Upload
votu
View
217
Download
1
Embed Size (px)
Citation preview
UCFBIP’s Incubation ProcessUCFBIP’s Incubation Process
Introduction to the UCFBIP
March 2, 2011
UCFBIP’s Incubation ProcessUCFBIP’s Incubation Process
UCFBIP
UCFBIP’s Mission Statement:
…. A University driven community partnership dedicated to providing early stage companies with the enabling tools, education, training, and infrastructure necessary to create financially stable,
high growth enterprises
UCFBIP’s Incubation Process
Being a part of UCFof
– UCF 2nd‐largest in the nation 56,000+ students
– $140 M+ in Research Expenditures
– UCF and the Central Florida Research Park
influence 45,000+ jobs
•Combined economic impact $3.5B+
UCFBIP’s Incubation Process
UCF Ranked 3rd in 2010 Patent Power
UCFBIP’s Incubation Process
Big Picture Goals• It’s all about Economic Development• Expand high impact industries• Engage universities in the community• Facilitate tech transfer, collaboration, and economic development
• Provide practitioner based business training, coaching, and mentoring support to:– growth potential start‐ups– university spin‐offs– existing companies, restarting– existing company with new project/product– SBIR / STTR start‐ups
UCFBIP’s Incubation Process
Funding for Labs
Technology and Graduates
Company
Incubation
Product
Research Park
Jobs
Taxes
World Class Researchers/Faculty
Incubators position in the economic pyramid
UCFBIP’s Incubation Process
Economic & Community Benefits
• Approximately 20 to 25 start‐up companies enroll in the UCFBIP/year < 5 client companies drop out of the UCFBIP/year (either voluntarily or they fail to continue meeting the requirements of the program).
• On average, clients remain in the incubator between 1‐3 years
before they are considered “ready” to graduate.
Source: REAL ESTATE RESEARCH CONSULTANTS, INC. report, Sept. 2009
UCFBIP’s Incubation Process
Economic & Community BenefitsReturn on Investment studies:
• In total, UCFBIP has facilitated the creation of over 1,600 jobsin the region (based upon the multiplier assumptions embodied within RIMS II). – These 1,653 jobs are responsible for more than $70,012,000
in earnings and nearly $200,000,000 in total annual economic output.
• For 2009, the UCFBIP will generate > $4.5 million in public revenues within Orange and Seminole counties, representing a return of $5.25 for every $1.00 invested by local governments
Source: REAL ESTATE RESEARCH CONSULTANTS, INC. report, Sept. 2009
UCFBIP’s Incubation Process
UCFBIP FY2010 Stats
FY2010: July 1, 2009 – June 30, 2010
– Admitted 45 new clients to the UCFBIP
– 2 clients licensed UCF technology
– Graduated 8 clients
UCFBIP’s Incubation Process
Economic & Community Benefits
• In a normal economic climate, 8‐10 companies graduate/year
from the UCFBIP
• According to surveys of graduate companies, at least 55 grants
totaling more than $33 million in SBIR/STTR funding have been
awarded to client and graduate companies of the UCF
incubators. Additionally > $50 million from other federal and
state grants that support on‐going technology development.
Source: REAL ESTATE RESEARCH CONSULTANTS, INC. report, Sept. 2009
UCFBIP’s Incubation Process11
Tom O’Neal –
Executive Director
Rafael Caamano
Site Manager, Kissimmee
Gordon Hogan –Director,Site Manager – Photonics & Sanford
Incubator
UCFBIP Management Team
Melissa Wasserman
Site Manager, Orlando
James Spencer
Site Manager, Leesburg
Carol Ann Dykes
Site Manager, Research Park
Esther Vargas‐Davis
Site Manager, Winter Springs
Henriette Schoen
Prog. Dev. Manager ORC
Jim Bowie
Site Manager, St Cloud
UCFBIP’s Incubation Process
Facts about IncubationSmart place to start:• Increase chances of success
– 87 % of incubator graduates still in business 5 years later (NBIA survey)
• Home grown companies– 84 % of graduates stay in the community they were incubated in (NBIA survey)
• Good investment for you and your company– Low cost per job– generates more tax revenue than it costs
UCFBIP’s Incubation Process13
… do foolish things and act impulsively.
They often don’t know any better.
Startup companies are prone to …
UCFBIP’s Incubation Process14
Startup Graduation
•The direction the company is headed is more important
than how it’ll get there.
•It’s a messy business
An Unknown Path to Success
UCFBIP’s Incubation Process15
•A startup’s needs are greatest at its inception.
•Successfully managed companies grow up and require
less help from incubator management.
Company’s Needs Decrease as It Grows
UCFBIP’s Incubation Process
Highlights about UCFBIP• Opened in December, 1999, as the UCF Technology Incubator.
• The Incubator Program received in 2004 the National Business Incubation Association Yearly award as best incubator in the USA/world
Recent
• Opened St. Cloud site April 28, 2010
• Expansion of the Sanford site with 1,950 Sq. Feet ‐ Opening June 10, 2010
• Facilities in total cover +133,650 sq. feet
• Opening incubator in Volusia County ‐ the Daytona Airport Incubator inSummer 2011
UCFBIP’s Incubation Process
Companies currently serving as of today 93Companies graduated 54, 49 still in RegionCompanies assisted in total >160Jobs created > 1600Average salary $60,000Investment raised $190 MGenerated revenue > $500MPatents held by UCFBIP clients >286Copyrights held by UCFBIP clients >75Trademarks held by UCFBIP clients >47Trade secrets held by UCFBIP clients >64
Current results from the UCFBIP Clients
UCFBIP’s Incubation Process
• Marketing• Sales• Distribution• Financial• Technical• IP• Cash• Management• Manufacturing• Contacts
Focus
Tactics
Strategy
Connectivity
New Client
Identify and strengthen the weak spots
Add Value
Graduate companies poised for success
Incubator staff
Community political support
Technical expertise
Business expertise
Networking
Regional professional service providers
University resources
• Marketing• Sales• Distribution• Financial• Technical• IP• Cash• Management• Manufacturing• Contacts
What does the UCFBIP do?
UCFBIP’s Incubation Process
• Flexible lease• On‐site business coaching and mentoring• Shared resources
– Reception, conference rooms, business library, high speed internet access, work/break rooms, office equipment
• Become a part of the UCFBIP Network• Close proximity to UCF professors and the UCF Campus/Expertise
• Access to interns and graduate student support• Access to community leaders and an exceptional advisory board
Services UCFBIP Provide
UCFBIP’s Incubation Process
Incubation Programs webpage ‐ www.incubator.ucf.edu
Clients get visibility here on frontpage
Application for clients and partners for the UCFBIP here
Events listed: • UCFBIP,• Community • UCF
UCFBIP’s Incubation Process
The Incubator’s Overriding Goal
The incubator should principally be guiding and assisting
your client companies, not running their business or doing
things they can do for themselves.
The incubator’s central goal should be helping startup
companies to become more self‐sufficient and financially
viable.
UCFBIP’s Incubation Process
The primary responsibility is to help the
client companies become successful
Daily manage the actual facility
Help the clients with their upcoming questions
Assist them with business connections/network
Introduce them to all the advantages of
being part of the UCFBIP
The Site Managers Role
UCFBIP’s Incubation Process
Site Manager –Carol Ann Dykes
$23/sq. feet
Central Florida Research ParkRene AyalaAdministrative
Assistant
Roy McCaw
Facilities Manager
Jessey Schmidt
Client Administrator
UCFBIP’s Incubation Process
UCF Business Incubator – Daytona Airport
Premier Funding source
Site Manager – TBD
Daytona Airport – Opening Summer 2011
UCFBIP’s Incubation Process
UCF Business Incubator –Kissimmee
Program Assistant –
Pamela Turlington
Kissimmee
Site Manager –Rafael Caamano
UCFBIP’s Incubation Process
UCF Business Incubator – Leesburg
Site Manager – James Spencer
Leesburg
Program Assistant‐Theresa Davis
UCFBIP’s Incubation Process
Formerly the Orlando Business Development Center/District 2 –Now named the UCF Business Incubator ‐ Orlando
Orlando
Site Manager –Melissa Wasserman
Maria Rodriguez‐Facilities Scheduler
UCFBIP’s Incubation Process
UCF Business Incubator ‐ Photonics
Site Manager – Gordon Hogan
Photonics UCF Campus
UCFBIP’s Incubation Process
UCF Business Incubator ‐ Sanford
Sanford
Site Manager –Gordon Hogan
Program Assistant –Peggy Allen
UCFBIP’s Incubation Process
Brothers Manufacturing Group
UCF Business Incubator ‐ Sanford9 Current Clients
http://www.youtube.com/watch?v=J1VbH4Y3LNE&feature=player_embedded
http://www.youtube.com/watch?v=-h4CaBd7Afc&feature=related
UCFBIP’s Incubation Process
UCF Business Incubator – St. Cloud
Site Manager
Jim Bowie
St. Cloud
Program Assistant
Jessica Filter
UCFBIP’s Incubation Process
UCF Business Incubator ‐Winter Springs
Site Manager –
Esther Vargas‐Davis
Winter Springs
Interim Program Assistant –Marcia Montes
UCFBIP’s Incubation Process
UCFBIP Total Sq. Feet CoveredSite Name Sq. FeetResearch Park 56,000Leesburg 4,000Orlando 6,000Photonics 21,000Sanford 5,850St. Cloud 14,000Winter Springs 10,800Kissimmee 8,000Daytona Airport 8,000
Total 133,650
UCFBIP’s Incubation Process
How to join the UCFBIP• Participation and satisfactory passing of
UCFBIP’s Certificate in Entrepreneurship called“Excellence in Entrepreneurship” 7 sessions of 3 hours ending with client presentations.
• Formal application– Application– Interview– Require a business plan– Usually require full time commitment
• When accepted to the program – to be considered an active client in our program, it is required that the client attend
6 educational sessions/workshops pr. year
UCFBIP’s Incubation Process
Incubation Programs webpage ‐ www.incubator.ucf.edu
UCFBIP’s Incubation Process
The official UCFBIP Requirements
UCFBIP’s Incubation Process
UCFBIP facilities in following counties
UCF’s service area: + =11 counties
UCFBIP’s current service area: 5 counties =
UCFBIP’s Incubation Process
LocalGovernment‐ Development
Board
Center for Entrepreneurship
and Innovation (CEI)
IndustryLeaders
DisneyEntrepreneur
Center
Entrepreneurship in Central FloridaEntrepreneurship in Central Florida
UniversityResearch &
Commercialization
IncubationProgram
VentureLab
DisneyEntrepreneur
Center
Programs and Partnerships
UCFBIP’s Incubation Process
Innovation Support Infrastructure OfferedCenter for Entrepreneurship & Innovation (CEI)
UCF Venture Lab (VL)
Technology Transfer office (TTO)
GrowFL
UCF Office of Research & Commercialization (ORC)
UCF Business Incubation Program (UCFBIP)
Central Florida Research Park (CFRP)
Small Business Development Center (SBDC)
National Collegiate Inventors & Innovators Alliance (NCIIA)
Disney Entrepreneur Center (DEC)
Florida High Tech Corridor Council (FHTCC)
Metro Orlando Economic Development Commission (Metro EDC)
Orlando Inc.
UCFBIP’s Incubation Process
Central Florida Entrepreneurial Environment
1998
Corporate Community
Education
Local Community Partners
New technology
Management talentNew Startups & Spinoffs
Partnerships
StudentsFaculty
Large corporations, government agencies
Local Government
Economic Development organizations
Community colleges
Service providers
Entrepreneurs
Workforce
Central Florida Research Park
SBDC
UCFBIP’s Incubation Process
Central Florida Entrepreneurial EcosystemToday
Corporate Community
Education•UCF, Rollins College•Valencia, Full Sail and others
Central Florida Research Park
Local Community Partners
New technology
Management talentNew Startups & Spinoffs
Partnerships
StudentsFaculty
Large corporations, government agencies Center for
Entrepreneurship & Innovation
Sponsored research
UCF Venture Lab
University Economic Development
Investment funds (angel, seed, mezzanine)
Local Government
Economic Development organizations
Community colleges
Florida High Tech Corridor
Community‐based startups
UCF spinouts
Disney Entrepreneur Center
SBDC
Technology transferService providers
Angel investors
Education, counseling
Entrepreneurs
Workforce
Incubator and Venture Lab Graduates
Center for Economic Competitiveness
GrowFL
What Clientsbecome a part of by joining the UCFBIP
UCFBIP’s Incubation Process
Take Aways
• It’s a community effort
– With a lot of Funding Partners
• Work together to figure out the big picture
• Manage expectations
• Find the “right type” to be site manager
• Need to continually educate and inform the
community
UCFBIP’s Incubation Process
UCFBIP Funding Partnerships
UCFBIP’s Incubation Process
Take Aways about the UCFBIP model
• Incubation is an Economic Development Investment tool
• Requires long term funding commitment ‐min. 3‐5 years
• Companies normally require 3‐5 years to create jobs
• The UCFBIP/the individual incubator will never be self‐sustaining
UCFBIP’s Incubation Process45
More info
• About UCFBIP – UCF TV “Zenith” features a client company “Mydea Technologies” and the new UCFBIP COO, Gordon Hogan and the Incubation Program
– http://www.youtube.com/watch?v=sLVMvVUSG2E&NR=1
Mydea Technologies is a specialist in
rapid prototyping services and design