Nationally recognized as an "entrepreneur in the business of helping entrepreneurs," Dr. Tom O'Neal is dedicated to creating and supporting successful and sustainable innovation ecosystems in Florida, USA and worldwide. Tom's efforts focus on building strong research programs at UCF and the transfer and commercialization of research results into the marketplace. This work helps to build an innovation based economy for Central Florida.
Currently, Tom is the Associate Vice President of Research & Commercialization at the University of Central Florida (UCF). He also serves as the Executive Director of the UCF Business Incubation Program (UCFBIP) and the Florida Economic Gardening Institute (FEGI). Some of his areas of responsibility include the sponsored programs office, technology transfer, compliance, the venture lab, the UCF Business Incubation Program and the Florida's Economic Gardening Institute. Tom has been part of UCF's Office of Research & Commercialization team working to help UCF become a leading metropolitan research university since 2000. He also serves as a core member of the Florida High Tech Corridor Council.
Tom has assisted in the formation of numerous companies and the commercialization of technologies developed at UCF. In 1999, Tom established the UCF Technology Incubator of which he serves as the Founding Director. Under Tom's leadership, The UCF Business Incubation Program (UCFBIP) has expanded to 10 locations. The UCF Business Incubator earned "Incubator of the Year" by the National Business Incubator Association (NBIA) where he currently serves as a board member and has "helped more than 170 emerging companies that create more than $500 million in annual revenue and accounted for more than 1,650 new jobs in the local area in 2009, with an average salary of $59,000." firstMONDAY magazine. (December 3, 2010).
Tom joined the UCF staff as the Associate Director for the Center for Research and Education in Optics and Lasers (CREOL) in 1991. In this capacity, he was responsible for the business and administrative functions of the Center. The Center has become one of the nation's top centers for education and research in optical sciences and engineering.
Since 1975, he has been an active member of the business community in Florida. He founded his first start-up company at age 18, which he successfully operated until pursuing a full-time college career. Tom then entered the high-tech business arena as a project engineer for a computer manufacturing company. Prior to joining UCF, he served as a Technology Specialist and Financial Director for a $40 million project with the Defense Advanced Research Project Agency for Florida's state university system.
Tom's research interests include the subjects of business incubation, entrepreneurship, and economic development; his dissertation was on effective incubation practices. He has secured funding from the Kauffman Foundation, the NSF, the NCIIA, the DOE, and many state and government agencies and others to support entrepreneurship and innovation initiatives. He is the current president of the Florida Business Incubation Association (FBIA) and serves on the board of the National Business Incubator Association. The latest initiative under his direction is serving as the Director of Florida's Economic Gardening Institute, a program designed to assist second stage growth companies.
Tom earned a Ph.D. in Industrial Engineering, a Master of Science in Engineering Management and a Master of Business Administration from the University of Central Florida. He earned his Bachelor of Science in Electrical Engineering from the University of South Florida.
With support from organizations like GrowFL and the entrepreneurs they serve, Florida will be a stronger and more resilient state. In fact, a recent report by Florida Tax Watch noted that continued investment in GrowFL programs to help scalable growth companies would produce an added 43,000 private sector, non-farm jobs statewide, with an average salary of over $97,000. Also, these efforts would help to produce more than $4.6 billion in added personal income for Floridians. Entrepreneurial support and advancement are indeed good for all of Florida, the USA and the world.