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Keelin O'Leary, Memorial University of Newfoundland Tom O’Neal, University of Central Florida  Joel Stevenson, University of South Carolina, Columbia The role of University Affiliated Incubators in economic development strategies

Commercialization & Incubation at a University ,[object Object],Proactive Technology Transfer Entrepreneurship Licenses UCF Spin offs Leaders to create new companies Rich Academic Programs Commercialization New Companies Stronger existing companies High Paying jobs Partnerships Economic Development Diversified Economy Core Activities Contribution Influence Secondary affect Idea Basic Research Applied Research Prototype Products

What do Incubators do? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Incubator staff Community Political support Technical Expertise Business Expertise Networking Regional Professional Service Providers University resources Focus Tactics Strategy Connectivity New Client Identify and fill in the holes Add Value Graduate Companies poised for success ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Why Incubation ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Kinds of Incubators ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Finding an Incubator ,[object Object],[object Object],[object Object],[object Object]

Getting into an Incubator ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Expectations ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Incubators often fill gaps in a region’s Eco System Top Faculty Workforce Development Steeples of Excellence Economic Development Research, IP Creation & Management Innovation Realization Result Commercialization Licensing / Start-up / Incubation Areas addressed by Incubator Tech Savvy Entrepreneurs Industry Clusters IP Training / Awareness Political Support Regional support Strategy Development Assessment / Marketing/ Technology Maturation Business services State of the art facilities Top Students Ideas Infrastructure / resources

The underlying foundation is key IP Training / Awareness Top Researchers & Faculty Top Students Patent Prosecution Political Support Regional support Industry Clusters Workforce Development Business services Tech Savvy Entrepreneurs Build Strong Foundation Strong Partnerships with Industry and economic development agencies Attract and retain the best people Provide them the best facilities Give them the opportunity to compete at the highest level Provide a clear strategic vision - the ultimate goal is economic development Center of Excellence Sponsored Research IP Creation & Management Strategy Development Assessment / Marketing/ Technology Maturation Commercialization Licensing / Start-up / Incubation Economic Development

UCF Incubation Program ,[object Object],[object Object],[object Object],[object Object]

Current Incubator Clients ,[object Object],[object Object],[object Object],[object Object],[object Object],Number of Clients/Graduates

Goals ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Services ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Evolution (UCF Example) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Creating New Business Opportunities Proactive Tech Transfer UCF Orange County Venture Lab Technology Entrepreneurship Center Savvy Entrepreneurs Solid Market Research NCIIA E-Teams Entrepreneurship Programs Business Plan Competitions

Helping to Plant 1,000 Seeds ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Help New and Small Companies Grow Strong UCF Incubator Disney/SBA National Entrepreneur Center Florida High Tech Corridor Student Interns Seed / Gap Funding Networking Events Service Provider Support SBIR Collaborations

Early Stage Support ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Contacts ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Outline Where (Context) Why (Purpose) Who (Admission process / clients) What (Desired results) How (Support provided)

Context: Newfoundland & Labrador ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Where

The Genesis of the Genesis Centre ,[object Object],[object Object],[object Object],[object Object],Why

Entrance to the Centre ,[object Object],[object Object],[object Object],[object Object],[object Object],Who

Clients to Date (38) ,[object Object],[object Object],[object Object],[object Object],Who From community & university:

Desired Results ,[object Object],[object Object],[object Object],[object Object], $ (venture) capital graduation What

Results to Date ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],What

Resources Provided ,[object Object],[object Object],[object Object],[object Object],How

A. Technical Resources ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],How “ Engineering the product”

B. Business Resources ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],“ Engineering the company” How

C. Physical Resources ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],How

D. Intangibles ,[object Object],[object Object],[object Object],[object Object],How

SIFE Memorial ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Campus Incubation Consortium ,[object Object],[object Object],[object Object],[object Object],[object Object]

Genesis Centre - Results for University ,[object Object],[object Object],[object Object],[object Object]

Contact Information Keelin O’Leary Manager - Genesis Centre Director – National Business Incubation Assn. Canadian Assn. Business Incubation [email_address] 709-737-2365 www.genesis.mun.ca

USC/Columbia Technology Incubator Non-Traditional Economic Development

The USC/Columbia Technology Incubator ,[object Object]

Values we follow ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Progress since Incubator inception in 1998 ,[object Object],[object Object],[object Object],[object Object],[object Object]

This is truly a public private partnership that is working ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Incubator in Numbers ,[object Object],[object Object],[object Object],[object Object],[object Object]

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