UCFBIP for Inspirational class 2011

UCFBIP for Inspirational class 2011 - Introduction to the...

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UCFBIP’s Incubation Process UCFBIP’s Incubation Process Introduction to the UCFBIP March 2, 2011
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UCFBIP’s Incubation Process UCFBIP’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
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UCFBIP’s Incubation Process Being a part of UCF of 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+
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UCFBIP’s Incubation Process UCF Ranked 3rd in 2010 Patent Power
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UCFBIP’s Incubation Process Big Picture Goals It’s all about Economic Development •E xpand high impact industries •Engage universities in the community • Facilitate tech transfer, collaboration, and economic development •P ro v ide practitioner based business training, coaching, and mentoring support to: –g r ow t h potential start ups – university spin offs – existing companies, restarting – existing company with new project/product –S B I R / STTR start ups
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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
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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). •O n 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
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UCFBIP’s Incubation Process Economic & Community Benefits Return on Investment studies: •I n total, UCFBIP has facilitated the creation of over 1,600 jobs in the region (based upon the multiplier assumptions embodied within RIMS II). –T h e s e 1,653 jobs are responsible for more than $70,012,000 in earnings and nearly $200,000,000 in total annual economic output. •F o r 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
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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
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UCFBIP’s Incubation Process Economic & Community Benefits •I n 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.
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UCFBIP for Inspirational class 2011 - Introduction to the...

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