See the Incubation Process Path to Success
The formal incubation process takes place through a series of strategic and tactical working sessions. These sessions are designed to help define your company’s business, market and capital strategies to develop the solid foundation that an emerging enterprise needs to continue to grow and adapt to shifting market demands.
UCF Business Incubation Program Stages of Development
The UCF Business Incubation Program begins with its staff and advisors identifying expertise and resources that will benefit your company most. This helps address tactical needs identified through the strategy sessions or through other informal interactions. Regular education and networking programs also address the shared needs identified among incubator clients. This provides a built-in network of support among like-minded peers.
"The UCF Business Incubator has helped us grow and become successful as a technology company that focuses on STEM."
"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 has been amazing at adapting to our changing needs and fostering our growth. In fact, as we grow the Incubator grows with us!"
"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. "
"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! "
"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."
"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."
"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 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."
"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!"
"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. "
"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."
"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!"
"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. "
"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."
"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."
"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 incubation process includes predesigned stages that ensure your company develops the core business strengths needed to succeed in your market:
- Submit Client Application
- Complete Full Application after Initial Acceptance
- Complete Excellence in Entrepreneurship Course
- Present to Selection Committee
- Business Development Orientation
- Strategy Series Work Sessions
- Company Growth Strategy
- Elevator Speech
- Value Proposition
- Problem Solved
- Build Revenue Projections
- Market Growth Strategy
- Target Customer
- Market Segmentation
- Sustainable Competitive Advantage
- Investment/Funding Strategy
- Government Funding
- Term Sheet
- Power Point Presentation for Investors
- Participate in Day-to-Day Tactical Meetings
- Present Initial Business Plan
- Present Final Business Plan
Graduation takes place when a client has achieved a level of financial and corporate growth that enables them to leave the incubator and enter the second stage of corporate development.
How to Join the UCF Business Incubation Program
Joining the UCF Business Incubation Program is straightforward and easy. With a variety of valuable resources, there is simply no other way to get the comprehensive company support that helps your business excel.