Entry Process

The purpose of the entry process is candidates' evaluation based on the entrance criteria of the incubator and a sort out of the candidate enterprises in order to be financially - viable and active in specific interest fields. During this process there is an introduction between the enterprise and the incubator which is able to help the candidate to be conformed to the incubator's specifications. By the end of this process the candidate becomes an incubating company.

STEP 1: APPLICATION SUBMISSION

The candidate – enterprise applies for entrance to the incubator and compiles an innovation report validates its novelty and presents the firm’s profile to the incubator team.

Deliverables

  1. Entry application
  2. Innovation Report

Average Completion Time: 20% of the total process time

Related Documents

  1. Application
  2. Innovation Report

STEP 2: APPLICATION EVALUATION AND ANALYSIS

The evaluator analyses the available data according to incubator criteria and compiles an evaluation report to the Entry Committee (or to the responsible for entry authority). This report constitutes the main characteristics of the candidate and a proposal of the evaluator for any changes in order to improve the candidate’s operational data (pre – incubation phase).

Deliverables

  1. Entry Evaluation Report
  2. Innovation Report Examination

Average Completion Time: 50% of the total process time

Related Documents

  1. Evaluation Report

STEP 3: ENTRY COMMITTEE DECISION

There is committee conference based on the evaluator's report and the entrance criteria. The committee is the responsible to decide whether or not the candidate is ready to be one of the incubating companies.

Deliverables

  1. Evaluation Reports Examination
  2. Final Decision

Average Completion Time: 15% of the total process time

Related Documents

  1. Final Decision

STEP 4: ENTRY

If the Final Decision is positive there is a transaction of every legal action in order the enterprise to become an incubatee enjoys the privileges of the incubator through the services provided. Also incubator's stuff orientates the new incubatee to all facilities, available services and arranges meetings with all the other incubator companies and partners. Lastly all necessary arrangements are being settled regarding space (floor, m2), utilities (electricity, data, internet, telephony, etc), parking, recycling, and use of all other common infrastructure like meeting rooms, multiple use rooms, computer room, photocopy machines, portal etc.

Deliverables

  1. Contracts (space, other services)
  2. Full Account

Average Completion Time: 15% of the total process time

Related Documents

  1. Legal Documents
  2. Operations Guide
  3. Brochures
  4. Prospectus