{"id":142030,"date":"2024-06-25T08:55:23","date_gmt":"2024-06-25T12:55:23","guid":{"rendered":"https:\/\/www.ucf.edu\/news\/?p=142030"},"modified":"2025-04-15T19:36:48","modified_gmt":"2025-04-15T23:36:48","slug":"company-founded-by-ucf-alumnus-earns-prestigious-air-force-contract-to-propel-innovation","status":"publish","type":"post","link":"https:\/\/www.ucf.edu\/news\/company-founded-by-ucf-alumnus-earns-prestigious-air-force-contract-to-propel-innovation\/","title":{"rendered":"Company Founded by UCF Alumnus Earns Prestigious Air Force Contract to Propel Innovation"},"content":{"rendered":"<p>Helicon Chemical Company, a company using <a href=\"https:\/\/incubator.ucf.edu\/\">UCF\u2019s Business Incubation Program<\/a> and founded by <strong>David Reid \u201912PhD<\/strong>, was awarded a $1.9 million Tactical Funding Increase Contract in May from the U.S. Air Force to accelerate its enhanced-performance solid rocket propellant research and production.<\/p>\n<p>Helicon is the second company to have been awarded a Tactical Funding Increase Contract while using UCF\u2019s Business Incubator\u2019s guidance and services. The first company was Red Six Aerospace, Inc. which received a contract in 2022 for developing an augmented reality system.<\/p>\n<p>Reid says he is proud to continue developing his propellant technologies and collaborate again with the U.S. Air Force.<\/p>\n<p>\u201cThis marks a significant step in making the Helicon technology available for government and commercial use,\u201d he says. \u201cHelicon is extending on previous work with the Air Force to use our technology to improve the performance of solid rocket motors for various systems. The underlying nanotechnology has broader uses for commercial space, improved high temperature performance for semiconductors, and improved performance for solar energy cells.\u201d<\/p>\n<p>The Tactical Funding Increase was awarded by AFWERX, a collaborative innovation arm of the Air Force Research Laboratory and Department of the Air Force.<\/p>\n<p>The award is designed to help bring innovative technologies \u2014 like Helicon\u2019s rocket propellants \u2014 into use by the Air Force and other Department of Defense customers on an accelerated timeline, Reid says.<\/p>\n<p>\u201cThe program is specifically designed to assist companies in bringing a key technology across what is often referred to as the \u2018Valley of Death,\u2019 the place where promising technologies tend to have issues moving from the research to the production domains so that the technology can actually get into the hands of our soldiers, sailors, airmen, and marines,\u201d he says.<\/p>\n<p>Reid founded Helicon during his final year of graduate studies at UCF under the mentorship of <a href=\"https:\/\/mse.ucf.edu\/\">Department of <\/a><a href=\"https:\/\/mse.ucf.edu\/\">Materials Science and Engineering <\/a> Chair Sudipta Seal. He later transitioned to chief technology officer from CEO in 2022.<\/p>\n<p>\u201cHelicon is a UCF incubator company that continues to work directly with UCF students and staff to advance and expand the use of its technology,\u201d Reid says.<\/p>\n<p>Helping Reid and the rest of the Helicon team navigate the challenges of growing their business has been so gratifying, says Carol Ann Logue, director of programs and operations for the Innovation Districts and Incubation Program.<\/p>\n<p>\u201cIt certainly speaks to the quality of work coming out of UCF,\u201d she says. \u201cThey\u2019re still with us and they\u2019re still in the process of growing.\u201d<\/p>\n<p>The business incubation program is entering its 24th year of operation and manages nine incubation facilities in Central Florida and adjacent counties. The program offers specialized assistance to nurture and grow emerging companies, Logue says.<\/p>\n<p>\u201cIn addition to supporting many entrepreneurs from the region, we support the commercialization of innovations developed by faculty and graduate students,\u201d she says. \u201cWe\u2019re helping the university fulfill its commitment to positively impact growth in [various] industries and advancing learning objectives. For example, UCF students often are working part-time for these companies, getting hands on experience in their degree field and getting exposure to that world of business dynamics.\u201d<\/p>\n<p>Logue estimates that there are around 130-150 clients at any given time who have applied and been accepted after meeting the program\u2019s specific criteria. They are in the Incubation Program an average of 2-6 years while receiving comprehensive support in establishing and growing their business, Logue says.<\/p>\n<p>\u201cWe do have very specific criteria for assessing companies that come to us,\u201d she says. \u201cThey must solve a problem that exists or a problem that is visibly growing and they can\u2019t be student-run companies. We do have companies that were started by UCF students who then graduated and continued to grow the company.\u00a0 Helicon is a great example of that.\u201d<\/p>\n<p>Reid used specialized facilities, benefitted from mentorship, and gained valuable insights from marketing experts from the UCF Business Incubation Program, Logue says.<\/p>\n<p>\u201cDavid has participated in a lot of our programs,\u201d she says. \u201cHe came to us with his Ph.D. in one hand and a small business grant in the other hoping to commercialize his research. Helicon is a great example of a company who took advantage of the assistance we provide with business management and the critical operational aspect that can sometimes be daunting.\u201d<\/p>\n<p>Helicon\u2019s procurement of this highly regarded contract is impressive, and it shows that the company\u2019s technology is crucial to the <a href=\"https:\/\/www.ucf.edu\/transformative-technologies-and-national-security\/\">field of defense innovation<\/a>, Logue says.<\/p>\n<p>\u201cThe fact that they got this award speaks to how important this innovation is to the needs of the Air Force,\u201d she says. \u201cThere is a continuous call to move critical solutions much quicker into use for national security.\u201d<\/p>\n<p>Those interested in launching or growing their business are encouraged to explore qualifications and apply at <a href=\"https:\/\/incubator.ucf.edu\/\">incubator.ucf.edu<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Helicon Chemical Company was recently awarded a Tactical Funding Increase Contract by the U.S. Air Force for its crucial propellant technologies.<\/p>\n","protected":false},"author":8698,"featured_media":142031,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"lazy_load_responsive_images_disabled":false,"footnotes":"","_links_to":"","_links_to_target":"","_wp_rev_ctl_limit":""},"categories":[15992,4,6,23,24],"tags":[658,16611,3279,14916,202],"tu_author":[],"class_list":["post-142030","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-alumni","category-business","category-community","category-research","category-science-technology","tag-business-incubation-program","tag-department-of-materials-science-and-engineering","tag-nanoscience-technology-center","tag-research","tag-alumni"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.3 (Yoast SEO v27.1.1) - 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