UPSTARTS at the University of Central Florida
The UCF Upstarts Student Venture Accelerator provides the highest level of support and resources available to UCF student startups. UpStarts supplements our offerings in the LaunchPad and StarterSpace by providing free office space, advanced mentoring, exclusive access to service and resource providers, and a cohort of startup colleagues to UCF’s most advanced student-led ventures. Participation is by application only with applications due late spring for membership the following year. Upstarts ventures will typically meet four criteria.
- Team: we accept ventures led by a minimum of 2 individuals
- Revenue: we accept ventures which have been generating revenue for at least 6 months; however, we will consider ventures developing technology devices and life science products which may be at an earlier stage.
- Focused: we accept ventures whose team demonstrates the ability to focus on academics and business building
- Academics: we accept ventures whose team is in good academic standing with UCF
Once selected as an Upstarts Venture the student-entrepreneurs will work with the Upstarts staff to set value-generating milestones and work towards hitting those milestones during their tenure. Successful Upstarts Ventures may then qualify to join UCF’s award winning Business Incubation Program as they continue to grow and thrive. All of our services are offered to UCF students for 0% equity in the new venture!
- Upstarts Dialogs: The Upstart Venture Cohort will meet together and learn from each other by discussing successes, failures, challenges and “things that keep them up at night”. The time will be facilitated by the Upstarts staff.
- Upstarts One on One: Each Upstarts Venture will get face-2-face, 1-on-1 time with mentors to establish value-generating milestones and receive venture and product specific input to reach those milestones.
- Upstarts Workshops: The Upstart Venture Cohort will meet together to load up on rocket fuel business principles taught by the Upstarts staff in an active-learning environment.
Applications are due by April 1 for admittance to the upcoming Upstarts Ventures Fall and Spring semester Cohort. Applicants are selected by the Upstarts staff based on submitted application materials (see below).
Upstarts will provide office space, office equipment, advanced coaching resources, and collaboration space. Upstarts Ventures will also have extensive access to the StarterSpace which includes other amenities such as 3D printing, CAD, and Graphic design programs.
Michael Pape » email@example.com «
Mike is Professor of Practice in the Department of Management within the College of Business Administration at the University of Central Florida where he teaches and mentors students in entrepreneurship. Mike serves as Director of the UpStarts Student Venture Accelerator within the Center for Entrepreneurial Leadership which guides the most ambitious entrepreneurial students at UCF through the startup process. Mike is a serial entrepreneur who has co-founded several life science companies including Esperion Therapeutics, Orchard Venture Partners (a life science venture capital firm), Akebia Therapeutics, and Nymirum. Mike is a veteran of both large pharmaceutical and startup life science companies having entered the industry in 1989. At Upjohn and Parke-Davis/Warner-Lambert (now Pfizer) he was instrumental in the success of numerous cardiovascular drug discovery and development programs including Lipitor. In 1998 Mike co-founded Esperion Therapeutics and held a variety of executive positions being involved in nearly all aspects of building Esperion from its startup to its acquisition by Pfizer for $1.3 billion in 2004. In 2007, he co-founded Akebia Therapeutics which had a successful IPO in 2014. In 2009, Mike co-founded Nymirum serving as CEO until 2015 and currently as a member of the Board. Mike’s entrepreneurial efforts have led to his inclusion in the book How They Did It: Billion Dollar Insights from the Heart of America and receiving Distinguished Alumni Awards from both the University of Chicago Booth School of Business and the College of Agriculture at Purdue University. Mike received his bachelor’s degree in Microbiology from the University of Michigan, Ph.D. in Biochemistry from Purdue University, and MBA from the University of Chicago Booth School of Business.
Cameron Ford » firstname.lastname@example.org «
Cameron earned his Ph.D. in Business Administration from Penn State University before joining UCF. Cameron’s scholarly interests focus on creativity and entrepreneurship by describing how novel ideas evolve, gain legitimacy, and attract resources during the new venture emergence process. His research has appeared in over 60 academic papers including publications in journals such as the Academy of Management Review, Journal of Management, Journal of Organizational Behavior, Journal of Applied Behavioral Science, and IEEE Transactions on Engineering Management.
- Who can apply?
- Any current UCF student may apply. Upstarts is for UCF entrepreneurs who have a product or service which is currently selling or almost sale ready. It is not for UCF entrepreneurs who “have an idea”. Those entrepreneurs should contact the Blackstone LaunchPad.
- How do I apply?
- The application form link is below. You and your team should fill it out and send to Mike Pape at email@example.com. We recommend you take adequate time and thoughtfulness with this application as it will reflect your desire to seriously accelerate your venture.
- What is the benefit of working out of the UCF Upstarts Student Venture Accelerator?
- You and your team will interact with other like-minded and like-actioned entrepreneurial students. Your similar lifestyles as student entrepreneurs will motivate you to accelerate your venture forward. Other programs within Upstarts will give you 1-on-1 mentoring with experienced entrepreneurs and exposure to fundamental business practices to power your venture forward.
- What resources are provided to new ventures that are accepted into the program?
- Regarding facilities, you will be given office space to call “home” so you can meet with your team and work intensely on your venture. Regarding expertise, you will be rubbing shoulders with elite aspiring entrepreneurs and those with extensive hands-on startup experience.
- How much does the program cost?
- There is no cost to apply and no cost if you are selected to be an Upstarts Venture. The “cost” is your commitment to accelerate your venture!
- Does the UCF Upstart Student Venture Accelerator take an equity position in the new company?
- Does the UCF Upstart Student Venture Accelerator provide funding?
- Currently we do not provide funding. However, Upstarts staff will provide extensive training in how to fundraise from a variety of sources.
- What types of ventures are accepted into the program?
- All types of product and service ventures are accepted including those in IT, life science, consumer, engineering, and manufacturing. We encourage technology-based startups to apply even if they do not envision selling a good or service within 8 months. We will strongly consider mentoring technology founders to help them start the company on the right trajectory.
- Do the applicants have to stay in the program for the entire Fall and Spring semesters?
- We strongly encourage all Upstarts Ventures to fully engage in the program for both semesters.
- What if the new venture does not succeed?
- Success for each Upstarts Venture will need to be defined. Different ventures are at different places in the startup spectrum. The goal is to establish value-generating milestones and work toward meeting those milestones. That will be the Upstarts definition of success.
- What protections are provided for my intellectual property?
- The Upstarts staff will guide you through your IP options which includes how much to publically reveal and how to protect your product or process within legally mandated timeframes.
Applications are closed at this time.
If you have further questions, contact Michael Pape at firstname.lastname@example.org.