See below for most frequently asked questions.
What is the selection process?
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.
What is the selection criteria?
Preference is given to businesses that meet the goals of the incubation program.
How long is the incubation period?
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.
What kinds of businesses are eligible?
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.
What kinds of businesses are excluded?
Retail, branches, affiliates, franchises, and subsidiary operations are not allowed to participate in the NBIC program.
What are tenant requirements?
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.
Do I have to stay one year?
No, you may terminate your lease with a 60-day written notice.
Can my participation be terminated in less than a year?
Yes, with a 60-day written notice.
Can I participate in the program if I do not need office space?
Yes, the Incubator Without Walls program is designed for virtual clients and does not have a residency requirement.