TARGET TECHNOLOGY INCUBATOR APPLICATION PROCESS

STEP 1
Company meets with the Incubator Director to determine if the program and facility is a good fit for the
company at its present stage of development. The Director explains the programs and services offered for tenant companies and non-tenant affiliate members.

STEP 2
Company submits application, business plan and financials. The Director will assist the applicant in
determining what information is required and what is an acceptable business plan at this stage.
Financials may include:
-Business balance sheet
-Historical profit and loss information for last 2 to 3 years (if applicable)
-Cash flow projections for 1 to 3 years
-Sources of working capital for at least the first 6 months in the Incubator
-Estimate of future funding requirements
-Personal financial statements from principals who own 20% or more
-Personal credit reports will be required from principals

STEP 3
The prospective tenant will work with the Director to determine the prospective client’s space and facility requirements. The prospective tenant and the Director will discuss the goals for the business and how the Incubator can best assist the business in achieving those goals.

STEP 4
The final step in the application process is an invitation to the subject company to present its application for tenancy and business plan to the Incubator Advisory Board. This presentation will be limited to 30 minutes and its purpose is to evaluate if the company meets the application criteria for tenancy, and how the members of the Board can best assist the business in achieving its goals.

STEP 5
Companies accepted as tenants, sign a lease agreement negotiated with the Director. Leases are for 6 months, and renewable up to 5 years.

STEP 6
New tenants are welcomed to the Incubator!

Download Tenant Application Form in PDF format