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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

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.


Board of county commissioners

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


Board of county commissioners

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.


Board of county commissioners

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


Board of county commissioners

Small Business Development Center

Strategic Tools Seminar Series Participants


Board of county commissioners

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


Board of county commissioners

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


Board of county commissioners

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.”


Board of county commissioners

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


Board of county commissioners

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


Board of county commissioners

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


Board of county commissioners

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.


Board of county commissioners

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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