{"id":54631,"date":"2009-11-18T10:27:35","date_gmt":"2009-11-18T15:27:35","guid":{"rendered":"http:\/\/www.technologytransfertactics.com\/content\/?p=5333"},"modified":"2009-11-18T10:27:35","modified_gmt":"2009-11-18T15:27:35","slug":"ucf-incubator-pumps-millions-into-region","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/54631","title":{"rendered":"UCF incubator pumps millions into region"},"content":{"rendered":"<p>A new study offers proof positive that university incubators can have a profound economic impact. The study, commissioned by the Florida High Tech Corridor Council, found that graduate companies of the University of Central Florida&#8217;s (UCF) Business Incubation Program generated nearly $200 million in total economic impact in 2009. The 10-year-old incubator system maintains seven facilities across a four-county area in central Florida. &#8220;Dollar-for-dollar, no other form of public investment has the same economic impact as incubation,&#8221; says William H. Owen, president and CEO of Orlando-based Real Estate Research Consultants, Inc., the research firm that conducted the study. Other findings indicate:<\/p>\n<ul>\n<li>The program helped create more than 1,600 jobs in the region.<\/li>\n<li>Every $1 invested by local governments participating in the UCF incubator program is returning at least $5.25 in local government revenue in the form of property and sales taxes.<\/li>\n<li>Since its inception, the program has helped 125 companies, including 70 current clients and more than 30 &#8220;graduates.&#8221;<\/li>\n<li>Twenty-seven graduate companies remain in business in central Florida, typically earning $1 million to $3 million in annual revenue.<\/li>\n<\/ul>\n<p>According to surveys of graduate companies, at least 55 grants totaling more than $33 million in SBIR\/STTR funding have been awarded to client and graduate companies of the UCF incubators. Another $50 million has come from other federal and state grants that support ongoing technology development.<\/p>\n<p>Source: <a href=\"http:\/\/orlando.bizjournals.com\/orlando\/stories\/2009\/11\/02\/daily56.html\" >Orlando Business Journal<\/a><\/p>\n<p><br class=\"spacer_\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A new study offers proof positive that university incubators can have a profound economic impact. The study, commissioned by the Florida High Tech Corridor Council, found that graduate companies of the University of Central Florida&#8217;s (UCF) Business Incubation Program generated nearly $200 million in total economic impact in 2009. The 10-year-old incubator system maintains seven [&hellip;]<\/p>\n","protected":false},"author":67,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-54631","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/54631","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/67"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=54631"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/54631\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=54631"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=54631"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=54631"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}