The UCF Business Incubator - Winter Springs is supported in partnership by the University of Central Florida Research Foundation, Inc., Seminole County, the City of Winter Springs, and the Florida High Tech Corridor Council. The purpose of the Incubator is to encourage job growth and economic development with later stage incubator companies. The UCF-Winter Springs Incubation program contributes towards furthering Seminole County's economic development goals.

This full-service incubator is located in the City of Winter Springs and offers entrepreneurial training and services, including business growth support, management assistance, mentoring and coaching, marketing, financial analysis and access to capital, educational programs, professional referral networks, and a supportive networking environment for emerging businesses. 

Since opening in 2008, the UCF Business Incubator-Winter Springs has graduated 26 companies, with a direct, indirect, and induced employment impact of over 1,000 employees.  Twelve of these companies continue to operate and grow in Seminole County, with more than 200 direct employees.

In addition, for the last 14 years, the UCF Business Incubator-Winter Springs has become an educational business hub for the southeast portion of Seminole County, with more than 3,776 business owners or entrepreneurs participating in educational seminars or events. In 2020 the incubator also expanded services to serve more businesses, especially those affected by the pandemic. 

The funding provided in FY2018/19 was $240,000, which was increased to $250,000 in FY2019/20 and sustained in FY2020/21. 

The funding assistance requested is $250,000 for FY2021/22; $250,000 for FY2022/23; and $250,000 for FY2023/24 for a total of $750,000 grant over three (3) years. 

The requested amount of $250,000 is available in the Fiscal Year 2021/2022 Budget for this item.