1 Research and Commercialization MJ Soileau University of Central Florida, Orlando Office of Research and Commercialization April 2010

2 Big 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) Center for Entrepreneurship & Innovation  UCF Venture Lab (VL) UCF Venture Lab  Small Business Development Center (SBDC) Small Business Development Center  Metro Orlando Economic Development Commission (Metro EDC) Metro Orlando Economic Development Commission  Technology Transfer office (TTO) Technology Transfer office  UCF Office of Research & Commercialization (ORC) UCF Office of Research & Commercialization  Central Florida Research Park (CFRP) Central Florida Research Park  Florida High Tech Corridor Council (FHTCC) Florida High Tech Corridor Council  Disney Entrepreneur Center (DEC) Disney Entrepreneur Center  UCF Business Incubation Program (UCFBIP) UCF Business Incubation Program  National Collegiate Inventors & Innovators Alliance (NCIIA) National Collegiate Inventors & Innovators Alliance Support Infrastructure at UCF Innovation Support Infrastructure at UCF

5 Starts with Research

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

7 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 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?  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

10 Business Incubation Smart 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

11 Incubation 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.

12 Results from the UCFBIP Clients Companies currently serving 90 Companies graduated 38, 35 still in Region Companies assisted in total 140 Jobs created ~2,000 Average salary $59,000 Investment raised $200 M Generated revenue $500M Patents held by UCFTI clients >286 Copyrights held by UCFTI clients >75 Trademarks held by UCFTI clients >47 Trade secrets held by UCFTI clients >64

13 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: Insight to 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 Clients is given by analyzing the companies capabilities - then evaluate what tools will be provided for each individual client: Develop Sales Strategy through: Develop Sales Strategy through: Marketing/Branding/Social Media Marketing/Branding/Social Media Search Engine Optimization (SEO) Search Engine Optimization (SEO) Geographic Information System (GIS) Geographic Information System (GIS) Provide a network of other 2 nd -stage CEO’s Provide a network of other 2 nd -stage CEO’s Meetings are arranged in geographically appropriate areas Meetings are arranged in geographically appropriate areas

Why target second Stage companies? Second stage companies represent 8% of Florida establishments and generate 36% of new jobs Source: YourEconomy.org

IP Training /Awareness Top Researchers &Faculty Top Students Patent Prosecution Political SupportRegional support Industry Clusters WorkforceDevelopment Business services Tech SavvyEntrepreneurs Center of Excellence Suggestions for Creating and Sustaining an Innovation Based Economy Suggestions for Creating and Sustaining an Innovation Based Economy The underlying foundation is key Sponsored Research IP Creation & Management Strategy Development Assessment / 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

17 Entrepreneurial Ecosystem 2009 Corporate Community UCF Central Florida Research Park Local Community Partners New technology Management talent New Startups & Spinoffs Partnerships Students faculty Large corporations, government agencies Center for Entrepreneurship & Innovation Sponsored research UCF Venture 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 transfer Service providers Angel investors Education, counseling Entrepreneurs Workforce Incubator and Venture Lab Graduates Center for Economic Competitiveness

Ranking – 2010 US Patent Power

19 Questions ? Dr. MJ Soileau Vice President for Research and Commercialization US US