Innovation Center @ Wilkes-Barre Prospective Tenant Application:
In order to be recognized as a candidate for being a tenant company at the Innovation Center you must complete the following:
STEP 1 Company meets with the Incubator Director to determine if the program and facility is a good fit for the company at its present stage of development. The Director explains the programs and services offered.
STEP 3 Company submits complete Business Plan. Business plans must include an analysis of the market for the product or service, identification of competitors, financial statements, including proof of existing capital to cover the proposed expenses and incubator fees, proposed exit strategy and biographies of the management team. The business plan will be subject to a thorough review of the product, the market for the product (including assessment of the competition), approach to marketing, and the financial status and projections. Those who do not have a complete plan may receive assistance in completing their business plan through the Wilkes University Small Business Development Center (SBDC).
STEP 4 The prospective client will work with the Director to determine the prospective client’s space and facility needs and whether they can be accommodated by the Incubator.
STEP 5 Company presents Business Plan to the Incubator’s Advisory Board. The final step in the application process is an invitation to the management team of the subject company to present its business plan to the Board. This presentation will be limited to 30 minutes and its purpose is to evaluate both the plan and the management team's ability to execute the plan. Following this review, either the application will be accepted, rejected or tabled for additional information.
STEP 6 Companies accepted as tenants, must sign a Lease Agreement. Since the facility has been supported by public funding, certain employment and reporting requirements will be included in the lease.