How Does the UCF Business Incubation Program Help Companies Grow?
Think of the UCF Business Incubation Program as a personal trainer for your company. We help identify your company’s specific business needs; provide coaching and a suite of business development services to help guide, motivate and support your company’s efforts; and most importantly, we help hold you accountable toward achieving your company’s long-term goals.
Many start-up companies fail within their first four years because the entrepreneur is typically so focused working in their business that they often neglect or forget to work on their business. However, the incubation process provides entrepreneurs with a strategic path and continuous support to develop financially stable, high-impact companies.
What Business Development Services are Offered?
Coaching for Your Company Challenges
The UCF Business Incubation Program holds regularly scheduled, as well as informal, meetings with each client company to address individual strategic and tactical needs. Our staff will work with you to assess your company challenges and identify expertise and resources to address them. Referrals are made to relevant professional advisors and other sources of business and technical assistance.
Industry Immersion with Educational & Networking Events
The UCF Business Incubation Program offers you an ongoing series of seminars and workshops on topics relevant to early-stage companies. A calendar of upcoming events is sent via email each month and is always featured on this website.
Maximize Your Profits with Finance & Accounting Help
Get assistance with budgeting, taxes, and reporting issues from recommended organizations. Capital needs, possible sources of capital, timeframe, structure of deals and alternatives will be discussed by the company, Program management and other advisors as needed.
Protect Your Intellectual Property
The UCF Business Incubation Program and other business service providers will review your intellectual property strategy. Advisors will then give you direction in this area and identify helpful resources or professional assistance.
Access to Legal Experts
The UCF Business Incubation Program maintains relationships with a number of law firms have extensive experience working with startup companies. One or more of the partner attorneys are often on site at an incubator to meet with you and provide guidance and advice.
Curtail Your Office Operation Expenses
The UCF Business Incubation Program provides you with a business address, mail service, Internet connection and conference rooms through cost-effective office space with flexible leases.
Shared Services to Save Your Investment Costs
- Shared Office Equipment (Fax, Laser Printer, Copier)
- Audio-Visual Equipment
- Other Miscellaneous Equipment
Improve Your Image with Public Relations & Marketing Support
The UCF Business Incubation Program and other business service providers will review your marketing and public relations strategies to enhance your company’s public image. The UCF Business Incubation Program works with a local PR firm to issue press releases to support your branding and marketing efforts.
Revenue Growth with Sales Assistance
The UCF Business Incubation Program will assist you in developing sales strategies and understanding the sales process. Referrals are made to professional service providers who can further help you develop and implement effective sales strategies.
Access to University Resources
Introductions will be made to the UCF Office of Research & Commercialization as appropriate to pursue partnership, grant and licensing opportunities.
Interns or student employees are available through university programs and offices, as well as other various resources. Introductions will be made to appropriate contacts as requested to identify relevant student talent available for hire. Special opportunities in certain majors or disciplines are also made available periodically.
Other Valuable University Resources
Other UCF resources, such as the UCF Venture Accelerator, the UCF Center for Entrepreneurship & Innovation, and other programs, centers or organizations will be engaged, as appropriate, to assist you in growing your business.
"One of the most difficult parts of being a start-up is to get going alone. The UCFBIP has provided me with lots of resources to help my business grow and develop. This support and network system is really invaluable for any entrepreneur."
"The UCF Incubation Program was just what I was looking for when deciding how to grow my business! They’ve provided not only a fertile environment for true entrepreneurship but have given me access to valuable resources I would not have had access to otherwise."
"I want to thank the UCF Business Incubator Program for their outstanding accomplishments in support of small business growth in Central Florida! The UCF Small Business Incubation Program is absolutely vital to the growth of business, local employment, tax revenue, personal achievement and support of UCF graduates into the workforce. I believe that our business would not be as successful without them!"
"The UCFBIP at the Central Florida Research Park has been a rich and fertile business community for developing and growing my Small Business. The UCFBIP has provided many collaborative business opportunities that can combine technologies and services to create great business opportunities to be pursued for which I am thankful. "
"The UCF Business Incubator has helped us grow and become successful as a technology company that focuses on STEM."
"The networking aspect of the incubator program is the most valuable asset they could offer, they have given ISR numerous opportunities to show case our capabilities to discuss real business options with both large and small businesses. "
"When I was first introduced to the UCF Incubator program I could immediately see the benefits to entrepreneurs. For over 3 years, Jim & Jessica have always assisted us with introductions & requests. I believe we have received invaluable benefits for the small expense as a client. Great people, great program. Thank you UCF!"
"UCF BIP has given me the resources and connections I need to grow my business into new markets. It's an incredibly valuable resource for new entrepreneurs."
"The Incubator is like having office hours with a professor. Any questions you might have they can either answer, or lead you in the right direction."
"The Incubator has been amazing at adapting to our changing needs and fostering our growth. In fact, as we grow the Incubator grows with us!"
"Without the incubator and the services that they provide we never would have made it off the ground. The programs and advisory services are why we have made it through this tough economy."
"The UCF Business Incubation Program has been instrumental in aligning Athena-Tek to succeed by offering key strategic alliance opportunities, guidance and motivation. The Program's professional and talented team has been very responsive to our many organizational, tactical, and business development queries. "
"I consider it a great privilege to work with the UCF Incubator program and the Veteran’s Initiative. As a veteran-owned small business, I found it difficult to find mentors in business that didn’t cost a fortune. The guidance and tools I need to succeed are all provided, as well as the advice necessary to take my business to the next level. Thank you UCF Incubator!"
"We truly believe in the importance of a collaborative and supportive environment in which innovation and business can grow and flourish. One such environment is offered through the dedicated and tireless efforts of many at the UCF Technology and Business incubator. Ideas and teams are nurtured, becoming solid businesses and true industry game changers! "
"Joining the incubator was a real ‘eye-opener’. . . it has really helped us focus on building our organization as well as in positioning ourselves in becoming the market leaders in our industry. Our access to resources from networking with other start-ups to legal, finance, HR, market research, and operational support is tremendous and invaluable. Thanks to the UCF incubator team for making things happen for us. . . it’s almost unreal. I don’t think you can get this level of support and knowledge anywhere else."
"The continued professional support, education and entrepreneurial atmosphere of UCFBIP has been a unique, cooperative opportunity to be successful against the odds. We continue to grow and innovate within our field because of the resources and talent available to us."
"UCF Business Incubation Program personnel are your best friends in business because they truly care about, and contribute to your success. From their years of success in helping businesses grow and prosper, they have the answers, support, and referrals on-hand and ready, even before I can determine my questions and needs."
"I would like to thank the UCF Incubator program for an outstanding job. There is an almost limitless amount of excellent quality resources available from the program and I would recommend the program to anyone."