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 AeroInnovate 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. 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 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 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 Map, other details 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 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 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 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) 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 Entrepreneurs create jobs: 2010 Kauffman Foundation Study TechStars accelerator model has proven track record of success Companies such as Johnson Controls, HarleyDavidson and Oshkosh Corporation were once start ups in Wisconsin 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 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 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” $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 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 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! Chamco Aviation Development Committee Accelerator Resource Procurement Program Facility City of Oshkosh Winnebago County University of Wisconsin Oshkosh AeroInnovate Chamco, Inc. Fox Valley Technical College Seeking more . . . Go Titans! GO EDC!