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 describes the facilities and explains the programs and services offered for tenant companies.
STEP 2
Company submits application, business plan and financials. The Director will assist the applicant in determining what information is required and what an acceptable business plan is at this stage. Financials may include:
- Business balance sheet
- Historical profit and loss information for last 2 - 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
STEP 3
The prospective tenant will work with the Director to determine the prospective client's space and facility requirements and stage in The Incubator Guided Access Process (GAP). 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 The Incubator GAP Review 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 and Telecommunications Agreement with the Director. Leases are for six months, and renewable up to five years.
STEP 6
New tenants are welcomed to the Incubator! Please contact the Director at director@theincubatoratlincolncenter.com or call 360-565-2060 for application form.
OR download the Tenant Criteria and Client Application form (click here)cbi-application-042006.doc