During today’s meeting of the Osceola County Board of Commissioners, the Board unanimously agreed to enter into a Memorandum of Understanding (MOU) between the County and SkyWater Technology to replace the University of Central Florida’s (UCF) role with BRIDG and NeoCity.

As approved, the County and SkyWater will have at least 60 days to come to a formal partnership agreement. The MOU describes some of the shared goals of the partnership, including:

• Taking UCF’s place in the lease agreement for the Center of NeoVation;
• Operating the Center of NeoVation at its full capacity;
• The resumption of BRIDG as a non-profit;
• The continuation of BRIDG’s contracts with the Department of Defense (DOD);
• The investment of millions of dollars into NeoCity;
• Applying for the proposed new Federal Advanced Packaging National Manufacturing Institute; and
• The creation of at least 220 jobs at the Center for NeoVation.

Today, the Osceola County Board of Commissioners released a proposed Memorandum of Understanding (MOU) between Osceola County and a potential partner, which if agreed to at the upcoming County Commission meeting on Monday, would replace the University of Central Florida’s (UCF) role with BRIDG and NeoCity, while renewing the original vision for NeoCity.

Plans to develop four hotels on about 200 acres of county-owned land at Osceola Heritage Park and NeoCity are now underway.

The Osceola County Commission last month voted to work with Riviera Point Development Limited, out of Miramar, Fla. on the project.

Riviera Point will lease the land from the county for anywhere from 20 years to 99 years, said Kerry Godwin, director of planning and design for the county.

The Department of Defense has awarded the first, of potentially many, contracts to NeoCity’s BRIDG to develop advanced microelectronics. The Department of Defense’s Industrial Base Analysis and Sustainment (IBAS) program awarded BRIDG a contract worth more than $20 million to create a new process to develop the next generation of microelectronic chips that will help secure the United States defense industrial base.

A partnership between Tokyo Electron (TEL) with BRIDG announced this week to develop tool and process technology needed to further enable collaborative approaches for development-to-commercialization of technologies and applications that accelerate commercialization of emerging technologies drew praise for Osceola County officials.