Frequently Asked Questions
What is a business incubator?
A business incubator program provides the environment
the tools, and infrastructure required for new businesses to develop,
sustain, and prosper within a certain time frame. The objective
is for businesses to graduate once they develop solid financial standing.
Businesses participating in an incubator setting are provided with multiple
resources geared and specifically structured to assist with business
development and growth. The small businesses that qualify and choose to
start-up in an incubator setting provide themselves with the exceptional
and distinct advantage of being able to network and share ideas with
other companies in similar positions.
How do I apply?
Interested parties are able to apply online here
or have the option of picking up an application packet at the Auburn Research
Park, Building 570. For additional information concerning this process, please
contact Phil Dunlap at 334.844.7462.
How is entry to the incubator determined?
Incubator personnel review all applications, and determine qualification
on a case by case basis according to eligibility and requirements.
A company, not individual, will be accepted based upon the review of an
application; all interested businesses are required to complete and
submit an application.
How long does a business typically stay in an incubator setting?
2 - 4 years
Do I need a business plan?
A business plan is not required to qualify for admittance into the
incubator program; however, a business plan should be developed
within the first year.
Will the Auburn Business Incubator write the business plan for me?
No, but the incubator will help link you with assistance in developing
a business plan.
What does Auburn Business Incubator expect from me as a client/tenant?
Client must show progressive growth in business development
The client must adhere to the terms of the lease and the policies and
procedures as described in the Tenant Handbook and Building Manual.