BUSINESS INCUBATOR APPLICATION



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Section 1-Personal Information Applicant Name Mailing Address Phone Numbers Date of Application Postal Code Email Website (option) Section 2 Business Overview 1. Business Name 2. Business Type please check all that best apply to your business. Advertising/Promotions Film & Video Publishing CAD Web Design Marketing/Communications Event Management Software Development E-Commerce Business Digital Industry Interactive Software Leisure/Tourism Software & Computer Services Television and Radio Mobile Developments Architecture Development Project Management Financial Services Music production/service Craft/ Design /Fashion Performing / Visual Arts Consultant/legal Services Accountancy Tax/ Payroll Services Recruitment H.R./ Training Other Type of other: Please describe your business 1

3. Does this Business currently exist? No -skip to #5 Yes - complete # 4. Section 2.A Business Operation 4. When did the business start,,20 Do you have a Town of Vegreville Business Licence? Yes No At what stage is your company at? Early Stage (concept stage) Start-Up Stage Operating and Profitable Looking at expansion Looking at international markets Where are you currently operating from? Home Shared office space Other 5. Do you have a business plan? No 1 st Draft Completed 6. Nature of the operation: Sole Proprietorship Partnership Incorporated Non-Profit Organization Other 7. What are your target markets? 8. How will you market/promote your products or services? 2

Section 2.B Business Goals 9. Who are your major competitors? 10. What geographic area are/will the majority of your customer base be located. 11. Please list your short term business goals (1-2 years). 12. Please list your long term business goals (3-5 years) Revenue Projections Based on what assumptions Year 1 Year 2 Year 3 13. Describe your relative experience for this business type. 14. Is this the first business you have started: Yes No -explain: 15. Have you researched any other options for available rental/lease space? Yes No 3

Section 3 - Support Services 1. Which of the following services and support are you interested in receiving? Strategic Planning Marketing Services Expansion Support Financial Planning Taxation Services Funding Sources Succession Planning Partnership Development Business Plan Guidance Accounting Services Contacts to like businesses Access to courses Legal Services Business Mentorship Workshops/Training Insurance 2. Telecommunication needs: Do you require an independent phone line? Yes Do you require internet access connections? Yes No No 3. What types of in house support services will you require? Receptionist Secretarial Copier Fax Machine Mail Handling Conference Room Computer Other Do you currently have an accountant? Yes No Do you need marketing assistance? Yes No All clients may have access to various professional mentors. What areas of expertise would you be interested in connecting with? 4

Section 4- Facility 1. Are you currently occupying a facility (either in your home or at a commercial location)? Yes No If yes, what is your current location? Are you planning on keeping this location? Why or why not? What is your approximate monthly cost for this facility? $ /month If accepted as a client, when would you want to start occupancy in the facility? 2. Will any additional partners/employees need access to your office space? 3. The Facility hours are Monday to Friday 8:30 to 4:30. Would you need additional access to the building? No Occasional Evenings Weekends 4. How do you think participation in the Business Incubator will benefit your business? 5. What do you predict to be your greatest challenge with this business venture? 6. Do you have a preplanned exit strategy and ideas on where you will relocate this business too? 5

Section 5 -Business Financial Information BUSINESS INCUBATOR APPLICATION 1 What are your projections for total net profit? 1-3 months $ 4-6 months $ 6-12 months $ 2. What is the amount and source of financing for operating your business? A. Existing Loan(s) Amount $ B. Cash/Equity Amount $ C. Operating Expenses are/will be covered by sales D. Other 3. Are you currently seeking additional funding for your business? Yes No If yes, please state funds needed: $ Where do you plan to obtain these funds? Please provide three (3) professional references with your business plan and this application. If you need assistance writing your business plan please contact the Vegreville Business Development Centre. 780-632-3801 I am applying for admission to the Vegreville Business Development Centre Incubator. I understand that the information contained in this application will be held in the strictest confidence. I understand that as a part of the screening process, my credit history and financial references may be investigated. I further understand that this application is subject to review and in no way guarantees my admittance to this program and that no liability will be assumed by Vegreville Business Development Centre or any parties within. Signature: Date: 6