About the incubation process :: NACET
NACET : Northen Arizona Center for Emerging Technologies NACET provides business assistance to startups in the energy, biotech, and other technology-based industries Our Services :: Business Assistance :: NACET
NACET, northern Arizona's technology incubator

How long can I remain in the program?

NACET has no time limit for incubator clients; graduation is based on the strength of your business. However, as a rule, most incubator companies typically stay in a program for 24–36 months. On your first- and second-year anniversaries, we review your progress and recommend ways to strengthen your business and prepare you for graduation. If you feel the need to remain beyond 36 months, you may seek an extension from NACET management.

Business Assistance » The Incubation Process

The incubation process entails six main steps and typically last 24–36 months.

1. Screening interview: You meet with us for an initial assessment of your potential fit as a NACET client.

2. Application: If we immediately recognize that you needs and goals are incompatible with our resources and mission, we may refer you to other community partners and/or programs. If you are a good match, however, we’ll invite you to submit an application.

3. Evaluation: NACET staff, board members, and industry experts (from outside NACET) evaluate your application. This process will involve an ongoing dialogue; our goal is to ensure a good fit between you and us. An important assessment tool for us will be a rigorous analysis of your company’s strengths and weaknesses.

4. Boot camp: Once accepted, you will be required to meet regularly with NACET staff to review your business objectives. We strongly recommend that you attend our Advanced Invention to Venture program (I2V), a 4-day series of workshops designed to accelerate your development and focus your business plan.

5. Incubation: You can begin using NACET’s consulting and support services to help you plan, manage, market, and finance your business. You may also be eligible to move into our state-of-the-art facility, although you are not required to do so.

6. Graduation. Your incubation period ends and your business graduates from the program.