University of Central Florida Business Incubation Program is a network of eight incubators which support and unite innovators and entrepreneurs from the region's universities and communities.

1. Economic Diversity and Inclusivity
University of Central Florida Business Incubation Program (UCF BIP)
Dr. Thomas O’Neal
Associate Vice President, Innovation and Entrepreneurship

2. The Problem: Historic Key Industries
Avionics/Aerospace
 Reductions in Defense
Spending
 NASA/Space Shuttle
Program – Accidents and
Retirements
Tourism & Hospitality
 Seasonal Fluctuations
 Weather Impacts
 Recessions
 9/11:
• Hotel Residency: - 66%
• Resort Taxes: - 26%
• Total Visitors: - 2.7 Million
Citrus & Agriculture
Orange County produced 95% less
Citrus in 1990 than in 1970
 Weather Impacts
 Disease/Pests
Central Florida is the only community in America where the majority of jobs — yes, the majority — pay less than $30,000 a
year. Nearly 40 percent paid less than $25,000. Perhaps even more striking, according to statistics from Orlando Sentinel:
Central Florida ranks No. 1 for jobs that pay $20,000 — with 25 percent of our jobs paying $20,220 or less.

3. The Solution
Diversified, Inclusive, Entrepreneurial Ecosystem
 Partnerships
- Government
- Industry
- Academic
 Diversity
- Mixed-Use and Industry Specific
- Multiple Industries
- Technology and Professional
 Inclusivity
- MOUs with Puerto Rico
- Women, Minority, Veteran-Owned:
• 45% of Current Companies
• 30% Graduate Companies
Florida’s only Soft Landing program
Intellectual
Capital
Talent
Pool
Resource
Providers/
Support
Advocates &
Champions
Financial
Capital
The Catalyst for Central Florida’s
Entrepreneurial Ecosystem

4. The Differentiator
Multiple Cities, Multiple Backgrounds, One Community
 Business Incubation Network
• Nine Incubator Locations
• Kissimmee to Daytona Beach
• Diversified Businesses and
Communities
 Regional Partnerships
 Ecosystem Integration
 Regional Economic Prosperity
• Equality and Diversification
 Track Record of Success
• 84% in Business After Five Years
 Incubator Expansion
• Communities, Industries and
Specializations

5. Why Create an Innovation-Based Economy?
 Foster economic prosperity with evidenced
ROI through creation of high-wage jobs and
generation of revenue
 Diversify regional economy and decrease
dependence on external resources to eliminate
risk of complete economic collapse
 Facilitate smarter, faster, organic growth by
addressing gaps in entrepreneurial support
 Maximize business retention – companies that
grow here, stay here
 Leverage the strength and creativity that
springs from diversity
Ability to … Innovative
Ecosystems Have…
 125 percent higher employment growth
 58 percent higher wage growth
 109 percent higher productivity
Real job growth is created
organically through entrepreneurs
and rare business leaders.” – Jim
Clifton, The Coming Jobs War

6. Building a Strong Community
From July 1, 2014 to June 30, 2016 alone, the UCF BIP:
 Sustained 4,710 jobs
 Carried impact of over $2.5 billion
• $1 of public investment = est. $7 in regional GDP
 Delivered an estimated $7.41 in returned taxes
 Generated a total of $58 million in SBIR awards for clients
Approximately 90% of UCF BIP's graduating companies
remain in Central Florida

7. Opportunity for Everyone
UCF BIP Received an “Outstanding
Diversity Helping Hand” Award as
part of the Orlando Business Journal’s
Inaugural “2018 Diversity in
Business” Award Program
Diversity and Inclusivity
Client Companies
Women, Minority, Veteran-Owned
• 45% of Current Companies
• 30% Graduate Companies
Staff
• 58% Women
• 42% Minorities
• 21% Veterans
Communities
South of Disney to Daytona Beach
• 13% University Spinouts
• 87% Community Entrepreneurs

8. Helping Our Heroes
Veteran Entrepreneurship Initiative
 Kauffman FastTrac New Venture Veteran
Entrepreneur Course
• UCF BIP Piloted the Program in 2013
• Now Taught on U.S. Military Bases Globally
 Veteran’s Florida 2017-18 Cohort
• 44 Entrepreneur and Small Business Participants
• 15 Advanced Course Participants
• Immediate Impact:
 79% Launched a New Venture
 $578,592 in Revenue
 $224,650 in Raised Capital
 Diverse Veteran Participants
• 33% Hispanic
• 33% African American
• 31% Caucasian
• 21% Women

9. National and Global Presence
Helping Our Citizens and Our Neighbors
 Soft Landing Program
 InBIA Designation
 Open Operations in Central
Florida
 Connections to the Ecosystem
 National and International
• 47% International
• 35% Hispanic
 Specialized Incubator Services Memorandum of Understanding with Puerto Rico
• UPR and UMET
• Two Central Florida Companies Present
• UCF-PR Economic Recovery Initiative

10. The UCF BIP Impact
 Diversifying Economy and Industry
 Bridging Gaps in Entrepreneurial Support
 Uniting and Building Stronger Communities
4,710 jobs | $725 million GDP | $7.41 in returned taxes
 Delivering Inclusivity and Diversity and Opportunity
 Expanding Presence – Nationally and Globally