Update UCF Business Incubation Program UCF Venture Lab Dr. Tom O’Neal Associate VP for Research & Commercialization Executive Director, UCF Business Incubation Program UCFBIP’s Incubation Process
Dr. Svetlana Shtrom Director, UCF Venture Lab Gordon Hogan Director, UCF Business Incubation Program Carol Ann Dykes Site Manager, UCF Business Incubation Program UCFBIP’s Incubation Process
UCF Business Incubation Program Mission A university-driven community partnership providing early stage companies with the enabling tools, training and infrastructure to create financially stable high growth enterprises. UCFBIP’s Incubation Process
UCF Business Incubation Program 1999 One location and 6 clients in Central FL Research Park Today 9 locations in Metro Orlando • Central FL Research Park • UCF Campus • Orlando • Winter Springs • Sanford UCFBIP’s Incubation Process • Leesburg • St. Cloud • Kissimmee • Daytona Beach (opening soon)
UCF Business Incubation Program • 58 graduates • Nearly 100 clients • 1, 600+ new jobs • $59, 000 average salary UCFBIP’s Incubation Process
UCF Venture Lab Mission A university-community partnership providing early-stage entrepreneurs with experienced business coaches and services to assist in pre-business steps critical for the successful launch of technology firms UCFBIP’s Incubation Process
UCF Venture Lab • 150+ clients üUCF faculty üIncubator Clients üEntrepreneurs/companies from community • Support to local angel network Catapult Partners • Support in preparing 12 SBIR proposals UCFBIP’s Incubation Process
Growing Companies = Creating Jobs Robert Abascal, President A premier engineering company that exploits commercially developed technologies for new virtual training applications Clients include: • US ARMY • US Marine Corps • US Air Force • International Military Training Commands (UK and UAE) • Commercial Airlines UCFBIP’s Incubation Process
How We Were Helped • Flexible Office Space Leasing – Support growth needs: from 100 square feet to 6000 square feet – Professional appearance and legitimacy: A real business “home” • Heads up and Advice on myriad issues – – – Lunch and Learn sessions Professional Services vetting/referrals (Carol Ann Seal of Approval) Advisory services Seminars Networking (professional and social) UCFBIP’s Incubation Process
Growing Companies = Creating Jobs Alexei Glebov, CEO • A pioneer and leading manufacturer of ultra-narrow band optical filters based on holographic volume gratings in proprietary photosensitive glass material • Key Markets: optoelectronic OEMs, analytical instrumentation, defense, materials processing, pharma. • More than 300 customers on 5 continents and exports more than 60% (in 2010) • Some customers: Raytheon, Boeing, Horiba, Trumpf, Shimadzu, NASA, etc. UCFBIP’s Incubation Process
How We Were Helped • Incubator provided flexible space to accommodate growth requirements • Incubator and Technology Transfer provided business and legal expertise and support • Venture Lab helped with market research • Incubator and Venture Lab provided assistance with IP portfolio search and ongoing IP negotiations UCFBIP’s Incubation Process
Growing Companies = Creating Jobs Specializes in the creation and publication of educational curriculum materials, programs, and services to positively impact communities, families and individuals. CLIENTS INCLUDE: National Science Foundation Orange County Public Schools Seminole County Public Schools Los Angeles Unified School District UCFBIP’s Incubation Process
How We Were Helped • Staff Development ü Intern Recruitment ü Free Workshops for Team Training ü Sales Seminars by Experts • Strategic Planning ü Quarterly Success Planning Meetings ü Resources to Identify and Address Company Needs • Client Referrals ü Y. M. C. A. ü Seminole County Public Schools ü Political Officials • Professional Service Referrals ü CPA and Insurance Agent ü Website Designer UCFBIP’s Incubation Process
Growing Companies = Creating Jobs David Loeb, President • Market: Local government • Solution: Cloud Community Development Software o Featuring web-based permitting, code enforcement, development review & inspections • Deployments: o Brevard County o Charlotte County o City of Ocoee UCFBIP’s Incubation Process
How We Were Helped • Identified opportunity to replace obsolete software with subscriptions to modern cloud solutions – Incubator provided coaching on a consultative marketing program • Market assessment – Venture Lab study of market trends & packaging • Close coordination with UCF talent – CFRP location ideal for commercial, government & academic synergy • Coaching – Quarterly meetings focus on the strategic rather than the urgent – Best practice seminars: financial, legal, sales, marketing, HR, … • Networking – Incubator introduction to government & industry UCFBIP’s Incubation Process
Growing Companies = Creating Jobs Jason Goldberg, Founder / COO Ground. Flights alleviates stress and maximizes productivity by providing on-demand, door-to-door Corporate transportation throughout Florida. Our Mobile Executive Offices (MEOs) are specially designed and constructed Mercedes-Benz Sprinter Vans with all of the amenities of an executive office suite; driven by a trained, certified Ground. Pilot. Target markets are professional services firms, construction and public sector professionals who require business travel throughout the state of Florida. UCFBIP’s Incubation Process
How We Were Helped • Venture Lab assisted us with sales strategies and cold call script creation. • Venture lab helped us decide content for investor presentations. • Venture Lab provided extensive market research on Law Firms in Central Florida that may fit our core customer persona. • Venture Lab assisted in reviewing and modifying our financial models. • Incubator introduced us to David Stacey who joined our advisory board and provided financial oversight and expertise on raising capital. • Incubator provided us with strategic/tactical guidance, and office space in a well-managed facility with the ability to network with other clients. • Incubator workshop offerings helped us stay informed and aware of potential pitfalls and strategies for success. UCFBIP’s Incubation Process
Growing Companies = Creating Jobs JJM Environmental Solutions, Inc. Joseph J. Matulis, Founder/CEO • Patented fertilizer delivery invention for Horticulture plants & Agriculture crops. • Lawn care & landscape firms, golf courses, floraculture and food crop greenhouses, city & state municipalities, private and public recreational parks and athletic fields. UCFBIP’s Incubation Process
How We Were Helped • Updating and modifying our business plan to more effectively introduce our patented fertilizer delivery technology to prospective end users — lawn care, landscape, golf courses, etc. • The Venture Lab assisted in… ü Composing a fresh and focused White Paper ü Coaching to refine our presentation of the benefits and advantages of our innovative technology UCFBIP’s Incubation Process
Update UCF Business Incubation Program UCF Venture Lab Dr. Tom O’Neal Associate VP for Research & Commercialization Executive Director, UCF Business Incubation Program UCFBIP’s Incubation Process
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