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FAQ

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See below for most frequently asked questions.

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[av_toggle title=’What is the selection process?’ tags=”]
All applicants must submit an application package.  NBIC staff will review your application for completeness.  The admissions committee will make a final decision regarding your business’ acceptance into the program.
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[av_toggle title=’What is the selection criteria?’ tags=”]
Preference is given to businesses that meet the goals of the incubation program.
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[av_toggle title=’How long is the incubation period?’ tags=”]
Participants may stay at the Center a maximum of five (5) years.  Annual lease renewal will be at the discretion of the Board of Directors based on a recommendation from the Executive Director.
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[av_toggle title=’What kinds of businesses are eligible?’ tags=”]
Start-up or existing businesses, corporate, partnership or sole proprietorship, inventors, for-profit and non-polluting industries are welcome to apply for any incubation program.
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[av_toggle title=’What kinds of businesses are excluded?’ tags=”]
Retail, branches, affiliates, franchises, and subsidiary operations are not allowed to participate in the NBIC program.
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[av_toggle title=’What are tenant requirements?’ tags=”]
All traditional incubating clients must submit a business operating permit, have their own furnishings (unless in the Acorn Suites) and equipment, liability insurance as described in the lease, must maintain utility connection for the duration of tenancy.
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[av_toggle title=’Do I have to stay one year?’ tags=”]
No, you may terminate your lease with a 60-day written notice.
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[av_toggle title=’Can my participation be terminated in less than a year?’ tags=”]
Yes, with a 60-day written notice.
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[av_toggle title=’Can I participate in the program if I do not need office space?’ tags=”]
Yes, the Incubator Without Walls program is designed for virtual clients and does not have a residency requirement.
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