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The University of Central Florida was established on June 10, 1963 when the Florida State Legislature passed, and Governor Farris Bryant subsequently signed into law Bill No. 125. The Board of Regents appointed Charles Millican the first president of the new university in 1965. Millican, with the consultation of a citizen advisory group, would choose the name Florida Technological University as well as co-design the school's distinctive "Pegasus" seal. Before the university was constructed, the land where it would be was desolate farm land. In fact, the first time that Millican went to see the land where the new university would be, he could not find it and had to return weeks later with specific directions from the Chancellor of the Board of Regents.
In March 1967, Florida Governor Claude Kirk presided over the groundbreaking of the new Florida Technological University. Eighteen months later on October 7, 1968, classes began with 1,948 students, 90 instructors and 150 staff members, in the school's first academic building, the library. During the university's inaugural year, fifty-five degree programs were offered within its five colleges: Business Administration, Education, Humanities and Social Sciences, Natural Sciences, and Engineering and Technology. The university's first mascot was the Citronaut, a mix between an orange and an astronaut.