Incubator Eligibility Criteria 

 A business must meet all of the following criteria to be eligible to apply for acceptance into the incubator program: 

• Must attract new, external revenue to the community through sales in order to grow the local economy, create new employment opportunities and expand the tax base.
• Must serve a larger-than-local market and not duplicate services and products currently available in the community.
• Must be scaleable – in other words, exhibit growth potential.
• Must be “bankable” and/or “investable” – in other words, must exhibit ability to obtain financing or to attract investors and provide a reasonable return.
• Must hold potential to create new jobs, preferably above average paying jobs.
• Must be a start-up or early stage venture, or an existing business expanding into new markets or lines of business.
• Preference will be given to businesses engaged in:

·         information technology

·         manufacturing

·         other enterprises based on secured intellectual property. 

• At this time retail, professional service and wholesale service businesses will not be considered.  However, a unique business-to-business service venture that meets the other criteria may be eligible.
• Financial need is NOT a factor in determining