Application for Incubators

Type of incubator application: *

CIED license or GTEC lease

Name of Applicant: *

Email: *

Upload your vCard

Name of business/project/concept: *

Provide a brief description of your business

Do you have a company logo?

Yes

Please upload a vector image

If you would like a logo please contact Joni Murano at joni.murano@sfcollege.edu for logo design help.

1. Is the business legally established?

Yes

2. Business structure and ownership: *

Business Mailing Address: *

City: *

State *

Zip Code: *

Names, addresses, phone numbers of other owners/partners/members:

3. Does the business have a Federal Employment Identification Number (EIN)?

Yes

4. Does the business have a valid County and City Occupational License?

Yes

5. Have you ever owned another business?

Yes

6. How will participation in the Incubator program help the business succeed?

7. Number of employees:

Current:

Full-time:

Part-time:

In one year:

Full-time:

Part-time:

8. How much time each week do you plan to be at the incubator?

9. How many employees (other than the applicant) will be at the incubator each week?

Full-time:

Part-time:

10. How many weekly person-hours (#people x #hours) do you expect to use in the co-working space?

Note: You may be asked to provide date of birth, social security number, credit history and criminal history. Also, any pending judgments against persons or business, IRS back taxes, or liens against businesses.

Business Overview

If you have a business plan, marketing plan, or Lean Canvas, please email to bill.dorman@sfcollege.edu, with proposed business name in the subject field and skip to the end to submit the application. If you do not have a plan, please complete the balance of the questions below.

In a sentence or two, please describe your business model in terms of the business's products/services, benefits to target customers and how you will generate revenue. (For example, CIED helps new companies start and grow by providing access to professional resources and a collaborative work environment for a monthly fee.)

Marketing

1. Can your product/service be patented?

Yes

Unknown

2. Who are (will be) your primary customers?

3. Are your customers different from the end-users of your product/service? If so, how?

4. Describe your target market. What characteristics about them lead you to believe there is demand for your product or service. (These may include size, rate of growth, purchasing characteristics, and noticeable trends.)

5. List your top 3 competitors and describe their product/service, pricing and marketing practices:

6. Describe your business's competitive advantage. How does its product/service answer the needs of your target market and what makes it better than your competitors' product/service?

7. How will your customers learn about the business?

8. How will your customers pay?

9. How will you deliver your product/service?

Personnel

1. Who are the people on your management (or advisory) team? Please describe their roles, responsibilities and relevant skills.

2. What other skills does your team need?

Milestones

1. What are the major steps on your path to growth, and how will you measure your progress?

Financials

If you have financial reports or projections, please email them to bill.dorman@sfcollege.edu, with proposed business name-Financials in the subject field. If not, please answer the following questions.

1. Estimate the financial investment in the business to date: $

2. What has been the source of these funds?

3. Is additional capital required to take your product/service to market and achieve sales goals?

Yes

If you will seek investment or apply for grants, please describe any relevant experience:

4. A year from now, how much will your customers pay for one unit of your product/service? (unit price)

per item

per hour

5. A year from now, how many units could you sell per month? (units sold):

6. A year from now, how much revenue could you generate per month? (unit price x units sold)

7. A year from now, what will it cost you to create one unit of your product/service?

Raw materials? (list on separate sheet if necessary)

Purchased components? (list on separate sheet if necessary)

Production labor? (including payroll taxes)

Shipping? (from your sources of materials and components)

Total variable cost per unit (variable cost)

8. A year from now, what are your monthly variable costs? (variable cost x units sold)

9. A year from now, what other monthly expenses do you anticipate you will pay from your revenue?

Office? (rent/electric/telephone/internet)

Salaries (other than production labor, in variable cost above)

Marketing? (trade shows, travel, website maintenance)

Cell phones?

Licenses, insurance?

Other fixed expenses?

Total monthly fixed costs?

10. A year from now, what is your anticipated operating profit?

Monthly revenue? (#6 above)

Monthly variable costs? (#8 above)

Monthly fixed costs? (#9 above)

Monthly operating profit? (before loan interest and income taxes)