Process for Entry

1. Preliminary meeting with Incubator Manager and SBI Business Counselor to discuss goals and objectives of incubator program and applicant’s specific needs.

2. Tour of facility and determination of space availability and client service requirements.

3. Application submitted electronically, please, with required documentation:

a. Business Plan, including milestones

b. Financial Information, including actual historical and 5 year projections

c. References—trade and professional

d. Proof of standing to do business in Maryland

4. EDC staff conduct due diligence and present findings to TAC Advisory Board

a. Credit Check

b. Reference Check

5. Recommendation of TAC Review team based on Criteria for Selection

6. Follow up meeting with staff and prospective client with possible outcomes of application:

a. If accepted into the program, develop milestones for Exhibit E of the License Agreement; or

b. Continued work with counselor needed in order to qualify; or

c. Assignment to waiting list for space; or

d. Referral to alternate program

7. Sign License Agreement

8. Order telephone and other services (usually five to ten business days)

9. Move in!

Provided that the application and all accompanying documents are complete, and there are minimal questions or need for additional information, a decision by the review team may be expected between 14 and 30 days from initial receipt of application.