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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
  • Transcript

    • 1. Citrus County Enterprise Center An incubator helping technology startup companies develop and grow
    • 2. 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
    • 3. What CCEC will offer
      • Specialized education programs
      • Ongoing strategic advice
      • Access to important outside resources
      • Continual interaction with other tenants
      • Flexible space
      • Shared services
    • 4. 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
    • 5. 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
    • 6. 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
    • 7. 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
    • 8. 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
    • 9. 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
    • 10. 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
    • 11. 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
    • 12. 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
    • 13. 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
    • 14. 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
    • 15. 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
    • 16. Fee Services (Provided at competitive prices)
      • Photocopying (collating color copier)
      • Telephone service
      • Broadband Internet service
      • Secretarial services
      • Postage meter
    • 17. CCEC Incubation Process Startup is dependent and lacks financial viability Startup is self-sufficient and financial viable Entry 3 Years Graduation
    • 18. Graduation from CCEC
      • Move into Citrus County business community
      • Relocation assistance from Citrus EDC
      • Groundbreaking ceremony or ribbon cutting with community officials
    • 19. How to Apply for Admission
    • 20. 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
    • 21. 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
    • 22. 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
    • 23. How can Citrus County help entrepreneurs turn their ideas into viable businesses and create jobs?
      • One answer is …
    • 24. Citrus County Enterprise Center An incubator helping startup companies develop and grow