Citrus County Enterprise Center

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Citrus County Citrus County Enterprise Center Enterprise Center An incubator helping technology startup companies develop and grow 1

Transcript of Citrus County Enterprise Center

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