Aerospace Industry

Created new Section 331.372 establishing the International Aerospace Innovation Fund with specific duties to develop partnerships, drive innovation in aerospace technologies, and attract global investment.

Authorized multiple funding sources including state appropriations, Florida Opportunity Fund investments, private sector matching funds, and international co-funding arrangements.

Established eligibility criteria requiring projects to involve Florida-based aerospace companies partnering with international entities, universities, space agencies, or research institutes, with demonstrated commercialization potential.

Added requirement for Space Florida to establish an expert panel to competitively evaluate and recommend funded projects based on merit.

Added authority for Space Florida to negotiate bilateral agreements covering co-funding commitments, intellectual property rights, and collaboration terms with countries having robust aerospace sectors.

Minor formatting and cross-reference adjustments to existing sections 331.3051 and 331.310 to accommodate the new fund provisions.