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

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

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