Proven Economic Impact

According to the 2022–2023 Economic Impact Analysis, UCFBIP delivers significant and quantifiable returns to Central Florida and the State of Florida.

Over a two-year period (2022–2023), UCF BIP generated:

  • $1.25 billion in total economic output
  • $626.2 million in average annual output
  • $697.9 million contribution to regional GDP
  • $413.8 million in personal income
  • 2,835 jobs supported annually
  • $147.6 million in total tax revenue at the local, county, state, and federal levels

These results reflect the combined impact of direct business activity, supply chain spending, and household spending generated by incubated companies and program operations.

Why This Matters for Economic Development Partners

Economic development success is measured by jobs, wages, tax base, and long-term resilience.

UCF Business Incubation Program:

  • Converts innovation into high-wage, high-skill employment
  • Strengthens technology and research-driven industry clusters
  • Delivers an average $10.45 return for every $1 invested by funding partners
  • Anchors growing companies locally reducing talent and IP leakage

This makes UCF BIP a high-performing economic development instrument, not just a support program.

 

Why This Matters for Corporations

Corporations increasingly rely on external innovation pipelines to stay competitive.

UCF BIP provides corporations access to:

  • Market-validated startups generating real economic activity
  • University-derived technologies transitioning into commercial use
  • Pilot-ready solutions that have already demonstrated traction

Corporate engagement is not theoretical, it is tied to revenue, job creation, and regional industry growth.

 

Why University Commercialization Is Central

As part of the University of Central Florida, UCFBIP ensures that research does not stop at publication or patent.

University-generated innovation becomes:

  • Licensed technologies
  • Spinout companies
  • Funded startups
  • Local jobs and taxable revenue

This direct connection between research and regional economic output is a defining strength of the program.