For the first time, the Cal Poly Center for Innovation and Entrepreneurship (CIE) will accept community startups into its SLO HotHouse Incubator program. Applications will be accepted through Nov. 22.
Startups applying for the program must submit a business plan and answers to a series of questions that a committee will review. The committee will look for companies with technology innovation, scalability and high growth potential. Up to four ventures will be accepted into the intense 24-month Incubator starting Jan. 11, 2016.
“Thanks to the community’s support, we are able to accept local startups into our program,” said Judy Mahan, director of the CIE Incubator and Small Business Development Center (SBDC). “Our Incubator Program includes everything needed for early-stage companies to develop into financially stable, high-growth enterprises by providing the tools, training and infrastructure that helps facilitate smarter, faster growth.”
Programming for the SLO HotHouse Incubator includes mentorship, monthly peer-to-peer roundtable discussions, an advisory board for each startup in the program, participation in Pitch Night, networking opportunities, and exclusive access to various entrepreneurial events in the community. Businesses will also be able to utilize all of the CIE SLO HotHouse resources, such as office space, conference rooms and an invaluable peer network.
“This program provides emerging enterprises with a strategic path; a wide array of vital business development services and resources; and ongoing guidance, motivation and support to help new ventures succeed,” said CIE Executive Director Tod Nelson.
This new batch of incubating companies will pay a membership fee of $300 per month for open workspace and $600 per month for enclosed office space.
“Growing in an incubator increases a business’s chance of success and potential for long-term economic impact,” said Jeff Buckingham, SLO HotHouse Community Advisory Board member. “Entrepreneurs thrive when they live in a supportive environment, and when entrepreneurs thrive, so does the local economy.”
Community startups interested in applying for the CIE SLO HotHouse Incubator program should go to www.slohothouse.com.