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 UCF Small Business Advisory Board Council UCF Business Incubator – Central Florida Research Park UCF Venture Lab

Convergence a Decade Ago 1.Metro Orlando Technology Strategy 2.September 11, Two county economic stimulus packages 4.Widespread acceptance: innovation and entrepreneurship are the keys to economic success.

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

Small Business Development Center Strategic Tools Seminar Series Participants

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

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 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

UCF Advisory Board Council Program Success Story Contech Restoration in Winter Garden 2008: 40 employees 2009: 29 employees 2011: 78 employees Revenues 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.”

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

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

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

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.

BCC Action Requested Approval to process payments budgeted in FY 2011 for Orange County/UCF economic development programs in the following amounts: 1.$200,000 to the UCF Institute for Economic Competitiveness 2.$100,000 to the UCF Small Business Development Center 3.$100,000 to the UCF Small Business Advisory Board Council Program 4.$125,000 to the UCF Business Incubator – Central Florida Research Park 5.$125,000 to the UCF Venture Lab