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Board of County Commissioners. Discussion Agenda Item A.1 August 23, 2011 Approval to process payments budgeted in FY 2011 for Orange County/UCF economic development programs. Orange County/UCF Programs. UCF Institute for Economic Competitiveness UCF Small Business Development Center

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Board of County Commissioners

Discussion Agenda Item A.1

August 23, 2011

Approval to process payments

budgeted in FY 2011 for

Orange County/UCF economic development programs.


Orange County/UCF Programs

  • UCF Institute for Economic Competitiveness

  • UCF Small Business Development Center

  • UCF Small Business Advisory Board Council

  • UCF Business Incubator – Central Florida Research Park

  • UCF Venture Lab


Convergence a Decade Ago

Metro Orlando Technology Strategy

September 11, 2001

Two county economic stimulus packages

Widespread acceptance: innovation and entrepreneurship are the keys to economic success.


Institute for Economic Competitiveness

  • Goal: Top 10 regional economic research centers

  • Metro, Florida & U.S. Forecasts

  • Dr. Sean Snaith

  • our own “Go To” expert

  • 120 presentations

  • Orange County Jobs Summits

Sean Snaith on CNBC Squak Box


Small Business Development Center

Strategic Tools Seminar Series Participants


Small Business Development Center

Success Story

  • Fernando Pereira

  • Pegasus Transportation

  • Participated in very first Strategic Planning seminar in 2002

  • Started with one van , one driver, 100 sf

  • Today: 65 employees, 20 coach buses, 3000 sf office, and 3600 sf shop

  • 2011 SBA Small Business of Year – North FL District


UCF Advisory Board Council Program

  • No cost, custom-fit advisory boards

  • Over 450 professionals assisted 125+ companies

  • 30 active advisory boards involving 266 volunteers

  • $64+ million increase in sales by ABC clients

  • 1800+ jobs retained/created

  • $14+ million in new capital investment

  • $54 million in government contracts

  • In 2010, ABC clients named to Inc 500 & Inc 5000 lists of the nation’s fastest growing companies


UCF Advisory Board Council Program

Success Story

  • Contech Restoration in Winter Garden

  • 2008: 40 employees

  • 2009: 29 employees

  • 2011: 78 employees

  • Revenues 2009-2010 up 114%

  • “We have been thriving during the recession. Because of our Advisory Board, we are better prepared to hand off our company to our children and key executives.”


UCF Business Incubator - CFRP

  • University –driven community partnership

  • Provides early-stage technology companies with tools, training, and infrastructure to become successful

  • Helped 160+ companies create $800+ million in annual revenue and 1600 jobs with average salary of $59,000

  • Currently 49 companies in CFRP Incubator with 301 employees, up from 240 at start of 2011


UCF Business Incubator - CFRP

Success Story

  • Founded by UCF doctoral graduate David Rogers

  • Exclusive agreement with McGraw Hill to create the UCF Digital Press

  • Students can download textbooks

  • Hired key people and is up to 10 employees

Iphone coaching app

Dr. Jonathan Kibble

UCF Medical School


UCF Orange County Venture Lab

  • Joint venture of Orange County and UCF.

  • Sole mission is to nurture new tech spinoffs from UCF, or tech startups with potential of hiring UCF graduates

  • Venture Lab has advised over 150 incubator clients and 11 UCF faculty members

  • Currently assisting 26 clients employing 181 people


UCF Orange County Venture Lab

Success Story

  • VaxDesign Corp.

  • Designs, develops & manufacturers invitro models of the immune system

  • VL provided sales coaching, market & industry research, and guidance on grant funding.

  • Sanofi Pasteur acquired VaxDesign Corp. in 2010 for $60 million. Now Sanofi Pasteur VaxDesign Corp.


BCC Action Requested

Approval to process payments budgeted in FY 2011 for Orange County/UCF economic development programs in the following amounts:

$200,000 to the UCF Institute for Economic Competitiveness

$100,000 to the UCF Small Business Development Center

$100,000 to the UCF Small Business Advisory Board Council Program

$125,000 to the UCF Business Incubator – Central Florida Research Park

$125,000 to the UCF Venture Lab


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