To showcase the efforts of two organizations main the area in diversifying its economic system, the UCF Enterprise Incubation Program’s Downtown Innovation District and StarterStudio are shifting to the middle of Downtown Orlando.
On Dec. 1, 2021 the applications will depart their Church Avenue Alternate house for a storefront property on Orange Avenue between Church Avenue and Pine Avenue. On Tuesday, a grand opening was held on the new location at t 130 S. Orange Ave., the bottom ground of the historic Kress Constructing. The three,579-square-foot house presently consists of a few workplace areas however consists of crucial convention and assembly house for programming.
“There’s an attract to being within the coronary heart of downtown and for individuals having the ability to see the exercise going down as they go by,” says Rob Panepinto, director, Innovation Districts Technique and Partnerships and senior strategic advisor for Partnerships and Innovation at UCF. “Plus, a key within the house was its flexibility to accommodate not simply the present surroundings of workplace house in downtown however rapidly modify to future wants of our companies.”
The UCF Enterprise Incubation Program is a neighborhood useful resource that gives early-stage firms with the instruments, coaching and infrastructure to change into financially secure, excessive development/influence enterprises. Since 1999, this award-winning program has supplied important enterprise growth assets leading to over 300 native startup firms reaching their potential sooner and graduating into the neighborhood the place they proceed to develop and positively influence the native economic system.
For Innovation District firms, this new house supplies central assembly house for the group’s mentorship and First Buyer applications.
“Considered one of our main focuses all through the Innovation Districts is to attach these scalable firms to regional leaders who can influence their companies,” Panepinto says. “This house will rapidly change into a hub for this kind of exercise and will definitely create an influence on our whole area.”
For StarterStudio, this transfer is the end result of a return to its core mission of offering assets to early-stage tech and tech-dependent entrepreneurs. The group was the area’s first coworking house, however, in 2019, StarterStudio determined to maneuver away from that mannequin. StarterStudio is a nonprofit that works with companions all through Central Florida to strengthen the tech startup ecosystem and to raise the area within the eyes of traders, educating them about some great benefits of investing domestically in tech startup firms.
“We got down to increase our applications and deemphasize the place because the coworking market matured and commercialized,” says Lilian Myers, government director of StarterStudio. “We’re specializing in the mission that was initially supposed to meet the technique of being the one non-profit accelerator targeted on tech and tech-enabled firms.”
In 2020 and 2021, the group doubled its programming for entrepreneurs. The brand new location will permit StarterStudio to supply in-person programming, together with on-line programming. A lot of it present applications shall be shifting to this hybrid mannequin.
“We’re definitely happy to have the College of Central Florida Analysis Basis within the Kress Constructing,” says Rob Yeager, landlord for the Kress Constructing of Sullivan Properties. “This house on the middle of Downtown Orlando offers our metropolis an important alternative to actually watch these firms develop and influence our whole area.”