
Step 1
Company reviews admissions criteria and makes internal assessment
Step 2
Submission of Application and Executive Summary
- Synopsis of company's strategy for success
- Summary assessment of the market and what the company will bring to the market
- Description of the product or service that the company will offer, the technology the product/service is based on, and how the product/service will be protected
- Brief description of the management team
- Summary of historical and forecasted financial data including revenue and net income. The company must identify its source of working capital for at least the first six months in the incubator.
- Estimate of future funding requirements
Step 3
Company Submits Business Plan
The financial data and business and marketing plans will be subject to a thorough review of the product, the market for the product (including assessment of the competition), approach to marketing, and the financial status and projections for the product. A critical factor in the process is the Admissions Committee assessment of the management team’s ability to execute the plan.
Step 4
Company Presents Business Plan to Application CommitteeDuring the final step in the application process the company’s management team is invited to present its business plan to the Admissions Committee. This presentation’s purpose is to evaluate both the plan and the management team’s ability to execute the plan. The presentation is limited to 30 minutes. The company will be notified within one week of the Admissions Committee’s decision.
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