|
Candidates for admission must meet the definition of a technology-based
company and must evidence the ability to commercialize a technology-based
product, process or service venture via a business plan.
A technology-based company is one which pursues commercial applications
of science-based innovation’ employs a high proportion of technicians,
scientists or engineers; or requires extensive R&D to produce new
products or services.
It is the policy of the Business Technology Center that a completed application
form and business plan be submitted to the Executive Director and approved
by the Tenant Committee.
- The business plan should address:
- Company organization (business description)
- Products and services
- Proprietary technology
- Market assessment and sales forecast
- Status of research and development
- Manufacturing methods
- Financial plan and 3 year forecast
- Sources of capital
- Future financing requirements
- Business plan goals will be reviewed quarterly by the Executive Director
and/or the BTC Business Development Consultant.
It is the policy of the Business Technology Center to require lease agreements
of all tenants.
- Following the initial one year lease, negotiation of a subsequent
lease is dependent on progress toward the business plan objectives,
and subject of approval of the Board Tenant Committee.
- The lease contains clauses stipulating the payment of a security
deposit with the first month’s rent, a penalty for late payment
of rent, and the Center’s right to evict any tenant found in violation
of the lease agreement.
- Basic services are to be included in the rental agreement to be provided
by the Business Technology Center per the current “Rent and Basic
Services” policy.
- Rental rate are described in the “Tenant Rent Structure”
policy.
It is the policy of the Business Technology Center to provide a framework
for expectations of business progress leading to termination of the incubation
period based upon BTC’s “Graduation Guidelines”.
The following questions need to be answered and provided to the BTC for
consideration as a client. It is important that the summary be no more
than three pages in length.
What we do:
Provide a description of the business proposition (the range of products
and services). Describe the significant problem that your business addresses.
How we do it – What makes us Unique:
Describe the key differentiating factors of your business that will
allow you to gain, sustain and grow a market position (what’s
your unfair advantage).
How we make money
Describe the revenue model for the business. Provide details of the
primary revenue source and mention others if appropriate.
Who we do it for:
Describe the market, the purchase decision makers in the market, the
sales and distribution channel(s), and the sales cycle. Insure that
the information is specific to your business opportunity vs a generalization
of the industry.
How large is the market opportunity?
What is the size of the specific market and how much can you expect
to capture annually over the next few years.
What are the competing solutions:
Describe the alternative products and suppliers that offer your customers
a solution. Describe how your solution is superior to the competition.
When can we expect to be successful?
Describe the major milestones and challenges for developing the business.
Who we are and our strategic partnerships:
Describe the principle participants in the business and the positions
that need to be filled. Also describe any strategic relationships with
partners or customers who will cooperate with you in the early stage
of the business. If you have not developed any partnerships, describe
who you will pursue and why.
|
