Application

Application Process

If you are interested in joining the V²TC, we’d like to learn more about your business.

To be considered for the incubator program and occupancy in the V²TC, you’ll need to complete the following steps:

Step 1:     Contact incubator staff to schedule an informational meeting and tour of the facility. 

Step 2:      Submit a completed application with the following information:

• Resume(s) of the principle officer(s);
• A non-confidential executive summary describing your business, markets, solution being offered, target customers, etc.

The application is then reviewed by incubator staff and/or members of the advisory committee.  Within a week the applicant is notified of the approval or denial of their application.  If the application is approved, a lease for office space will be reviewed for signature.  

Step 3:      Submit a signed lease.

Step 4:      Apply for Ventura Business License. (Signed incubator lease will waive certificate of occupancy fee.)

Selection Process

Companies applying for tenancy in the incubator will be evaluated by the following criteria:

• The application of a unique technology-based innovation. 
• The venture should have a proprietary product, service, or niche, with a competitive edge.

• A strong business model that demonstrates a well-defined potential market and affords an opportunity for the client to achieve near-term positive cash flow and an eventual sustainable advantage in the marketplace.
• The founding entrepreneurs should have a plan to eventually make a full-time commitment to their venture and be able to support themselves and the development of their firm during its development stage.
• The venture's potential contribution to the local Ventura economy.
• Benefits that the applicant will garner from incubator occupancy.
• Job growth potential
• The adequacy of the startup funds that are readily available.
• The applicants' professional experience and education.
• The impact of planned activities on existing incubator residents.

   

Incubator Application

• Download the V²TC application.