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Evaluation Criteria
- Applicant should be a new business start-up or new division of an existing company focused on the innovation and commercialization of new products.
- Applicant should demonstrate business concepts and goals that are well defined, technology based, and well aligned with the mission and objectives of the Center, NDSU Research and Technology Park, and North Dakota State University.
- The business must be within one of the technology sectors supported by the Center.
- Applicants must already have a product or developed product concept and must not be in pure research mode.
- The applicant must present a management team that Center staff and Board members feel is capable of handling the technical aspects of the business or understands how to obtain needed technical assistance.
- The applicant must already have a product, technology, or service that can benefit from the value-added services and guidance provided by Center staff, Board members, and the business network. At the same time, the Center staff must feel confident that the applicant has the future ability to exit the incubator and successfully function in the community.
- Applicant should demonstrate the potential for business growth and job creation.
- Applicant must be in primary sector business.
- The applicant must show the ability to pay rent at the Center while working towards an equity investment and/or developing a positive cash flow that will allow them to sustain operations over time.
- The applicant must not be in direct competition with another start-up already located in the Center.
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