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!