The Incubator Program welcomes submissions of executive summaries, business plans or a Lean Canvas* from companies that present a high value venture. Candidates should demonstrate the ability to attract commercialization focused Small Business Innovation Research (SBIR) grants, angel investment or venture financing. The goal of the admission process is to identify “radical innovators” that are bringing an innovation to the marketplace that hasn’t existed before.
The admission is based on companies that are developing an innovative, product idea or business concept in areas of information technology or engineering with clear path to commercialization; have management and/or a product development team with relevant experience in target industry or prior entrepreneurial ventures; have a strategy to test, validate, and engage target market; demonstrate price testing; develop a product that is less than 24 months from market ready; and have thought through an exit strategy.
*Lean Canvas is a term trademarked by Ash Maurya and is used to describe an adaptation to the business model canvas released under the Creative Commons license by Alex Osterwalder.
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