Oshkosh Aviation Business Park UW Oshkosh Business Accelerator
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Transcript of Oshkosh Aviation Business Park UW Oshkosh Business Accelerator
Oshkosh Aviation Business Park UW Oshkosh Business Accelerator
A Little History
Idea of focusing on fostering growth in aviation related business
Diversify the economy Niche market where we have significant
supporting assets EAA and AirVenture AeroInnovate Existing aviation businesses Sonex, Basler
Turbo Aviation education programming at UW
Oshkosh and Fox Valley Technical College
Formed by Chamco in 2009 to champion aviation related economic development in our region
Representatives from Chamco, the County, the City of Oshkosh, Chamber, EAA, AeroInnovate, airport tenants, FVTC
Diversity in disciplines and background Passion for the airport and aviation related
economic development Now doing double duty as Targeted
Industries Study Aviation Working Group
Chamco Aviation Development Committee
AeroInnovate - What we doAeroInnovate helps aeroinnovators from across the globe who are starting and growing aero-related businesses and bringing related new technologies to the marketplace. Our goal is to facilitate the alignment of passionate, successful "investors" and industry leaders with the best aviation-related opportunities in the world to help get deals done.
AeroInnovate – How we do it Workshops/Forums Investor Roundtable Pitch & Mingle One-on-One Connections Key Partnerships
Sikorsky Innovations Defense Alliance Rockford Area Aerospace Network EAA Canadian Consulate Space Angels Network
Wisconsin Aerospace Consortium Mission: To promote, stimulate and facilitate
aerospace related education and economic opportunities , capabilities and activities in Wisconsin.
UW Oshkosh = Consortium Lead/Executive Office
Committee Work Industry Awareness & Marketing Education Advocacy Business Development Entrepreneurship & Innovation
Winnebago County as the home of general aviation innovation in the United States
Centerpiece:
Oshkosh Aviation Business Park
First order of business: land purchase
Shared Vision [is this fair to say?]
Land Purchase
80 acres for sale adjacent to the airport
Failed County Board vote Historic partnership between city of
Oshkosh and Winnebago County Land purchased March 2013
Land Purchase and Development Map, other details
Meanwhile
Donated building creates opportunity for incubator
Feasibility study done 2012 evaluates trends and best practices recommends developing a comprehensive business accelerator program with a dedicated support facility two options Repurposed building New building at proposed Aviation
Business Park
Merged Project
Two objectives Build an aviation business cluster Foster business start ups and growth in ▪ aviation related business but also ▪ advanced manufacturing ▪ advanced materials ▪ information technology and ▪ clean technology
Objective 1: Build an Aviation Business Cluster First phase: 80 acre park dedicated
to aviation related business only (200 acres planned) Direct taxiway access to world class
facilities at Wittman Regional Airport National draw Consistent with state-wide Aerospace
Consortium efforts and WEDC priorities
Objective 2: Foster business startups and growth
How can we can foster new business growth:
Provide new and growing businesses what they need to be successful Accelerator program Growth Management Academy concept
(Targeted Industries Study)
Accelerators: Incubators on Steroids Traditional incubator: low cost
physical space, common area and shared services
Accelerator (TechStars model): intensive mentoring, seed financing, investor connections ,
and low cost physical space and shared
services Accelerators are programs, not just
buildings
Why an Accelerator?
Entrepreneurs create jobs: 2010 Kauffman Foundation Study
TechStars accelerator model has proven track record of success
Companies such as Johnson Controls, Harley-Davidson and Oshkosh Corporation were once start ups in Wisconsin
Why Here? Fox Valley third largest population center in
the state – no accelerator program University of Wisconsin Oshkosh Opportunity created by Aviation Business Park Exploring relationship with Gener8tor –
successful program in Southern WI Other unique local resources
Angels on the Water AeroInnovate/EAA/Wittman Regional Airport Business Success Center
Accelerator Program
13 week intensive mentoring program; 5-10 entrepreneurial opportunities per year
$15,000 in seed financing (5% equity stake)
Access to expertise of UW Oshkosh faculty and staff, successful entrepreneurs and business leaders
Access to UW Oshkosh student interns Networking events Physical space with support services
Support Facility
20,000 sq ft facility common area and services capability to support light manufacturing high end technology infrastructure
House accelerator program, accelerator graduates and other entrepreneurs, service providers to entrepreneurs and potentially corporate “skunk works”
Capital Costs and Sources – Joint Project $11M project With financial support from the city
of Oshkosh, Winnebago County and the Economic Development Administration ($2M grant)
Pending DoD grant to support planning efforts
$2.75M in remaining financing needs
If We Do It Right We will help businesses create jobs
UW Extension Economic Impact Study TechStars results
Diversify our economy Continue to build entrepreneurial ecosystem
of NEW Provide knowledge sharing opportunities for
UW Oshkosh faculty and students Attract more capital, entrepreneurs, faculty,
students and businesses to our region and state
Project Timeline October 2013-September 2014:
accelerator planning, design and fundraising; aviation business park development planning
Summer 2014: Infrastructure for park put in place; marketing at AirVenture
Fall 2014: Test run of accelerator program sans facility; begin construction on support facility
Spring 2015: first accelerator class in support facility!
Project Working Groups
Chamco Aviation Development Committee
Accelerator Resource Procurement Program Facility
Project Working Groups - Collaboration City of Oshkosh Winnebago County University of Wisconsin Oshkosh AeroInnovate Chamco, Inc. Fox Valley Technical College Seeking more . . .
Thank you!
Go Titans!GO EDC!