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					                                                                                                                                The Accelerator

                                                              The Accelerator
                                                           Quarterly Newsletter of UCF Incubation Program
                                                                                                                              Volume 1       Summer 2008




UCF Incubation Program Expands – New Centers
Added in Orlando and Seminole County
	 Nearly	 200	 people,	 including	 city,	 county	
and	university	officials,	united	in	February	2008	
to	open	the	latest	expansion	of	the	University	of	
Central	Florida	Incubation	Program	in	Winter	
Springs	 –	 the	 new	 UCF	 Seminole	 County	
Incubator.		
	 Like	its	sister	program,		the	UCF	Technology	
Incubator	in	Orange	County,	the	10,000	square	
foot	 Seminole	 incubator	 provides	 office	 space	
for	emerging	high-growth	companies,	as	well	as	
coaching	 and	 mentoring,	 training,	 educational	
and	 networking	 opportunities.	 	 The	 goal	 of	
those	 involved	 with	 the	 incubator	 is	 simple:	
provide	enough	assistance	to	area	business	start-
ups	that	will	help	them	make	an	impact	on	the	
economy.		

                                                      Celebrating the grand opening of the new UCF Incubator-Seminole County are (left to right): Charles
               CONTINUED ON PAGE 2                    Lacey, Board President, Oviedo-Winter Springs Chamber of Commerce; Tom O’Neal, UCF; John Hitt, UCF
                                                      President; Brenda Carey, Chair, Seminole County Board of County Commissioners and John F. Bush, Mayor,
                                                      City of Winter Springs.


       IN THIS EDITION
                                                         University-Driven Community Partnership
                                                         Provides Early Stage Companies With
                                 PAGE 5 - 7              Enabling Tools, Training And Infrastructure
                            In depth,
                            Incubator Client
                            Updates and                  	 The	 UCF Incubation Program	 is	 a	                  established.		Incubator	support	greatly	reduces	
                            News.                        family	 of	 business	 incubation	 facilities	 in	      the	 risk	 of	 failure	 and	 87-91%	 of	 companies	
                                                         Metro	 Orlando	 to	 provide	 tools,	 training,	        that	graduate	from	an	incubator	program	are	
                                                         infrastructure	and	more	to	start-up	companies	         still	in	business	five	years	later.	
                                                         in	the	community.		In	partnership	with	a	wide	         	 Since	its	opening	in	1999,	the	Incubator	
                                                         array	 of	 organizations,	 UCF	 has	 established	      has	 served	 over	 100	 emerging	 companies	
                                                         facilities	 in	 five	 locations	 to	 serve	 various	   (including	over	60	current	clients),	which	have	
                                                         sectors	of	the	community.	                             generated	over	900 new jobs	and	more	than	
                                                         	 Business	 incubation	 is	 a	 critical	 element	      $200 million in annual revenues.
                                                         of	 Metro	 Orlando’s	 economic	 development	
                                                         strategy.		Studies	show	that	95%	of	companies	
                                                         stay	 in	 the	 community	 where	 they	 are	                  UCF Incubation Program Locations on Page 5
    The Accelerator                                                                                                                                                                                                                                                                                 The Accelerator


       MESSAGE FROM TOM                                                                                                                                             UCF Incubation Program Advisory Board
Welcome to the inaugural issue of The                 strategies	and	to	build	the	business	plan.	
                                                                                                                             INCUBATOR                              The	UCF	Incubation	Program	has	established	a	 Benefits of the board include:
                                                                                                                                                                    strong	Advisory	Board	to	coordinate	the	efforts	 • Recognition	 in	 quarterly	 Incubation	 Program	
                                                                                                                                                                                                                                                                                   • Access	 to	 client	 company	 press	 releases/news	
                                                                                                                                                                                                                                                                                     updates
Accelerator….the quarterly newsletter                 Expertise	and	resources	are	identified	for	
                                                      the	company	to	utilize	in	addressing	tactical	
                                                                                                                     CALENDAR AND EVENTS                            of	 both	 the	 University	 and	 the	 community	 in	
                                                                                                                                                                    providing	 tools	 and	 resources	 that	 enhance	
                                                                                                                                                                                                                           newsletter
                                                                                                                                                                                                                         • Mentoring	 and	 access	 to	 new	 client	 and	
                                                                                                                                                                                                                                                                                   • Quarterly	meetings
of UCF’s Incubation Program. The
                                                      needs	as	they	are	identified	through	the	                                                                     the	 prospects	 for	 the	 commercial	 success	 of	     graduating	companies                                 For	 more	 information	 on	 how	 to	 become	 a	
purpose of this newsletter is to keep our             strategy	sessions	or	through	other	informal	           June 10 - July 2, 2008                                                                                      • Contributing	 to	 the	 growth	 and	 success	 of	
                                                                                                                                                                    developing	 companies.	 The	 Board	 serves	 as	 a	                                                          member	 of	 the	 Advisory	 Board,	 please	 contact	
clients, partners, sponsors, volunteers               interactions	with	Incubator	staff	and	advisors.	       Excellence in Entrepreneurship                         liaison	 between	 the	 Incubator,	 the	 University,	   emerging	 technology	 companies	 in	 Central	        Gordon	Hogan	at	407-882-1577	or	via	email	at	
and staff informed about the activities                                                                      Certificate Course                                     and	the	Central	Florida	community.                     Florida                                              bizdev@mail.ucf.edu.
of the UCF Incubation Program.                     UCFIP	is	a	University-driven	community	                                                                                                                                  • Opportunity	 to	 serve	 on	 the	 advisory	 board	 See full list of the Board on page 4.
                                                   partnership	providing	early	stage	companies	              Taught	by	experienced	entrepreneurs,	                                                                            with	2	year	term
 	                         Let	me	start	out	       with	the	enabling	tools,	training	and	                    professional	service	providers	and	
                           by	highlighting	        infrastructure	to	create	financially	                     entrepreneurship	faculty	from	the	                     UCF Incubation Program Advisory Board – Spotlight
                           the	goal	of	the	        stable	high	growth	enterprises.	                          University	of	Central	Florida,	this	
                           UCF	Incubation	          	                                                        dynamic,	intense	short	course	explores	                Jim Boyle, Managing Partner,                           educational,	and	community	organizations.              services.			
                                                   Combined	with	efforts	by	other	organizations	                                                                                                                           	 During	his	tenure	as	Economic	Development	           	 Livingston	 specializes	in	 corporate	 services	
                           Program	(UCFIP)	                                                                  the	realities	of	planning	and	starting	                Inflexion Partners                                     Administrator,	 Lewis	 organized	 six	 regional	       and	real	estate	services	for	fast	growing	companies	
                           and	its	community	      such	as:	the	Florida	High	Tech	Corridor	                  a	company	and	helps	you	learn	how	
                                                   Council;	City	of	Orlando;	Orange	County	                  to	successfully	develop	and	launch	a	                                        	       Jim	 is	 a	 venture	     economic	summits,	implemented	the	County’s	            and	advises	and	represents	foreign	investors.		His	
                           partners,	which	is	
                                                   Government;	Seminole	County	Government;	                  business.			Limited	to	20	participants.	                                     capital	 investor	 with	 over	   targeted	 incentives	 program	 that	 has	 attracted	   clients	include	corporations,	real	estate	owners,	
                           to	facilitate	smarter,	
                                                   the	city	of	Winter	Springs;	and	others,	the	               	                                                                           15	 years	 of	 experience,	      many	high	value	companies	to	the	community,	           investors,	and	developers.		He	has	been	involved	
                           faster	startup	and	
                                                   region	will	soon	become	one	of	the	nation’s	                                                                                           primarily	 on	 behalf	           spearheaded	 two	 economic	 stimulus	 packages	        in	the	development	of	roughly	2	million	square	
                           growth	of	emerging	                                                               UCFTI Lunch & Learn Series                                                   of	 Northern	 Telecom	           involving	23	different	initiatives	following	911	      feet	of	warehouse	and	flex	properties.
companies	so	those	companies	will	                 premier	locations	for	high-tech	enterprises.		In	         Time:	11:30am	–	1pm
                                                   partnership	with	a	wide	array	of	organizations,	                                                                                       Limited,	 Bell	 Canada	          and	the	subsequent	downturn	in	the	economy.	       	   	 Livingston’s	 first	 career	 was	 as	 an	 Army	
become	financially	successful,	high	                                                                         Lunch	is	provided
                                                   UCF	has	established	facilities	in	five	locations	                                                                                      Enterprises,	 and	 Capital	      His	 work	 has	 brought	 numerous	 awards	 and	        Infantry	Officer.		He	was	a	paratrooper	and	ranger	
growth	companies	in	the	community.                                                                           •	June	12
                                                   to	serve	various	sectors	of	the	community	                                                                                             Communications	 CDP,	 a	         recognition	to	Orange	County.                          and	served	overseas	in	Japan,	Vietnam,	and	Iran	
                                                                                                             •	July	10
                                                                                                                                                                    subsidiary	of	La	Caisse	de	dépôt	et	placement	du	      	 Orange	 County’s	 economic	 stimulus	                and	on	the	Army	staff	at	the	Pentagon.		When	
UCFIP	clients	are	provided	an	array	of	business	 and	consists	of	over	80,000	square	feet.                    •	August	14
                                                                                                                                                                    Québec	(a	large	Canadian	pension	fund).	Jim’s	         packages	represented	expenditures	on	economic	         he	 returned	 to	 Orlando,	 Livingston	 entered	
development	services	and	resources	to	help	                                                                  •	September	11
                                                   Tom O’Neal, Ph.D.                                                                                                financial	skills	were	developed	in	the	corporate	      infrastructure	 beyond	 “business	 as	 usual.”	 The	   the	commercial	real	estate	business	as	a	broker.	     	
accelerate	growth.	The	formal	incubation	
                                                   Associate	Vice	President                                                                                         finance	departments	of	Union	Carbide	Canada	           most	successful	programs	have	become	“business	        Eventually	 he	 started	 his	 own	 commercial	 real	
process	takes	place	through	a	series	of	                                                                     To	register	for	these	events	or	
                                                   Office	of	Research	&	Commercialization                                                                           Limited	and	Nortel.	                                   as	usual”	for	the	County:	the	UCF	Technology	          estate	 company	 and	 then	 transitioned	 to	 also	
strategic	and	tactical	working	sessions.	The	                                                                more	information,	visit:
                                                   Executive	Director,	UCF	Incubation	Program                                                                       	 Prior	 to	 joining	 Inflexion	 Partners,	 Jim	       Incubator,	 the	 UCF	 Small	 Business	 Advisory	       become	a	developer.
strategic	sessions	are	designed	to	help	define	                                                              www.incubator.ucf.edu	or	
                                                                                                                                                                    was	 the	 Chief	 Operating	 Officer	 for	 Telinvest	   Board	 Council	 Program,	 expanded	 programs	          	 His	 first	 investment,	 which	 was	 a	 success,	
the	company	business,	market	and	capital	                                                                    call	407-882-0202.
                                                                                                                                                                    Management	 Corporation.	 Telinvest	 managed	          of	 the	 UCF	 Small	 Business	 Development	            was	in	a	startup	planning	and	engineering	firm.	      	
                                                                                                                                                                    an	 investment	 allocation	 from	 Capital	             Center,	 the	 UCF	 Orange	 County	 Venture	            That	success	led	him	to	join	a	group	of	angels.	      	
   UCF Incubation Program Expands – New Centers Added                                                                                                               Communications	 CDP,	 primarily	 focusing	 on	
                                                                                                                                                                    telecommunications	 opportunities	 in	 Latin	
                                                                                                                                                                                                                           Lab,	 and	 the	 UCF	 Institute	 for	 Economic	
                                                                                                                                                                                                                           Competitiveness	(the	cornerstone	of	Economic	
                                                                                                                                                                                                                                                                                  Livingston’s	 group	 has	 been	 active	 in	 local	
                                                                                                                                                                                                                                                                                  and	 other	 technology	 startups	 and	 later	 round	
   in Orlando and Seminole County                                                                                                                                   America	and	Asia.	Jim	holds	an	HBSc	degree	in	
                                                                                                                                                                    Chemistry	from	Lakehead	University,	Thunder	
                                                                                                                                                                                                                           Stimulus	Package	2.0).		“The	UCF	Technology	
                                                                                                                                                                                                                           Incubator	is	an	integral	part	of	Orange	County’s	
                                                                                                                                                                                                                                                                                  funding.		He	also	invests	outside	the	group.
                                                                                                                                                                                                                                                                                  	 “Charlie	Parrish,	an	early	contributor	to	the	
                                                       	 Dr.	O’Neal	said	he	has	a	goal	of	filling	the	     District	2	region.			Wyman’s	legacy	continues	           Bay,	Ontario,	Canada,	and	a	M.B.A.	in	Finance	         economic	 development	 strategy-increasing	 our	       incubator	and	I,	started	a	for	profit	incubator	in	
                      FROM PAGE 1                      remaining	13	openings	within	the	next	year.	        with	 efforts	 spearheaded	 by	 Commissioner	            and	 Accounting	 from	 McMaster	 University,	          community’s	capacity	for	invention,	innovation,	       the	early	‘80’s,	but	it	failed.			Timing	and	capital	
                                                       “If	we	just	add	one	a	month,	we’ll	be	there.”	  	   Tony	Ortiz.                                              Hamilton,	Ontario,	Canada.                             and	entrepreneurship,”	said	Lewis.                     is	everything.		I	joined	the	Incubator	Program	
   	 Funding	 for	 the	 facility	 was	 made	           While	some	are	high-tech	companies,	O’Neal	         	 Site	 Manager,	 Jacqueline	 Barton	                                                                                                                                  Advisory	 Board	 to	 assist	 startup	 companies	
   possible	 by	 Seminole	 County	 Government,	        said	 other	 businesses	 also	 are	 welcome,	 as	   commented	“As	Orlando’s	only	mixed-use	and	              John Lewis, Economic Development                       George Livingston, CIPS, Founder                       and	to	offer	my	operational,	financial,	and	real	
   with	 assistance	 from	 the	 City	 of	 Winter	      one	of	the	seven	new	members	is	a	law	firm,	        green	incubator,	our	focus	is	to	serve	a	variety	        Administrator, Orange County Government                and Chairman of NAI Realvest                           estate	experience	to	others	so	that	they	will	be	
   Springs	and	the	Florida	High	Tech	Corridor,	        another	a	wireless	communications	company	          of	 businesses	 as	 an	 economic	 development	                                                                                                                         successful	and	Central	Florida	can	benefit	from	
   according	to	Dr.	Tom	O’Neal,	director	of	the	       and	yet	another	specializes	in	finding	obsolete	    tool	that	fosters	growth	and	entrepreneurship	                                	      John	 Lewis	 was	                            	       As	 founder	 and	            their	success	through	job	growth	and	economic	
   UCF	 Incubation	 Program.	 The	 University	         parts.                                              in	an	environmentally-friendly	way.”		Barton	                                 Orange	 County’s	 first	                            chairman	of	NAI	Realvest,	           development,”	said	Livingston.
   of	 Central	 Florida	 also	 contributes	 and	       	 In	addition	to	the	opening	of	the	Winter	         added	 that	the	 OBDC2	is	full	with	four	in-                                  Economic	 Development	                              George	 Livingston	 is	              	 A	prolific	writer	and	speaker,	Livingston	is	a	
   administers	the	programming.		                      Springs	facility,	the	UCF	Incubation	Program	       house	client	companies	and	recently	added	a	                                  Administrator,	 and	 has	                           largely	 responsible	 for	 the	      skilled	analyst	of	economic	and	real	estate	trends	
   	 With	 the	 ink	 on	 the	 grand	 opening	          opened	 the	 Orlando	 Business	 Development	        fifth	virtual	client.		Plans	for	the	center	are	to	                           served	 in	 this	 position	                         excellent	 reputation	 and	          and	strategic	applications	of	those	trends	to	real	
   programs	still	damp,	the	incubator	already	has	     Center,	District	2	(OBDC2).			Created	as	the	       expand	by	January	2009	with	ten	additional	                                   for	 almost	 14	 years.	 His	                       long	 term	 relationships	           estate	 operations.	 	 Livingston	 is	 a	 graduate	 of	
   seven	 companies	 in	 place.	 	 “The	 companies	    vision	of	retired	Orlando	City	Commissioner	        offices.	 	 Funding	 for	 the	 facility	 is	 provided	                        responsibilities	 include	                          with	 partners	 and	 clients	        Auburn	 University	 with	 a	 Masters	 of	 Science	
   here	 are	 mainly	 high-growth	 technology	         Betty	T.	Wyman,	the	OBDC2	incubator	will	           by	 the	 City	 of	 Orlando	 in	 partnership	 with	                            advising	 County	 officials	                        enjoyed	 by	 the	 firm	 and	         in	 Economics.	 	 He	 received	 his	 undergraduate	
   businesses,”	 said	 Esther	 Vargas-Davis,	 Site	    be	used	to	accelerate	the	growth	and	success	       UCF.                                                     on	economic	development	issues,	administering	 its	 associates.	 He	 is	 responsible	 for	 developing	        education	 at	 Florida	 State	 University	 with	 a	
   Manager.	                                           of	 entrepreneurial	 companies	 in	 Orlando’s	                                                               the	 County’s	 economic	 development	 activities,	 the	 company’s	 corporate	 and	 development	               Bachelors	of	Science	in	Economics.
                                                                                                                                                                    and	 serving	 as	 a	 liaison	 with	 business,	 strategies	and	overseeing	the	array	of	professional	
   PAGE 2                                                                                                                                                                                                                                                                                                                    PAGE 3
    The Accelerator                                                                                                                                                                                                                                                             The Accelerator


UCF Incubation Program Locations
                                                                                                         2008-09 Members of the
                                                                                                                                                                            Incubator Client Profiles
Downtown Orlando Incubator                          Bennett Complex
37	North	Orange	Avenue                              3251	&	3267	Progress	Drive	
                                                                                                         UCF Incubation Program                      UCF DOWNTOWN INCUBATOR                             PHOTONICS INCUBATOR                                    ORLANDO BUSINESS DEVELOPMENT DISTRICT
Orlando,	FL	32801                                   Orlando,	FL	32826	                                   Advisory Board:                             IMPROVING THERAPY ENHANCING LIVES                  PRODUCING LOWER COST CIRCUITS	                         STANDING IN THE GAP FOR
407-882-0202	                                       407-882-0202	
Site	Manager:	Gordon	Hogan                          Site	Manager:	Carol	Ann	Dykes                                                                    	 	        	
                                                                                                                                                          Founded	in	early	2006,	Therigy	is	a	                Applicote Associates, LLC	is	a	materials	        CLAIMANTS RIGHTS
                                                                                                                                                     	 	        	
                                                                                                                                                     biopharmaceutical	services	company	focused	        and	process	technology	development	company	
                                                                                                         Randy Berridge                              on	improving	the	use	of	biotech	therapy	to	        that	enables	production	of	the	next	generation	             Social Security Advocates, LLC,	helps	
The Downtown Orlando Incubator located              The Technology Incubator (UCFTI) was                 Florida	High	Tech	Corridor	Council                                                                                                                    obtain	disability	benefits	for	those	that	are	
on Orange Avenue serves technology and              established in 1999 to support emerging                                                          achieve	superior	healthcare	outcomes	through	      of	semiconductor	chips	(nano)	which	lead	to	
                                                                                                                                                     the	integration	of	therapy	management	                                            lower	cost	circuits.    denied	services.	About	90%	of	those	qualified	
other high growth companies that can benefit        high technology companies and help                   Sena Black                                                                                                                                            to	receive	benefits	are	often	declined.		As	
from the Downtown location. The facility is         them become financially stable business                                                          and	technology.		Through	Therigy’s	                                               	Applicote’s	suite	
                                                                                                         Enterprise	Florida                          consulting	and	solutions	delivery,	clients	                                       of	patented	            the	population	ages	and	the	economy	
a partnership with the City of Orlando.             enterprises. Collectively UCFTI clients and                                                                                                                                                                struggles,	SSA	is	working	to	address	the	
                                                    graduates have created nearly 900 jobs with                                                      can	achieve	optimal	clinical	results	across	all	                                  and	proprietary	
                                                                                                         Jim Boyle                                   distribution	channels.		Therigy’s	customers	                                      materials	processing	   needs	of	this	group,	serving	as	an	advocate.
Orlando Business Development                        an average wage of $59,000 and generate              Inflexion,	Inc.
Center/District 2 Incubator                         over $200M a year in revenue. The UCFTI                                                          include:	health	plans,	pharmaceutical	                                            technologies	
                                                                                                                                                     manufacturers,	and	pharmacy	providers.                                            improve	yields	         	
3218	E.	Colonial	Drive,	Suite	G                     is located in the Central Florida Research           Terence F. Brennan
Orlando,	FL	32803                                   Park and represents a UCF partnership with                                                       	 Therigy	is	the	healthcare	industry’s	                                           compared	to	
                                                                                                         Roetzel	&	Andress                           leading	source	of	information,	resources	                                         conventional	           	
321-281-8383	                                       Orange County, the City of Orlando, and
Site	Manager:	Jackie	Barton                         the Florida High Technology Corridor.                                                            and	advisory	services	in	the	area	of	specialty	                                   technologies.		
                                                                                                         John Bush                                   pharmaceuticals	and	costly	chronic	disease	
                                                                                                                                                                                                        CEO Ozzie Coto
                                                                                                                                                                                                                                       Currently,	the	         	
                                                                                                         City	of	Winter	Springs                      therapies.	Therigy	experts	provide	trusted	        company	is	developing	materials	processing	
The Orlando Business Development Center/            The Bennett Complex, a 40,000 square foot
District 2 Incubator opened in December,            extension of the UCFTI, is located on Progress                                                   knowledge	and	resources	to	organizations	          for	the	sub	22-nanometer	range.		Applicote’s	
                                                                                                         Thomas Chatmon                              that	invest-in,	manufacture,	dispense,	pay-        nanotechnology	processing	capabilities	allows	
2007. A partnership with the City of Orlando,       Drive in the Central Florida Research Park           Downtown	Orlando	Board
the Center is a general business incubator to       and provides flexible space for incubator                                                        for,	and	administer	specialized	therapies,	        its	licensees	to	stay	well	ahead	of	the	next	
                                                                                                         Community	Redevelopment	Agency              ensuring	the	latest	advances	are	adopted	          process	node	for	advanced	semiconductors.	
support primarily non-technology startups.          clients that need larger facilities or that need
                                                    space suitable for laboratory or production                                                      quickly,	appropriately,	and	economically	          Additionally,	Applicote	provides	consulting	
                                                                                                         Dr. Tom Keon                                with	the	best	possible	outcome	for	patients.	      services	coupled	with	turn-key	solutions	
Photonics Incubator                                 activities. The Bennett Complex typically            UCF/College	of	Business	Administration
College	of	Optics	and	Photonics                     houses 10-20 person operations that require                                                      Therigy’s	seasoned	experts	provide	hands	          that	are	available	for	licensing.
University	of	Central	Florida                       1,000-7,000 square feet of office space.                                                         on	engagement	and	consulting	services	             	 Ozzie	Coto,	CEO	of	!nflect	a	company	                Jeanette Roman, Disability Representative for
                                                                                                         Kim King                                    to	assist	organizations	in	operational	            co-founded	by	Nat	Quick	(CEO	of	Applicote)	
                                                                                                                                                                                                                                                               Social Security Advocates, LLC.
4000	Central	Florida	Blvd,                                                                               City	of	Orlando
Orlando,	FL	32816                                   UCF Incubator-Seminole                                                                           evaluation,	optimization,	planning,	and	           and	Coto,	to	commercialize	technologies	
                                                                                                                                                     deployment	of	programs	and	processes	              created	by	Applicote	Associates,	LLC,	                 	 SSA	was	founded	by	Jessica	Carrasquillo,	
407-882-1577                                        County/Winter Springs                                John Lewis                                                                                                                                            who	started	the	first	location	in	a	business	
Site	Manager:	Gordon	Hogan                          1511	E.	State	Road	434,	Suite	2001                                                               for	clinical	and	economic	success.                 commented,	“We	take	deep	pride	in	being	part	
                                                                                                         Orange	County	Government                    	 Russel	Allinson,	RPh	MS,	CEO	&	Chief	            of	the	UCF	incubator.		It	gives	us	access	to	          incubator	in	Tennessee.		In	January	2008,	
                                                    Winter	Springs,	FL	32708	                                                                                                                                                                                  she	teamed	up	with	Jeanne	Roman	to	open	
The Photonics Incubator is housed in the Center     407-278-4880	                                                                                    Clinical	Officer,	has	extensive	knowledge,	        a	large	number	of	key	services,	and	facilities,	
                                                                                                         George Livingston, CIPS                     accumulated	throughout	his	career,	which	          that	we	rely	on	for	our	success.	Even	more	            the	Orlando	office	at	the	OBDC2.		The	team	
for Research & Education in Optics & Lasers         Site	Manager:		Esther	Vargas-Davis                   NAI	Realvest	Partners,	Inc.                                                                                                                           utilizes	their	experience	to	streamline	the	
(CREOL) on the UCF Main Campus. The                                                                                                                  earned	him	a	place	among	the	industry’s	           important	are	the	relationships	we¹ve	been	
                                                                                                                                                     most	respected	authorities	on	topics	such	as	      able	to	establish	with	the	wonderful	folks	of	         process	for	their	clients	with	an	emphasis	on	
facility offers laboratory space for technology     UCF Incubator-Seminole County/Winter Springs         Bill McDermott                                                                                                                                        the	growing	Hispanic	community,	offering	
development partnerships between industry and       opened its doors in February, 2008 to serve                                                      specialty	pharmacy	operations	and	biotech	         the	incubator	and	CREOL.		The	professionals	
                                                                                                         Seminole	County	Economic	Development        therapies.			A	co-founder	of	Therigy,	Allinson	    we¹ve	interacted	with	are	world-class.”                free	consultations	without	fees	unless	benefits	
UCF researchers. Supported by funding from the      high growth startups in Seminole County. The                                                                                                                                                               are	granted.		According	to	Roman,	“The	
US Economic Development Administration, the         incubator is a partnership between UCF, Seminole                                                 directs	the	company’s	clinical	focus,	leading	     	 Coto	added,	“The	folks	at	the	incubator	
                                                                                                         Gary Moses                                  the	clinical	research	team	to	deliver	thought	     took	note	of	our	unique	needs	and	found	us	            grant	process	is	lengthy	and	can	take	several	
incubator accelerates the movement of innovative    County Government, the City of Winter Springs        RBC	Centura	Bank                                                                                                                                      years.		I	started	this	business	because	I	want	
laser and optics technology into the marketplace.   and the Florida High Tech Corridor Council.                                                      leadership	to	Therigy	clients	through	             suitable	lab	space	inside	of	The	Townes	Laser	
                                                                                                                                                     publications	and	hands-on	engagement.		            Institute	(CREOL).	This	made	it	possible	              to	make	a	difference	and	help	people	to	
                                                    The modern facility, conveniently located in the     Brian Steinberger, P.A.                                                                                                                               understand	the	process	and	get	answers	to	
Technology Incubator                                Vistawilla Office Center building on East S.R.                                                   	 Co-founder,	Joseph	Morse,	President	             for	us	to	be	in	close	physical	proximity	
                                                                                                         Law	Offices	of	Brian	S.	Steinberger,	P.A.   and	COO,	manages	Therigy’s	day-to-                 to	the	people,	the	equipment,	and	the	                 their	questions.		Compassion	works…all	
(located in the Central                             434 at the 414 on/off ramp, features 10,000                                                                                                                                                                people	want	is	a	simple	explanation.”
Florida Research Park)                              square feet of space, and includes flexible office                                               day	operations,	as	well	as	identifies	client	      services	we	need.			Additionally,	our	path	to	
                                                                                                                                                     needs	and	delivers	a	range	of	services	            commercialization	has	included	the	creation	           	 SSA	completes	the	paperwork,	monitors	
12565	Research	Parkway,	Suite	300                   space, a conference/training room, boardroom,                                                                                                                                                              the	progress	of	the	application,	and	works	
Orlando,	FL	32826                                   mini-conference rooms, a café and networking                                                     and	experts	ensuring	that	Therigy	                 of	a	separate	company	named,	!nflect.	It	also	
                                                                                                                                                     clients	reach	their	full	potential.		              has	benefited	from	the	close	relationship	with	        through	the	appeals	process.		They	give	
                                                    areas, metro-Ethernet fiber connectivity, a                                                                                                                                                                personal	attention	as	they	gather	medical	
                                                    reception area, and some office equipment.                                                       	 Therigy	is	located	in	the	historic	Angebilt	     the	incubator.		!nflect’s	purpose	is	to	bring	our	
                                                                                                                                                     Building	in	Downtown	Orlando,	Florida.             inventions	to	market	quickly	and	efficiently	by	       information,	and	communicate	with	various	
                                                                                                                                                     Contact:	Russel	Allinson,	407-992-8750             focusing	solely	on	the	needs	of	the	consumer.”         government	offices	to	follow	the	file	progress,	
                                                                                                                                                                                                        Contact:	Ozzie	Coto,	321-356-6441                      which	has	resulted	in	SSA’s	growing	success.
                                                                                                                                                                                                                                                               Contact:	Jeanette	Roman,	321-281-8376


   PAGE 4                                                                                                                                                                                                                                                                                              PAGE 5
      The Accelerator                                                                                                                                                                                                                                                                                      The Accelerator


                           Incubator Client Profiles                                                                                                                                                Incubator Client Profiles
UCF SEMINOLE COUNTY INCUBATOR                          UCF TECHNOLOGY INCUBATOR                                                                                           UCF TECHNOLOGY INCUBATOR
PROCURES AND DISTRIBUTES ELECTRONIC                    MAKING MEETING PLANNING SIMPLE AND COST EFFECTIVE                                                                  THERAPIES TO HEAL DISEASED AND INJURED TISSUES
COMPONENTS WORLDWIDE                                  	 iConvene	 provides	 a	 unique	 online	                  Krinker	realized	that	there	was	nothing	in	place	
                                                                                                                                                                               NeoCytex BioPharma Inc.	is	developing	              Biology	and	Microbiology	and	Director	of	the	       Dr.	 Nilabh	 “Neil”	 Chaudhary	 is	 the	 CEO	
	 NR Electronics, LLC	 is	 a	 full	 line-             marketplace	 for	 anyone	 planning	 small-	               to	 help	 individuals	 responsible	 for	 planning	                                                                 Stem	 Cell	 Laboratory	 at	 Burnett	 College	 of	   and	 Director	 of	 R&D.	 He	 has	 15	 years	 of	
                                                      to	 medium-size	 meetings	 in	 Central	                   their	own	small	meetings.		                               novel	 therapeutics	 to	 promote	 the	 repair	 and	
stocking	distributor	of	electronic	components	                                                                                                                                                             rejuvenation	 of	       Biomedical	 Sciences,	 University	 of	 Central	     management,	commercialization,	and	research	
with	 offices	 and	 warehouses	 in	 Europe	           Florida.	 	 In	 minutes,	 users	 can	 log	 on	 to	        	 Carol	 Ann	 Dykes,	 UCF	 Technology	                                                                             Florida,	Orlando.	He	is	conducting	research	on	     experience	 at	 biotech	 companies	 in	 Houston,	
                                                      www.iConvene.com	 to	 compare	 and	 book	                 Incubator	 site	 manager,	 said,	 “iConvene	 was	                                          damaged	 tissues	
and	 USA,	 at	 the	 new	 UCF	 –	 Seminole	                                                                                                                                                                 (wound	 healing,	                                                            Boulder,	 and	 Cleveland.	 Before	 joining	 the	
County	 Incubator	 in	 Winter	 Springs.	     	        meeting	 rooms	 and	 order	 related	 services	 like	      a	 natural	 fit	 for	 our	 program	 because	 it’s	 an	                                                                                                                  biotechnology	 industry,	 Dr.	 Chaudhary	
                                                                                         catering,	 A/V	        innovative	 technology	 that	 meets	 a	 clear-cut	                                         neural	 repair).	   	
	                                                                                                                                                                         The	lead	drug	candidates	work	by	accelerating	                                                                conducted	 molecular	 cell	 biology	 research	 in	
	                                                                                        e q u i p m e n t ,	   need,	 and	 it	 targets	 the	 hospitality	 industry	                                                                                                                    the	laboratory	of	Nobel	Laureate	Günter	Blobel	
                                                                                         entertainment	         –	 a	 vibrant	 sector	 of	 our	 local	 economy.	 	We	     the	 production	 of	 healthy	 new	 cells	 from	
                                                                                                                                                                          endogenous	 stem	 cells,	 enhancing	 the	 body’s	                                                             at	 the	 Rockefeller	 University	 and	 Howard	
                                                                                             p
                                                                                         and	 rofessional	      exist	 to	 help	 develop	 high-tech	 companies	                                                                                                                         Hughes	Medical	Institute	in	New	York.
                                                      speakers.				Soon,	users	will	be	able	to	manage	          and	 create	 additional	 jobs.	 	 Not	 only	 does	        natural	ability	to	heal	itself.
                                                                                                                                                                          	 Over	 6	 million	 Americans	 suffer	                                                                        	 NeoCytex	 was	 selected	 as	 one	 of	 10-15	
                                                      guest	lists,	send	invitations,	track	responses	and	       iConvene	create	new	local	jobs,	but	it	supports	                                                                                                                        of	 the	 best	 Florida-based	 private	 companies	
                                                      issue	post-event	surveys	directly	from	the	site.		        other	businesses	in	the	Central	Florida	region	           from	 Parkinson’s,	 Alzheimer’s	 and	 other	
                                                                                                                                                                          neurodegenerative	 diseases.	 	 An	 additional	                                                               seeking	 venture	 capital	 funding	 at	 the	 first	
                                                      	 In	April	2008,	iConvene	launched	in	Central	            –	a	winning	combination	we	don’t	often	see.”                                                                                                                            annual	 Florida	 Venture	 Forum	 Early	 Stage	
                                                      Florida,	and	plans	expand	to	other	major	markets	         	 The	company	has	benefited	tremendously	                 5.4	 million	 patients	 live	 with	 the	 debilitating	
	                                                                                                                                                                         effects	of	stroke.	There	are	no	cures.	The	cost	                                                              Venture	 Capital	 Conference,	 Orlando	 in	
                                                      around	the	country	in	the	coming	year,	as	well	           from	 its	 alliance	 with	 the	 UCF	 program,	 as	                                                                                                                      May.	 	 Companies	 were	 selected	 to	 present	




                                                                             “
                                                                                                                evidenced	 by	 its	 acceptance	 in	 the	 Florida	         of	 caring	 for	 these	 patients	 will	 exceed	 $200	
	                                                                                                                                                                         billion	this	year.	Because	of	the	complexity	of	                                                              to	 a	 national	 audience	 of	 venture	 capitalists,	




                                                                                                                                                                                                                                                         “
                                                                                                                Venture	 Forum’s	 2008	 Early	 Stage	 Venture	                                                                                                                          investment	 bankers	 and	 private	 equity	
                                                                                                                Capital	Conference	in	May.		iConvene	was	one	             the	diseases	and	lack	of	well-characterized	drug	
                                                                                                                                                                                                                                                                                       investors.
    Norberto Ruiz, Director of Operations                   I fully anticipate the day                          of	 15	 presenters	 selected	 from	 approximately	        targets,	few	new	candidate	drugs	are	entering	
                                                                                                                                                                          clinical	 trials.	 Use	 of	 cell	 transplantation	                                                           	 “The	 UCFTI	 incubator	 staff	 has	 been	
                                                                                                                200	applicants	seeking	capital.
                                                              when people planning                              	 Terry	 Jones,	 founder	 of	 Travelocity,	 said,	        therapy	 to	 repopulate	 the	 brain	 with	 healthy	           The UCFTI incubator staff                      extremely	 supportive	 during	 our	 startup	 and	
	 Selected	 as	 one	 of	 the	 seven	 companies	                                                                                                                           cells	has	encountered	significant	technical	and	                                                             growth	 phase.	 We	 have	 benefited	 from	 their	
to	 open	 in	 the	 incubator,	 NR	 Electronics	              small meetings wonder                              “I’ve	reviewed	iConvene’s	business	model	and	
                                                                                                                                                                          regulatory	hurdles.	                                         has been extremely supportive                   early	mentoring	regarding	technology	licensing,	
                                                                                                                technology	in	great	detail	and	see	tremendous	
procures	 and	 distributes	 obsolete	 and	                   how they ever managed                              potential.	 	 It’s	 a	 robust	 tool	 that	 can	 expand	   	 NeoCytex	is	developing	novel	regenerative	                                                                 business	planning	and	management	strategies,	
hard	 to	 find	 electronic	 components	 from	                                                                                                                             therapeutics	 that	 accelerate	 the	 healing	 and	         during our startup and growth                     and	 very	 important,	 establishing	 a	 path	 to	
over	 10,000	 suppliers	 around	 the	 world.	     	            without iConvene.                                as	 user	 needs	 continue	 to	 unfold	 and	 the	
                                                                                                                                                                          repair	 of	 diseased	 tissues.	 	 Its	 compounds	                                                            both	 public	 and	 private	 sources	 of	 financing.	 	
                                                                                                                company	grows.		It	serves	a	need	and	provides	                                                                                                                         Gordon	 Hogan	 and	 Carol	 Ann	 Dykes	 have	
Services include:
                                                         -	Terry	Jones,	Founder	of	Travelocity                  an	 on-demand	 solution	 that’s	 available	 24/7.	    	   stimulate	the	production	of	healthy	new	cells	              phase. We have benefited from
Active, passive and electromechanical                                                                                                                                                                                                                                                  been	 especially	 helpful	 in	 facilitating	 contact	




                                                                             ”
                                                                                                                Consumers	know	a	good	thing	when	they	see	                from	 adult	 stem	 cells,	 enhancing	 the	 body’s	
components, hard-to-find, obsolete and                                                                                                                                    natural	 ability	 to	 heal	 itself.	 The	 first	 drug	     their early mentoring regarding                   with	a	range	of	potential	investors.		
discontinued components and management                                                                          it,	and	I	fully	anticipate	the	day	when	people	                                                                                                                        	 I	must	mention	that	Tom	O’Neal	and	his	
                                                                                                                planning	small	meetings	wonder	how	they	ever	             candidate	(NBI-18,	a	small	molecule)	is	being	
of excess stocks and end-of-life products.                                                                                                                                                                                                                                             team	 have	 an	 unusually	 clear	 understanding	
	 In	March	2006,	NR	Electronics	was	given	            as	hire	about	15	new	people,	including	software	          managed	without	iConvene.”                                developed	 as	 a	 treatment	 for	 degenerative	              technology licensing, business                  of	 the	 type	 of	 support	 craved	 by	 startups.	
                                                      developers,	 Internet	 marketing	 specialists	 and	       	 Thomason	 added,	 “One	 of	 the	 steps	 we	             diseases	 of	 the	 central	 nervous	 system.	 Data	
the	 Export	 Award	 Achievement	 Award	 at	 the	                                                                                                                          from	 animal	 experiments	 indicate	 that	 NBI-                                                              They	 have	 been	 aggressive	 about	 obliterating	
Walt	 Disney	 World	 Contemporary	 Resort	            call	center	employees.                                    took	 before	 we	 formed	 iConvene	 was	 to	 take	                                                                      planning and management                        ridiculous	 bureaucratic	 hurdles	 that	 seem	 to	
                                                      	 “I	 never	 understood	 why	 I	 could	 book	 a	          the	Incubator’s	Certificate	to	Entrepreneurship	          18	can	speed	up	the	production	of	functional	
from	 Jon	 Dudas,	 director	 of	 the	 U.S.	 Patent	                                                                                                                       new	 neurons	 from	 endogenous	 ‘adult’	 neural	                                                             appear	 suddenly	 and	 often.	 	 With	 support	
and	 Trademark	 office,	 who	 is	 particularly	       trip	around	the	world	online,	but	couldn’t	plan	          course.			We	saw	the	course	as	one	of	our	litmus	                                                                     strategies, and very important,                  and	 encouragement	 from	 UCFTI,	 NeoCytex	
                                                      a	small	meeting	with	the	same	ease,”	said	Mark	           tests	 to	 see	 if	 we	 were	 ready	 and	 the	 concept	   stem	cells.			NBI-18	bypasses	these	hurdles	by	
impressed	with	how	small	U.S.	businesses	are	                                                                                                                             directly	 coaxing	 the	 production	 of	 functional	                                                          was	 successful	 in	 obtaining	 both	 federal	 and	
finding	significant	growth	through	exports.           Thomason,	 iConvene	 co-founder	 and	 chief	              was	interesting	to	an	objective	third	party.		It	
                                                                                                                                                                          new	neurons	from	preexisting	neural	stem	cells	
                                                                                                                                                                                                                                    establishing a path to both public state	 funding,	 which,	 in	 turn,	 has	 enabled	 us	
	 In	 that	 same	 year,	 NR	 Electronics	 was	        executive	 officer.	 	 The	 idea	 for	 the	 company	      was...and	 we	 were	 one	 of	 three	 companies	 to	                                                                                                                    to	initiate	research	with	collaborators	at	UCF	
                                                                                                                                                                          in	the	brain.		A	safe	new	drug	to	improve	neural	
nominated	 for	 the	 Hispanic	 Business	 of	 the	     resulted	 from	 the	 frustration	 he	 felt	 over	 the	    be	 admitted	 into	 the	 Incubator	 during	 that	
                                                                                                                                                                          function	 would	 be	 an	 important	 advance	 in	
                                                                                                                                                                                                                                    and private sources of financing. and	 elsewhere.	 	 Already	 we	 have	 generated	
Year	Award	for	businesses	open	less	than	three	       amount	 of	 time	 it	 took	 to	 locate	 and	 secure	      course.	 	 Since	 then	 we’ve	 greatly	 appreciated	                                                                                                                   exciting	 new	 drug	 safety	 data	 that	 will	 fuel	
                                                                                                                                                                          the	 treatment	 of	 chronic	 CNS	 diseases.	 	 	 In	
years	at	the	9th	Annual	Don	Quijote	Awards,	          a	 meeting	 room	 for	 a	 non-profit	 committee	          the	 support	 that	 the	 program	 has	 offered	 us.	  	
                                                                                                                                                                          addition	 to	 NBI-18,	 NeoCytex’s	 research	                    -	Dr.	Nilabh	Chaudhary                       the	aggressive	development	of	NeoCytex’s	lead	
hosted	 by	 the	 Hispanic	 Business	 Initiative	      meeting	he	was	responsible	for	coordinating.		            We	 highly	 recommend	 the	 UCF	 Incubator	                                                                                                                            drug	candidate	for	Parkinson’s	disease.	“	added	




                                                                                                                                                                                                                                                         ”
                                                      	 The	 non-travel	 meetings	 industry	 is	 an	            program	to	anyone	else	crazy	enough	to	start	             pipeline	includes	regenerative	drug	candidates	
Fund	 (HBIF)	 and	 the	 Hispanic	 Chamber	 of	                                                                                                                            that	accelerate	healing	from	wounds,	fractures,	                                                             Dr.	Chaudhary.
Commerce.	 	 NR	 Electronics	 is	 certified	 as	      $80	billion	business	in	the	United	States	and	a	          their	own	technology	business.”                                                                                                                                        Contact:	 Nilabh	 Chaudhary	 (Neil),	 Ph.D.,	        	
                                                      primary	driver	of	the	Central	Florida	economy.	      	    Contact:	Mark	Thomason,	407-332-8887                      and	muscle	injuries.
a	 Minority	 Business	 Enterprise	 (MBE)	 by	                                                                                                                             	 Co-founders	 of	 NeoCytex	 are	 Kiminobu	              novel	 therapies	 for	 neurodegenerative	 diseases	 (407)	408-9566
the	 Florida	 Minority	 Supplier	 Development	        While	 major	 meetings	 and	 conferences	 are	                                                                                                                               and	stroke.		Dr.	Sugaya	is	NeoCytex’s	Chairman	
                                                      almost	always	handled	by	professional	meeting	                                                                      Sugaya,	Ph.D.,	and	Nilabh	Chaudhary,	Ph.D.	
Council	 (FMSDC).	 Contact:	 Liza	 Ordonez,	                                                                                                                              Dr.	Kiminobu	Sugaya	is	Professor	of	Molecular	           and	Chief	Scientific	Officer.	
407-278-8885                                          planners,	 Thomason	 and	 Co-Founder	 David	

     PAGE 6                                                                                                                                                                                                                                                                                                                        PAGE 7
     The Accelerator

                                       INCUBATION PROgRAM gRADUATE
Providing Simulation And Training Solutions
      AVT Simulation	 provides	 professional	              much	 of	 his	 time	 developing	 software	 tools	 to	     customers	 on	 such	 programs	 as	 the	 EA-6B,	 the	
engineering	services	and	training	solutions	to	the	        simplify	 Host-to-Image	 Generation	 integration	         T-44A,	the	E-2C/D	OFTs.	
simulation,	training	and	entertainment	markets.	       	   and	 tools	 to	 provide	 quicker	 host	 development.	     	 In	 2006	 AVT	 obtained	 a	 Prime	 contract	
Since	 its	 inception,	 AVT	 has	 been	 fortunate	 to	     In	 April	 2002,	 Cliff	 Ingari,	 Larry	 Rodd	 and	 J.	   with	the	USAF’s	508	Aircraft	Sustainment	Wing	
provide	 its	 highly	 specialized	 staff	 of	 engineers	   Bruce	 Howie	 joined	 AVT	 to	 support	 the	 US	          to	 provide	 maintenance	 to	 25	 existing	 visual	
to	 some	 of	 the	 top	 leaders	 in	 the	 simulation	      Army’s	Close	Combat	Tactical	Trainers	(CCTT).	        	   databases	and	to	develop	10	new	databases.	The	
industry.                                                  In	February	2003,	based	on	the	growing	success	           growth	and	success	of	AVT	is	contributed	to	its	
Some of these industry leaders include:                    of	the	support	AVT	was	providing	to	PEO	STRI,	            professional	 staff,	 proven	 leadership,	 customer	
PEOSTRI, NAVAIR, Morgan (a Stanley                         AVT	 was	 asked	 to	 provide	 visual	 engineering	        first/people	first	management	philosophy	and	its	
Company), Rockwell Collins, Advanced Systems               support	 to	 PM	 Comanche.	 In	 September	 2003	          commitment	 to	 provide	 products	 and	 services	
Technology, Lockheed Martin Information                    AVT	 joined	 the	 University	 of	 Central	 Florida	       in	a	cost-effective	manner	that	exceeds	customer	
Systems and DEI Services Corp                              Technology	 Incubator	 program,	 graduated	 in	           expectations	and	schedule.	
	 Founded	 in	 1998	 by	 Robert	 Abascal,	 a	              July	2007	and	established	offices	in	Research	Park	       	 AVT	 Simulation	 is	 a	 highly	 regarded	
former	 software	 architect	 from	 Bell	 Helicopter	       located	in	Orlando,	Florida.                              simulation	 and	 training	 company	 that	 services	
and	Lockheed	Martin,	he	had	a	vision	to	service	           	 Based	 on	 the	 growing	 success	 of	 providing	        US	 DOD,	 UK	 MOD	 and	 commercial	 training	
the	 simulation	 and	 training	 industry	 with	 niche	     highly	specialized	engineers,	today	AVT	supports	         companies.	 Headquartered	 in	 the	 hub	 of	 the	
applications	 and	 consulting	 services.	 In	 1999,	       PEO	STRI	and	NAVAIR	with	15	engineers	and	                training	 and	 simulation	 industry,	 Orlando	
Abascal	 hired	 another	 former	 software	 engineer	       project	directors.	Some	of	the	PEO	STRI	programs	         Florida,	 AVT	 today	 employs	 over	 30	 employees	
from	 Lockheed	 Martin	 to	 provide	 software	             that	 AVT	 support	 include	 CCTT	 AV-CATT,	              comprising	 some	 of	 the	 best	 in	 the	 simulation	
engineering	services	to	several	training	companies	        GCTT,	Gaming	Technology,	Special	Operations,	                                                                 	
                                                                                                                     and	 training	 industry.	 Contact:	 Robert	 Abascal,	
located	 in	 the	 Central	 Florida	 Research	 Park.	   	   SECORE	 and	 Future	 Combat	 Systems.	 	 AVT	             www.avtsim.com
Abascal	 recognized	 several	 gaps	 in	 the	 training	     continued	 its	 growth	 in	 2004	 through	 2006	 by	
market	 that	 weren’t	 being	 addressed	 and	 spent	       providing	integrated	solutions	to	its	commercial	


Office of Research & Commercialization
University of Central Florida
University Tower/Research Park
12201	Research	Parkway,	Suite	501
Orlando,	FL	32826
For further information contact:
Phone:	407.823.3778




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