1 research and commercialization mj soileau university of central florida, orlando office of...
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Research and Commercialization
Research and Commercialization
MJ SoileauUniversity of Central Florida, Orlando
Office of Research and Commercialization
April 2010
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Big picture goalsBig picture goals Expand high tech industry
Engage the community
Facilitate tech transfer
Collaboration
Economic development in the society
Funding for Labs
Technology and Graduates
Company
Incubation
Product
Research Park
Jobs
Taxes
© FAU 10/1/2002 jmc
US: LAB TO MARKET
ECONOMIC PYRAMID
World Class Researchers/Faculty
Center for Entrepreneurship & Innovation (CEI)
UCF Venture Lab (VL)
Small Business Development Center (SBDC)
Metro Orlando Economic Development Commission (Metro EDC)
Technology Transfer office (TTO)
UCF Office of Research & Commercialization (ORC)
Central Florida Research Park (CFRP)
Florida High Tech Corridor Council (FHTCC)
Disney Entrepreneur Center (DEC)
UCF Business Incubation Program (UCFBIP)
National Collegiate Inventors & Innovators Alliance (NCIIA)
Innovation Support Infrastructure at UCF
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Starts with ResearchStarts with Research
Form Partnerships that Work
Form Partnerships that Work
Leverage university labs, faculty, students
Leverage assets• Well equipped University Labs• Researchers skilled in proposal writing• Companies that can build the prototypes
Small Business Innovative Research SBIR / STTR• Perfect partnership
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FHTCC matching grants program
FHTCC matching grants program
Matching Funds to promote industry research partnerships
Leverage university resources / expertise
Access to top students Over 1000 projects
• $55M FHTCC, 300 companies
SBIR and STTRSBIR and STTR 2.5% of all major US agency research budget to
small companies ~5,500 awards annually for $2Billion US Phase I up $150,000, feasibility Phase II up to $1,000,000, prototype
Money is a grant, not a loan, no debt to company and no loss of equity
SBIR - The Perfect Partnership?SBIR - The Perfect Partnership? Perfect tech transfer mechanism Credibility for small company working with
university Matching programs with real money can be
counted as external investment for SBIR fast track
Great source of well trained and well screened employees
Steers faculty to research that is relevant to industry and government
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Business IncubationBusiness IncubationSmart place to start Increase chances of success
• 87 % of incubator graduates still in business 5 years later
Home grown companies• 84 % of graduates stay in the community they were
incubated in Good investment
• Low cost per job• generates more tax revenue than it costs
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Incubation Program - UCFBIPIncubation Program - UCFBIP The UCF Business Incubation Program opened
in December, 1999, with the Technology Incubator. The Program now consists of seven facilities in Central Florida • Facilities in total cover 110,000 sq. feet
The Program is a partnership between UCF and the local government / community.
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Results from the UCFBIP ClientsResults from the UCFBIP ClientsCompanies currently serving 90Companies graduated 38, 35 still in RegionCompanies assisted in total 140Jobs created ~2,000Average salary $59,000Investment raised $200 MGenerated revenue $500MPatents held by UCFTI clients >286Copyrights held by UCFTI clients >75Trademarks held by UCFTI clients >47Trade secrets held by UCFTI clients >64
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The Venture Lab provides expertise and resources to technology entrepreneurs in a variety of areas including:
• business plan & financial statement creation• market research assistance• company, investor and product pitches• product validation & competitive analysis• financing guidance & intros to investors• business strategy mentorship• SBIR and Kauffman educational workshops• online templates for BP, financials, pitches, etc.
UCF Venture Lab
FEGI provides:FEGI provides:Insightto help improve Speed and Efficiency of the Client Companies Sales by developing a Strategy to Target the Right Customers for that specific product
Assistance to Clientsis given by analyzing the companies capabilities - then evaluate what tools will be provided for each individual client:
• Develop Sales Strategy through:• Marketing/Branding/Social Media • Search Engine Optimization (SEO)• Geographic Information System (GIS)
• Provide a network of other 2nd-stage CEO’s• Meetings are arranged in geographically appropriate areas
Why target second Stage companies?Why target second Stage companies?
Second stage companies represent 8% of Florida
establishments and generate 36% of new jobs
Source: YourEconomy.org
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Center of Excellence
Suggestions for Creating and Sustaining an Innovation Based Economy
The underlying foundation is key
Suggestions for Creating and Sustaining an Innovation Based Economy
The underlying foundation is key
SponsoredResearch
IP Creation &Management
Strategy DevelopmentAssessment / Marketing/Technology Maturation
Commercialization Licensing / Start-up / Incubation
Economic Development
1. Build Strong Foundation
2. Strong Partnerships with Industry and economic development agencies
3. Attract and retain the best people
4. Provide them the best facilities
5. Give them the opportunity to compete at the highest level
6. Provide a clear strategic vision - the ultimate goal is economic development
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Entrepreneurial Ecosystem 2009Entrepreneurial Ecosystem 2009
Corporate Community
UCF
Central Florida Research Park
Local Community Partners
New technology
Management talentNew Startups & Spinoffs
Partnerships
Students faculty
Large corporations, government agencies
Center for Entrepreneurship & Innovation
Sponsored research UCFVenture Lab
University Economic Development
Investment funds (angel, seed, mezzanine)
Local Government
Economic Development organizations
Community colleges
Florida High Tech Corridor
Economic Gardening
UCF Incubation Program
Community-based startups
UCF spinouts
Disney Entrepreneur Center
SBDC
Technology transferService providers
Angel investors
Education, counseling
Entrepreneurs
Workforce
Incubator and Venture Lab Graduates
Center for Economic Competitiveness
Ranking – 2010 US Patent Power Ranking – 2010 US Patent Power
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Questions ?Questions ?
Dr. MJ SoileauVice President for Research and Commercialization
407 823-5538 US
www.research.ucf.edu