Resources

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FAQ

The Nashville Business Incubation Center is an Entrepreneurship Program.  Participation in the traditional incubation program includes rental space in the center.  Below is information on program participation.

• 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) year.  Annual lease renewal will be at the option and discretion of the board of directors based on 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.

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HELPFUL LINKS

Local

• Minority Business Center
• Nashville CABLE-Women’s business network
• Nashville Chamber
• Ms. Biz-Resources for youth entrepreneurs

State

• Department of Revenue
• Launch Tennessee
• Office of Small Business Advocate
• Pick TN Products, TN Dept. of Agriculture
• Regulatory Boards and Commissions
• Tennessee Small Business Development Centers
• Tennessee Smart Start Guide
• Tennessee Trade

Federal

• Business USA
• IRS Small Business Center
• Office of the National Ombudsman
• SCORE
• Small Business Administration
• Procurement & Technical Assistance Center

Funding

• Pathway Lending
• Jumpstart Foundary

Certification

• HUB Zone
• WBENC
• Vet Biz
• MWBE
• 8(a)
• Governor’s Office of Diversity Business Enterprise

Other Service Providers

• The Aspen Institute
• Association for Enterprise Opportunity (AEO)
• Edward Lowe Foundation
• Entrepreneurs’ organization (EO)
• Entrepreneurship.org
• Open IDEO
• National Federation of Independent Business
• Center for Non-Profit Management
• Social Enterprise Alliance
• United Parcel Service

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