Oshkosh Aviation Business Park UW Oshkosh Business Accelerator
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Transcript of Oshkosh Aviation Business Park UW Oshkosh Business Accelerator
Business Accelerator Program and Support Facility
Oshkosh Aviation Business Park UW Oshkosh Business Accelerator
1A Little History Idea of focusing on fostering growth in aviation related business Diversify the economyNiche market where we have significant supporting assets EAA and AirVenture AeroInnovateExisting aviation businesses Sonex, Basler Turbo Aviation education programming at UW Oshkosh and Fox Valley Technical College 2Formed 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, FVTCDiversity in disciplines and backgroundPassion for the airport and aviation related economic developmentNow doing double duty as Targeted Industries Study Aviation Working Group
Chamco Aviation Development Committee
3AeroInnovate - 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.
4AeroInnovate How we do itWorkshops/ForumsInvestor RoundtablePitch & MingleOne-on-One ConnectionsKey PartnershipsSikorsky InnovationsDefense AllianceRockford Area Aerospace NetworkEAACanadian ConsulateSpace Angels Network
5Wisconsin Aerospace ConsortiumMission: To promote, stimulate and facilitate aerospace related education and economic opportunities , capabilities and activities in Wisconsin.
UW Oshkosh = Consortium Lead/Executive Office
Committee WorkIndustry Awareness & MarketingEducationAdvocacyBusiness DevelopmentEntrepreneurship & Innovation
6Winnebago County as the home of general aviation innovation in the United States
Oshkosh Aviation Business Park
First order of business: land purchase
Shared Vision [is this fair to say?]7Land 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 8Land Purchase and Development Map, other details 9Meanwhile 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 optionsRepurposed buildingNew building at proposed Aviation Business Park 10Merged Project Two objectives Build an aviation business clusterFoster business start ups and growth in aviation related business but also advanced manufacturing advanced materials information technology and clean technology
11Objective 1: Build an Aviation Business ClusterFirst phase: 80 acre park dedicated to aviation related business only (200 acres planned)Direct taxiway access to world class facilities at Wittman Regional AirportNational draw Consistent with state-wide Aerospace Consortium efforts and WEDC priorities 12Objective 2: Foster business startups and growth How can we can foster new business growth:Provide new and growing businesses what they need to be successfulAccelerator programGrowth Management Academy concept (Targeted Industries Study) 13Accelerators: Incubators on SteroidsTraditional incubator: low cost physical space, common area and shared services Accelerator (TechStars model): intensive mentoring, seed financing, investor connections , andlow cost physical space and shared services Accelerators are programs, not just buildings14Why 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 15Why Here?Fox Valley third largest population center in the state no accelerator program University of Wisconsin Oshkosh Opportunity created by Aviation Business ParkExploring relationship with Gener8tor successful program in Southern WIOther unique local resourcesAngels on the WaterAeroInnovate/EAA/Wittman Regional Airport Business Success Center 16Accelerator Program13 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 leadersAccess to UW Oshkosh student internsNetworking events Physical space with support services
17Support Facility 20,000 sq ft facility common area and services capability to support light manufacturinghigh end technology infrastructure House accelerator program, accelerator graduates and other entrepreneurs, service providers to entrepreneurs and potentially corporate skunk works18Capital Costs and Sources Joint Project$11M projectWith 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 19If We Do It RightWe will help businesses create jobsUW 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 20Project 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 AirVentureFall 2014: Test run of accelerator program sans facility; begin construction on support facilitySpring 2015: first accelerator class in support facility!21Project Working Groups Chamco Aviation Development CommitteeAccelerator Resource Procurement ProgramFacility
22Project Working Groups - Collaboration City of Oshkosh Winnebago CountyUniversity of Wisconsin OshkoshAeroInnovateChamco, Inc. Fox Valley Technical CollegeSeeking more . . .
23Thank you!Go Titans!GO EDC!24