21 May HOW LONG CAN THE BUSINESS REMAIN IN THE INCUBATOR SETTING, AND ARE THERE ANY FEES ASSOCIATED WITH THIS ARRANGEMENT?
In a 1-2 page report explain what the requirements are for becoming a prospective applicant for the business incubator. Do they require submission of a business plan? What resources and services does the incubator provide to the new venture? What are the expectations for the new business if selected as an applicant (growth or product development)? What financial funding resources does the incubator have access to assist clients (i.e. State funding sources, bank loans, bank guaranteed loans, angel networks)? How long can the business remain in the incubator setting, and are there any fees associated with this arrangement?
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