An incubator needs to have a system in place for gathering information from prospective tenants to assess their suitability. This article links to the 'Request Form for Participation in Business Incubator' which is a template form for gathering relevant information from businesses interested in joining an incubator.
Objectives
Identification of the business proposals more likely to succeed.
Key Issues
1) Business Plan forwarding, presentation and assessment (See attachment Request Form for Participation in Business Incubator).
2) Presentation of selection process results to enroll in the incubator
Responsible Parties
Professionals trained in business plan analyses.
Indicators
- Number of proposals received for selection purposes;
- High percentage of feasible business plans selected.
Results
Increase the percentage number of successful companies at the post-incubation phase