Rhea Space Activity to provide flight safety testing for a sensor designed for space travel.

READ: Florida SNAP crisis grows as Tampa’s Metro Ministries ‘doubles down’

“From on-demand troubleshooting to design for space consulting, our staff enabled rapid technology developers to flourish,” said Taylor Johnston, chief operating officer for the Institute of Applied Engineering.

Federal agencies remain a core driver of the university’s research portfolio, investing $384 million in projects spanning workforce development, AI and cybersecurity.

The National Science Foundation is funding work by Professors Yao Liu and Tempesst Neal of USF’s Bellini College of Artificial Intelligence, Cybersecurity and Computing, who are studying how cyberattacks exploit Wi-Fi localization systems in GPS maps.

In another major project, the National Institutes of Health awarded Professor Yael Bensoussan $4.2 million for research using AI-enabled voice analysis to detect disease.

“We are grateful for the support of our state and federal partners, which empowers our faculty to conduct groundbreaking research that addresses critical challenges in our communities and beyond,” said USF Provost and Executive Vice President Prasant Mohapatra.

State support and sector strength

State and local government funding rose 23% to $82 million, backing initiatives in health care, education and environmental science.

Notable programs include the new Florida Center for Emergency Medical Services in downtown Tampa, the Florida Flood Hub for Applied Research and Innovation, and a statewide literacy initiative led by USF’s Institute for School-Community Partnership.

USF Health’s Morsani College of Medicine accounted for the majority of the university’s total funding, with $483 million, representing 64% of USF’s research portfolio.

READ: Florida grants millions to Johns Hopkins All Children’s for pediatric cancer research

The College of Marine Science experienced the fastest growth, with a 27% increase in funding to $23 million.

“This record-breaking year reflects the extraordinary dedication of our researchers and our partnerships across sectors,” said Sylvia Wilson Thomas, vice president for research and innovation. “We are accelerating innovation, translating discoveries into real-world solutions and expanding USF’s impact across sectors critical to Florida’s future.”

Why it matters

With more than 50,000 students and an annual economic impact exceeding $6 billion, USF continues to emerge as one of Florida’s most influential research hubs.

Ranked among the nation’s top 50 public universities by U.S. News & World Report, USF is also a top 20 public university for producing U.S. patents.

The university’s growing research base strengthens Tampa Bay’s role in high-tech innovation, health sciences and marine research, fueling collaboration across academia, government, and private enterprise.

Stay Connected

Sign up for TBBW’s newsletter

Follow TBBW on social media

Read more TBBW stories

You May Also Like
UTampa to build new Science Center along Hillsborough River

UTampa will begin construction on a new Science Center along the Hillsborough River this spring.

Read More
Rendering of the University of Tampa’s planned Science Center along the Hillsborough River.
Delta plans larger Sky Club at Tampa airport

Delta plans to relocate and expand its Sky Club at Tampa International Airport in 2028.

Read More
Delta Sky Club food service area with chefs serving guests at an airport lounge
Blake outlines office execution plan in Gas Plant bid

Blake Investment Partners details its office delivery plan for the Historic Gas Plant District.

Read More
Conceptual rendering of a mixed-use office development proposed for the Historic Gas Plant District in St. Petersburg.
Wing It On! to open first Tampa location amid Florida push

Wing It On! will open its first Tampa location in 2026 as Florida franchise growth accelerates.

Read More
Wing It On! showcases its signature buffalo wings, seasoned fries and dipping sauce ahead of its first Tampa franchise opening.
Other Posts
ASH on Water Street finds its voice with chef Seth Temple

ASH on Water Street enters a confident new chapter under chef Seth Temple.

Read More
Dining room at ASH on Water Street filled with guests as the restaurant settles into its identity
NYCFC names Visit Tampa Bay as official tourism partner

NYCFC names Visit Tampa Bay a tourism partner as preseason training begins in Florida.

Read More
New York City FC players train during preseason practice in Tampa as part of a new tourism partnership with Visit Tampa Bay.
Hotel ORA is approaching a new pricing phase

Hotel ORA is nearing a pricing inflection point as financing milestones shift leverage from sales velocity to long-term control in downtown Tampa.

Read More
Luxury hotel suite rendering at Hotel ORA with floor-to-ceiling windows overlooking downtown Tampa at dusk.
Pinellas tourism hits $10B impact, funds $153M projects

Tourism continues to anchor Pinellas County’s economy, generating more than $10 billion in economic impact in 2025 while supporting roughly 100,000 jobs across hospitality, retail, transportation and related sectors. Beyond visitor spending, tourism is also driving significant reinvestment back into the county. In 2025, tourism-generated dollars returned nearly $155 million directly into Pinellas County communities,

Read More
Aerial view of downtown St. Petersburg showing waterfront, high-rise buildings and marina, highlighting how tourism dollars support local infrastructure and growth.