We are a community based technology incubator. Additionally, we embrace and model the best practices of the National Business Incubation Association (NBIA). Some of those best practices include:selection process for admittance; business assistance programs; established parameters for graduation; and provide office space and services for business launches. Also, other providers of business support do not offer the combination of services or high-level support we offer. (ie. Tech transfer, VC, partnerships, acceleration of your businesses success.)
In general, available space is determined by client needs and NIIC capacity. Such variables as client staff size, wet or dry lab requirements, and client-owned equipment are taken into consideration.
Beyond the extensive and affordable business accommodations and amenities available to NIIC residents, there are numerous other benefits offered to clients, both resident and affiliate:
· Access to our large network of Angel investors and other sources of venture capital and business funding.
· Our professional staff of trainers, coaches and subject matter experts to guide you smoothly through business operations, new product innovation, and market commercialization.
· Publicity and promotion through frequent and regular exposure in state, regional and local business publications and news outlets.
· Being part of a committed group of energetic entrepreneurs with like-minded goals, ambitions and industry clusters. The many opportunities for mutual support, inter-company cooperation, and knowledge sharing make business venture formation at the NIIC a “community” experience, with the camaraderie, peer support and intellectual stimulation reminiscent of a college campus.
· Direct access to the NIIC network of business service providers, from tax, accounting and financial planning assistance, to legal representation, patenting and intellectual property protection, competitive and market research, advertising, marketing, public relations, and sales promotion, just to mention a few …
The CEE is a knowledge hub (one stop resource for entrepreneurs) and catalyst for the promotion of entrepreneurial activity and success in Northeast Indiana. It is designed to meet the need, identified in the Strategic Development Group study of northeast Indiana, for more higher-level, sophisticated and complex needs [product development, marketing, gap financing, research, strategy] of all entrepreneurs through the vehicles of entrepreneurship education, experiential learning/growth and consulting.
Business incubators nurture the development of entrepreneurial companies, helping them survive and grow during the start-up period, when they are most vulnerable. Business incubators provide their client companies with business support services and resources tailored to young firms. These services and resources include management guidance, assistance with business planning, and help obtaining financing. Incubators typically also offer companies rental space with flexible leases, shared basic office services and access to equipment – all under one roof. The main goal of most business incubation programs is to produce companies that create jobs and wealth in their communities.
Yes, the NIIC lease covers utilities — water, electricity, gas, and sewage disposal — so long as clients are not overusing utilities. If a client has demonstrable, independent need of additional utility services beyond those provided by the NIIC, such arrangements will be negotiated on a case-by-case basis, with installation and service charges being the responsibility of the client in most cases.
The National Business Incubation Association (NBIA) is the world's leading organization advancing business incubation and entrepreneurship. Each year, it provides thousands of professionals with information, education, advocacy and networking resources to bring excellence to the process of assisting early-stage companies. A nonprofit 501(c)(3) corporation founded in 1985, NBIA is the world’s oldest and largest incubation industry organization. As an “umbrella” organization, NBIA serves and advocates for all segments of the industry, ranging from high-technology and industrial incubators to special-focus and for-profit incubators.
Technology companies arrayed across five general categories: biomedical devices, information processing, lean manufacturing, transportation, and advanced materials. NIIC clients are high-potential start-ups and existing companies expanding in new directions. All hold great promise for new jobs creation and area economic expansion.
While such industries may fall outside the NIIC’s mandate for incubation residency, our affiliate programs make entrepreneurial and business venture training, coaching and education available to a wide range of industries on a non-resident basis. Further, the NIIC has a broad network of other business development and support resources to which aspiring companies can be referred. Our knowledge of and close working relationships with business resources and other developmental organizations, as well as our close ties to the region’s educational community, make the NIIC a virtual “one stop shop” for new venture resources, capital access, and business best practices, whatever your industry, interests, or stage of development.
· Fostering of technology and knowledge based entrepreneurship
· Development and retention of local and regional talent
· Enhanced availability of, and access to, capital resources for business formation and new venture support
· Expanded educational opportunities and achievement at all levels, from K–12 and higher education to life-long learning through innovative, on-demand channels
Entrepreneurship education includes instruction in opportunity recognition, marshaling resources in the face of risk, and initiating a business venture. It also includes instruction in the business management processes such as business planning, capital development, marketing, and cash flow analysis.
A great idea with strong commercialization potential, a drive to attain entrepreneurial excellence, a support group of outside advisors (preferably with successful entrepreneurial experience), a willingness to seek and act on professional advice, a high potential for sustained jobs creation and area economic development, and a technology / knowledge oriented business plan in line with the NIIC’s targeted industry clusters (biomedical devices, information processing, lean manufacturing, transportation, and advanced materials).
No. Office furnishings are included as part of each lease. Upon applying for and receiving written consent from the NIIC, clients may supply additional or substitute furnishings of their own, but doing so will not result in any lease rate reduction.
Because NIIC lease arrangements are “packages,” including many shared services, programs and amenities beyond simple office space, the NIIC does not define leases in terms of square footage rates.
· We are ISO9001:2000 certified. We not only teach best business practices, we apply them ourselves. To our knowledge, we are the only Indiana business incubator to achieve this certification, and one of only a handful in the entire country.
· While many business incubators are direct programs of specific colleges and universities, the NIIC has affiliations and cooperative relationships with almost every educational facility in Northeast Indiana, including:
People sometimes use the term “business accelerator” as another term for “business incubator” in an attempt to differentiate themselves in the market. During the recent dot-com boom, numerous terms like “accelerator” emerged to describe business incubation programs. In the current market, many of these terms have fallen away, but “accelerator” remains a relatively popular term to describe business incubation programs.
In general, leases may be terminated by either party upon adequate written notice as detailed in the lease agreement. The NIIC may terminate lease agreements due to non-compliance with lease terms, or by virtue of the client’s “graduation” from the NIIC; such conditions may include any of the following:
· Non-payment of rent and/or service fees
· Violation of lease or services agreement
· Inability to participate in Innovation Center programming
· Inability to grow or meet growth objectives
· No longer meets the general or specific guidelines
· Harassment or discrimination in any form.
· Business completes 5 years in Innovation Center Program (subject to exception on a per client basis)
· Client has employed twenty-five or more employees to work at the Premises
· Space requirements of the business exceed incubator capacity
· Client makes a public offering of its stock
No. today, we do not require any equity in the companies entering incubation . However, NIIC reserves the right to negotiate equity/royalties based on the value of its in-kind services or cash infused into the business. NIIC does take equity for investments made by its in-house early stage LEAP Fund.