|
Q. |
How
much equity do I give up if I
participate in the Gwinnett Innovation
Park?
|
| A. |
We
do not automatically get an equity stake
in each company in the Incubator
program.
We accept companies into the Incubator
without requiring an equity stake in
their company and companies are free to
raise capital from any source. We
can help with introductions.
All companies in the Incubator
pay monthly fees for rent, utilities,
phone etc. and we make available to all
companies the same resources and
services as described in the What We
Offer section.
|
|
Q. |
How
are you different than other privately
sponsored incubators?
|
| A. |
One
difference is that we do not
automatically get an equity stake in
your company just for being part of the
Incubator.
Secondly, we provide a supportive
but non-smothering environment that does
not squash the entrepreneurial drive.
We make lots of resources
available to each company and you –
not the Incubator staff – decide what
you want to take advantage of on your
own schedule. We make suggestions but
don’t control your company
|
|
Q. |
Do
you have any references from current and
former Incubator companies?
|
| A. |
Yes,
see the section entitled “Views” to
find out what entrepreneurs think about
our incubator.
|
|
Q. |
How
much help and what kind can the
Incubator provide?
|
| A. |
Our
services and resources are described
under the section “What We Offer”.
|
|
Q. |
What are the lease rates and terms?
|
| A. |
Lease
rates vary depending on the type and
size of space your company uses in the
Incubator. We are typically below market
rates for comparable space, considering
the significant amount of shared
conference rooms, break room etc. and
services that companies have access to
in addition to their leased space. Our lease terms are from 6 months to three years, depending
upon the client requirements.
|
|
Q. |
How
do I apply?
How do you evaluate applicants?
|
| A. |
After
reviewing the information on this site
about the Incubator, send an email to bherron@intelsys.com
expressing your interest.
You will be sent a short
application form.
Companies are accepted based on
product and market characteristics,
management attributes, availability of
suitable space, financial status and
“fit” with our Incubator style.
|
|
Q. |
Can I hire the Incubator advisors as
consultants if I don’t participate in
the Incubator?
|
| A. |
No,
we do not provide consulting services
for fees. We work with Incubator
companies that reside in the Gwinnett
Innovation Park– and do not charge
separately for these services.
|
|
Q. |
How
long do companies stay in the Incubator?
|
| A. |
Usually
between two and three years.
We don’t have rigid graduation
requirements but work with each company
on a schedule that makes sense for them.
Typically, companies leave when
they have achieved financial stability,
are able to make long-term lease
commitments, no longer need our business
advice, or are acquired.
|
