UCF Incubation Program's Seminole County/Winter Springs Incubator Graduates First Company

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) February 10, 2009 -- WINTER SPRINGS, Fla. - Spectrum Bridge, Inc., which provides new internet marketplace and mapping technologies to help the wireless industry identify, lease and make use of underutilized and available radio spectrum, has become the first client company to graduate from the UCF Incubation Program’s Seminole County/Winter Springs Incubator.

Esther Vargas-Davis, site manager at the Seminole County/Winter Springs Incubator, said Spectrum Bridge has started generating revenue and just successfully completed an $8.1 million round of venture capital funding.

The firm joined the Incubation Program in February 2008, and is currently headquartered in Lake Mary.

Seminole County/Winter Springs Incubator currently serves 10 client companies, eight of which are headquartered at the Seminole County/Winter Springs Incubator facility in the Vistawilla Office Center building on East S.R. 434 and the 417.

The Seminole County/Winter Springs Incubator opened its doors in 2008 to serve high growth startup firms in Seminole County and is a partnership of UCF, Seminole County Government, the City of Winter Springs and the Florida High Tech Corridor Council.

For more information contact:

Esther Vargas-Davis, Site Manager, UCF Incubator–Seminole County, 407-278-4881; evargasd@mail.ucf.edu;
Dr. Tom O’Neal, Executive Director, UCF Incubation Program, 407-882-1120;
Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142

About the UCF Incubation Program

Since its founding in 1999, the UCF Incubation Program has helped more than 100 emerging companies (including nearly 70 current clients) create over $500 million in annual revenue and more than 900 new jobs with an average salary of $59,000. With five facilities across the Greater Orlando community, the Incubation Program is a collaboration in economic development between the University of Central Florida, Orange County, the City of Orlando, Seminole County, the City of Winter Springs, and the Florida High Tech Corridor Council. For more information, please visit http://www.incubator.ucf.edu.

florida     internet     Seminole County     Spectrum Bridge     UCF Incubation Program     Winter Springs