Oshkosh Aviation Business Park UW Oshkosh Business Accelerator

1. Oshkosh Aviation Business Park UW Oshkosh Business Accelerator

2. A Little History • Idea of focusing on fostering growth in aviation related business • Diversify the economy • Niche market where we have significant supporting assets • EAA and AirVenture • AeroInnovate • Existing aviation businesses Sonex, Basler Turbo • Aviation education programming at UW Oshkosh and Fox Valley Technical College

3. Chamco Aviation Development Committee • Formed by Chamco in 2009 to champion aviation related economic development in our region • Representatives from Chamco, the County, the City of Oshkosh, Chamber, EAA, AeroInnovate, airport tenants, FVTC • Diversity in disciplines and background • Passion for the airport and aviation related economic development • Now doing double duty as Targeted Industries Study Aviation Working Group

4. AeroInnovate - What we do AeroInnovate helps aeroinnovators from across the globe who are starting and growing aero-related businesses and bringing related new technologies to the marketplace. Our goal is to facilitate the alignment of passionate, successful "investors" and industry leaders with the best aviation-related opportunities in the world to help get deals done.

5. AeroInnovate – How we do it • Workshops/Forums • Investor Roundtable • Pitch & Mingle • One-on-One Connections • Key Partnerships • Sikorsky Innovations • Defense Alliance • Rockford Area Aerospace Network • EAA • Canadian Consulate • Space Angels Network

6. Wisconsin Aerospace Consortium • Mission: To promote, stimulate and facilitate aerospace related education and economic opportunities , capabilities and activities in Wisconsin. • UW Oshkosh = Consortium Lead/Executive Office • Committee Work • Industry Awareness & Marketing • Education • Advocacy • Business Development • Entrepreneurship & Innovation

7. Shared Vision [is this fair to say?] • Winnebago County as the home of general aviation innovation in the United States • Centerpiece: Oshkosh Aviation Business Park First order of business: land purchase

8. Land Purchase • 80 acres for sale adjacent to the airport • Failed County Board vote • Historic partnership between city of Oshkosh and Winnebago County • Land purchased March 2013

9. Land Purchase and Development • Map, other details

10. Meanwhile • Donated building creates opportunity for incubator • Feasibility study done 2012 evaluates trends and best practices recommends developing a comprehensive business accelerator program with a dedicated support facility two options • Repurposed building • New building at proposed Aviation Business Park

11. Merged Project • Two objectives • Build an aviation business cluster • Foster business start ups and growth in • aviation related business but also • advanced manufacturing • advanced materials • information technology and • clean technology

12. Objective 1: Build an Aviation Business Cluster • First phase: 80 acre park dedicated to aviation related business only (200 acres planned) • Direct taxiway access to world class facilities at Wittman Regional Airport • National draw • Consistent with state-wide Aerospace Consortium efforts and WEDC priorities

13. Objective 2: Foster business startups and growth How can we can foster new business growth: • Provide new and growing businesses what they need to be successful • Accelerator program • Growth Management Academy concept (Targeted Industries Study)

14. Accelerators: Incubators on Steroids • Traditional incubator: low cost physical space, common area and shared services • Accelerator (TechStars model): • intensive mentoring, • seed financing, investor connections , and • low cost physical space and shared services • Accelerators are programs, not just buildings

15. Why an Accelerator? • Entrepreneurs create jobs: 2010 Kauffman Foundation Study • TechStars accelerator model has proven track record of success • Companies such as Johnson Controls, Harley-Davidson and Oshkosh Corporation were once start ups in Wisconsin

16. Why Here? • Fox Valley third largest population center in the state – no accelerator program • University of Wisconsin Oshkosh • Opportunity created by Aviation Business Park • Exploring relationship with Gener8tor – successful program in Southern WI • Other unique local resources • Angels on the Water • AeroInnovate/EAA/Wittman Regional Airport • Business Success Center

17. Accelerator Program • 13 week intensive mentoring program; 5-10 entrepreneurial opportunities per year • $15,000 in seed financing (5% equity stake) • Access to expertise of UW Oshkosh faculty and staff, successful entrepreneurs and business leaders • Access to UW Oshkosh student interns • Networking events • Physical space with support services

18. Support Facility • 20,000 sq ft facility • common area and services • capability to support light manufacturing • high end technology infrastructure • House accelerator program, accelerator graduates and other entrepreneurs, service providers to entrepreneurs and potentially corporate “skunk works”

19. Capital Costs and Sources – Joint Project • $11M project • With financial support from the city of Oshkosh, Winnebago County and the Economic Development Administration ($2M grant) • Pending DoD grant to support planning efforts • $2.75M in remaining financing needs

20. If We Do It Right • We will help businesses create jobs • UW Extension Economic Impact Study • TechStars results • Diversify our economy • Continue to build entrepreneurial ecosystem of NEW • Provide knowledge sharing opportunities for UW Oshkosh faculty and students • Attract more capital, entrepreneurs, faculty, students and businesses to our region and state

21. Project Timeline • October 2013-September 2014: accelerator planning, design and fundraising; aviation business park development planning • Summer 2014: Infrastructure for park put in place; marketing at AirVenture • Fall 2014: Test run of accelerator program sans facility; begin construction on support facility • Spring 2015: first accelerator class in support facility!

22. Project Working Groups • Chamco Aviation Development Committee • Accelerator • Resource Procurement • Program • Facility

23. Project Working Groups - Collaboration • City of Oshkosh • Winnebago County • University of Wisconsin Oshkosh • AeroInnovate • Chamco, Inc. • Fox Valley Technical College • Seeking more . . .

24. Go Titans! GO EDC! Thank you!