Citrus  County Enterprise  Center
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Citrus County Enterprise Center

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  • Gainesville Technology Enterprise Center Helping Tech Startups Develop and Grow 06/11/04

Citrus  County Enterprise  Center Citrus County Enterprise Center Presentation Transcript

  • Citrus County Enterprise Center An incubator helping technology startup companies develop and grow
  • Things Startups Need
    • Funding—venture capital, loans or grants
    • Management team with dual combination of business and technical people
    • Specialized education and information
    • Ongoing strategic advice and mentoring
    • Space and specialty equipment
  • What CCEC will offer
    • Specialized education programs
    • Ongoing strategic advice
    • Access to important outside resources
    • Continual interaction with other tenants
    • Flexible space
    • Shared services
  • Specialized Education Programs
    • Bimonthly special seminars
    • Monthly “pizza” topics
    • “ Meet and Greet” events every quarter
    • Cooperative education programs
    • Invitations to special events and conferences
    • Library—online database and trade publications
  • Bimonthly Special Seminars
    • Third-Party Agreements
    • Structuring, Negotiating and Consummating Agreements with Other Companies
    • Negotiations
    • Negotiating the best agreement for your company
    • Intellectual Property Protection
    • Patents, trademarks, copyrights, and other IP forms
    • Competitive Analysis
    • Researching and determining your company’s competitive advantages
  • Monthly “Pizza” Topics
    • Strategic Planning
    • Set your company on the track to success
    • Intellectual Property
    • Protecting your company’s intellectual and other valuable property
    • Exporting
    • Grow your business by selling to foreign markets
    • Sales and Distribution Strategies
    • Deciding what strategy is best for your company’s products or services
  • Quarterly “Meet & Greet” Events
    • Meet and greet:
      • Bankers
      • Lawyers
      • Accountants
      • Insurance Agents
    • Your company will learn:
      • What services these groups can offer it
      • How they work
      • How and what they charge for their services
      • What they’ll expect from your company
  • Cooperative Education
    • Programs and Courses Available for Startups
      • College of Central Florida
      • Citrus Information Technology Alliance
      • Florida High Tech Corridor
      • SCORE
      • Small Business Development Center
      • University of Central Florida
  • Special Events and Conferences
    • Monthly education events
    • Topical business workshops
    • Presentations by outside experts
    • Entrepreneurs’ roundtable
    • Entrepreneur of the Year awards banquet
    • Chamber of Commerce education programs
  • Ongoing Strategic Advice
    • Advice on business plans and strategies
      • Developing and revising a business plan
      • Defining and quantifying the market for your company’s products and services
      • Identifying effective sales and distribution strategies
      • Consummating outsourcing agreements with other companies
    • Sharing of startup company experiences
    • Assistance on establishing 1-2 objectives to be achieved in next 90 days as part of business plan
  • Introductions to Beneficial Outsiders
    • Early-stage funding sources—bankers, investors, active and passive partners
    • Persons with specialized knowledge—attorneys, accountants and consultants
    • Potential CEOs and other “C” level management
  • Access to Outside Resources
    • Introductions or names of potential service providers your company will need
    • Access to outside resources, such as Citrus County Chamber of Commerce, Educational institutions, Small Business Resource Network
    • Sources or contacts for solutions to business problems
  • Contact with Other Tenants
    • Daily interaction with other resident startup companies
      • Sharing of common problems and experiences
      • Opportunity to discover solutions or find new business opportunities
      • Sharing of service providers
    • As-needed interaction with CEC service providers and supporters
  • Flexible Space
    • 135 to 475 sq. ft. spaces
    • Some spaces have special features, such as 3 phase electrical power
    • Furnished spaces—desk, chair and filing cabinet
    • Initial 1-year term. After 1 st year, lease can be terminated on 30-days notice
    • Startup can expand or contract its space as business needs dictate
  • Shared Services (Included in Rent)
    • 2 conference rooms with Internet and telephone service
    • LCD and overhead projectors
    • Business library
    • Laminating and binding equipment
    • Display boards and racks for trade shows
  • Fee Services (Provided at competitive prices)
    • Photocopying (collating color copier)
    • Telephone service
    • Broadband Internet service
    • Secretarial services
    • Postage meter
  • CCEC Incubation Process Startup is dependent and lacks financial viability Startup is self-sufficient and financial viable Entry 3 Years Graduation
  • Graduation from CCEC
    • Move into Citrus County business community
    • Relocation assistance from Citrus EDC
    • Groundbreaking ceremony or ribbon cutting with community officials
  • How to Apply for Admission
  • Ideal CCEC Resident Startup
    • Startup or early-stage company
    • Innovative product, service or process
    • Protected technology or ability to grow business
    • Necessary technical expertise
    • Active, engaged entrepreneur working in business
    • Cash for next 6-months of operating expenses
    • Product, service or process with market growth potential
    • Ability and willingness to grow rapidly during next 3 years
    • Desire to leverage CCEC's ongoing strategic advice and help
  • Information Needed
    • Completed application
    • Business plan or executive summary
    • Facilities impact and proposed use of space statement
    • Authorization for summary credit report
    • Financial information and documentation
  • Admissions Process
    • Once completed application and information is submitted, CCEC board:
      • reviews application; performs market research
      • interviews principals
      • may request additional information
    • Applicant makes PowerPoint presentation to CCEC board, followed by question and answer session
    • After presentation, applicant is notified about admission decision
  • How can Citrus County help entrepreneurs turn their ideas into viable businesses and create jobs?
    • One answer is …
  • Citrus County Enterprise Center An incubator helping startup companies develop and grow