HomeMy WebLinkAbout2024 07 15 Awards and Presentation 101 UCF Incubation ProgramAWARDS AND PRESENTATIONS ITEM 101
CITY COMMISSION AGENDA | JULY 15, 2024 REGULAR MEETING
TITLE
UCF Business Incubation Program Winter Springs Semi-Annual Update
SUMMARY
The UCF Business Incubation Program staff is advising the City Commission with an
update.
FUNDING SOURCE
RECOMMENDATION
No action required.
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UCF BUSINESS INCUBATION
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For 24 years we have been helping early stage,
scalable companies unleash their potential!
MENTORSHIP BUSINESS
DEVELOPMENT
BUSINESS
OPERATIONS
CAPITAL &
COMMUNITY
CONNECTIONS
LEADERSHIP
DEVELOPMENT
LABS & OFFICE
SPACES
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V ol usia
SERVICES 9 LOCATIONS
E u s t i s
V o l u s i a
W i n t e r S p r i n g s
R e s e a r c h P a r k
P h o t o n i c s
O r l a n d o
D o w n t o w n
L a k e N o n a
K i s s i m m e e
Locations
C l u s t e r l o c a t i o n s a r e c o l o r e d i n g r e e n
D e f e n s e , s i m u l a t i o n , c y b e r , p h o t o n i c s , s p a c e , e n e r g y , r o b o t i c s , A i ,
V R /A R , G a m e D e v , S m a r t C i t y , F i n t e c h , L i f e S c i e n c e , H e a l t h c a r e ,
D i g i t a l M e d i c a l T o o l s , H u m a n P e r f o r m a n c e , a m o n g o t h e r s .
1st Customer Program
Business Networking
Media Support
Market Research Business Development
Training/
Leadership Development Connections
Mentorship/Coaching
Programing
Spacialized /Office Space
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U C F B U S I N E S S I N C U B A T I O N P R O G R A M
P R O G R A M T R A C K
T h i s p r o g r a m s u p p o r t t h e e x p a n s i o n
f o r s u c c e s s f u l t e c h n o l o g y /i n d u s t r y
c l u s t e r c o m p a n i e s h e a d q u a r t e r e d
o u t s i d e o f F l o r i d a o r t h e C e n t r a l
F l o r i d a R e g i o n .
S O F T L A N D I N G
T h i s p r o g r a m h e l p b u s i n e s s e s t o
d e v e l o p t h e s t r a t e g y , i n f r a s t r u c t u r e ,
a n d c a p i t a l t o s c a l e .
G R O W T H
H e l p b u s i n e s s o p e r a t i o n s a n d
h e l p t o d e v e l o p a g o -t o -m a r k e t
s t r a t e g y t o b e g i n b u i l d i n g
c u s t o m e r b a s e .
T R A C T I O N
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A T L A N T I C
O C E A N P A C I F I C
O C E A N
I N D I A N
O C E A N
U k r a i n e - 2
G e r m a n y - 1
U n i t e d K i n g d o m - 5
V i r g i n i a -2
B r a z i l - 2
2 4 C o m p a n i e s i n t h e P r o g r a m
O h i o - 1
C o l o m b i a - 2
T e x a s -1
C a l i f o r n i a -3
A r i z o n a - 1
N e w J e r s e y - 1
G e o r g i a -1
S o u t h C a r o l i n a -1
N o r t h C a r o l i n a -1
F o r t L a u d e r d a l e -1
D e f e n s e , L i f e S c i e n c e , T r a i n i n g S i m u l a t i o n , E n e r g y ,
S o f t w a r e , M a r i n e T e c h n o l o g y , E V B a t t e r i e s ,
P h o t o n i c s & O p t i c s , a m o n g o t h e r s ...
Soft-Landing Program
Q1 - 2023-2024
T a r g e t e d R e g i o n s
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Key
Criteria
Companies
Headquartered
Outside Central
Florida
At Least One Full-Time
Executive or Management
Team Member Operating
from Central Florida
Companies that operate
within the realm of
innovative technology or
boast scalable business
models
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Why Incubators?
E c o n o m i c D e v e l o p m e n t : I n c u b a t o r s t i m u l a t e l o c a l e c o n o m i e s b y c r e a t i n g a n d h e l p i n g s u s t a i n j o b s , n e w
b u s i n e s s e s t h a t c o n t r i b u t e t o t h e e c o n o m i c g r o w t h o f t h e e c o n o m y . W i n t e r S p r i n g s D i r e c t I m p a c t 2 0 2 3 -$3 0 M
S u p p o r t f o r S t a r t u p s : I n c u b a t o r p r o v i d e c r i t i c a l s u p p o r t w h i c h s i g n i f i c a n t l y i n c r e a s e s t h e i r c h a n c e s o f s u c c e s s .
W i n t e r S p r i n g s 3 5 0 + h o u r s o f d i r e c t b u s i n e s s c o a c h i n g & c o n s u l t i n g s u p p o r t - 2 0 2 3
I n n o v a t i o n a n d T e c h n o l o g y A d v a n c e m e n t : I n c u b a t o r s f o s t e r i n n o v a t i o n b y p r o v i d i n g a n e n v i r o n m e n t f o r t h e
d e v e l o p m e n t o f t e c h n o l o g i e s a n d i n n o v a t i v e s o l u t i o n s . W i n t e r S p r i n g s - L i f e B r i d g e , T i m e p l a s t , F r e s h o r i z e ,
P r o g r a m W o r k s , D i c a p t a a m o n g o t h e r s .
A t t r a c t i n g I n v e s t m e n t s : I n c u b a t o r a t t r a c t i n v e s t m e n t t o t h e c o m m u n i t y b y s h o w c a s i n g a p i p e l i n e o f p r o m i s i n g
s t a r t u p s t o i n v e s t o r s . W i n t e r S p r i n g s C l i e n t s A t t r a c t e d -2 0 2 3 - $9 M i n C a p i t a l I n v e s t m e n t s
P r o m o t i n g L o c a l T a l e n t : I n c u b a t o r s e n c o u r a g e l o c a l t a l e n t t o s t a y w i t h i n t h e c o m m u n i t y b y o f f e r i n g o p p o r t u n i t i e s
a n d r e s o u r c e s t h a t m i g h t o t h e r w i s e o n l y b e a v a i l a b l e i n l a r g e r c i t i e s . W i n t e r S p r i n g s - E p i c E n g i n e e r i n g , S p o r t C a s t ,
H o v e r f l y , E c h o E n g , a n d o t h e r s ...
R e d u c i n g B u s i n e s s F a i l u r e R a t e s : B y p r o v i d i n g s t r u c t u r e d s u p p o r t a n d r e s o u r c e s , i n c u b a t o r s h e l p r e d u c e t h e h i g h
f a i l u r e r a t e s t y p i c a l l y a s s o c i a t e d w i t h n e w b u s i n e s s e s . A 2 0 1 0 s t u d y f r o m t h e N a t i o n a l B u s i n e s s I n c u b a t i o n
A s s o c i a t i o n (N B I A ) f o u n d t h a t i n c u b a t e d c o m p a n i e s h a d a n 8 7 p e r c e n t s u c c e s s r a t e —a b o u t d o u b l e t h e r a t e o f
n o n -i n c u b a t e d b u s i n e s s e s . A U K s t u d y f r o m 2 0 1 4 f o u n d t h a t 9 2 p e r c e n t o f i n c u b a t e d b u s i n e s s e s w e r e
s u c c e s s f u l .
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WHAT TO EXPECT FOR 2024-2025
C o n t i n u e t o g r o w t h e S o f t -l a n d i n g e f f o r t s a l o n g w i t h S e m i n o l e S t a t e a n d
S e m i n o l e C o u n t y .
D e p l o y C o m m u n i t y W o r k s h o p S e r i e s d u r i n g t h e F a l l a n d S p r i n g 2 0 2 4 -2 0 2 5 .
A s s i s t 2 c l i e n t s i n i d e n t i f y i n g l o c a t i o n s a s t h e y a r e g e t t i n g c l o s e r t o g r a d u a t i o n .
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Conclusion
For the City For the County For the Region
Economic Growth
Innovation Hub
Community Development
Resource Optimization
Regional Competitiveness
Sustainable Growth
The Value of the UCF Business Incubation Program
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T h a n k Y o u !
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