Incubator Program Selection Criteria

    Adams Hub is now accepting applications for the incubator program and welcomes start-ups who are dedicated to excellence and ready for rapid growth.  To ensure Adams Hub can deliver the value-added services consistent with our Mission, we apply the following criteria for selecting start-ups into our program as outlined below:

          • Demonstrate a need for Adams Hub services and assistance.
          • Have job creation potential – not a one employee business such as a graphic designer or consultant, etc.
          • Founders with commitment, passion, coachability, resiliency, and character.
          • Be a start-up or growth enterprise that fits the Adams Hub mission.
          • Commit to at least one team member on-site, full-time at Adams Hub.
          • Have a strong founder or founding team.
          • A willingness to learn, accept assistance offered by Adams Hub and an openness to being mentored.
          • Have an innovative and scalable business opportunity, preferably with intellectual property.
          • Be a good fit and not in direct competition with other incubator client companies in the Adams Hub.
          • Be willing to take advice and contribute to a positive atmosphere of entrepreneurial support within Adams Hub.
          • Have adequate financial resources to cover program fees, any overhead or salaries for at least 6-12 months.
          • Certify that there are no legal claims or lawsuits pending against the business.
          • Attend a personal interview session with Adams Hub.
          • Have physical space needs that Adams Hub can accommodate.
          • Pass a complete background check.
          • Have plans to remain in greater Carson City area upon graduation from the incubator program.
          • Complete the incubator application form.
          • Submit a written business plan or executive summary that meets the following requirements.

    Selection Criteria Bonus Characteristics:

          • Have a multi-disciplinary founding team with proven start-up or growth experience.
          • Have an outside advisory team and professional service providers (legal, financial, strategy, technical, etc.).
          • Have or are working on a prototype or developed product.
          • Have founders willing to take personal risk and/or put up personal assets.

    Upon Admission to Adams Hub incubator program:

          • Attend regularly scheduled meetings with Adams Hub management personnel to review milestones, evaluate progress, and explore options for business development.
          • Submit an annual performance report to Adams Hub management and submit semi-annual reports.
          • Attend periodic group events arranged by Adams Hub and generally take advantage of opportunities to network with service providers and other Adams Hub clients.
          • Attend meeting with Adams Hub management to discuss relationships with Adams Hub and its network of mentors and providers.
          • Abide by all the rules and regulations of Adams Hub.
          • Get ready to grow!

    Incubator Application: Business Plan or Executive Summary

    If you have already created a business plan, please submit your plan as the more information Adams Hub has about your start-up, the better recommendations and assessment we can provide.  If you do not have a business plan, an executive summary is needed as part of the application process.  The executive summary, at a minimum, needs to include the following information for the Adams Hub Selection Advisory Board:

          • Description of the product/service (what are the unique features or benefits and your venture’s competitive advantages).
          • Description of the intellectual property, business model and how the business will make money.
          • An overview of the target customer and industry (market dynamics: size, growth, and sub-segmentation).
          • Estimates or projections for product/service costs, pricing and sales over a 3 year period.
          • A description of the major service/product milestones to be accomplished over the next 1-2 years.
          • A discussion of how the business will be sustainable or funded for a minimum of 6-12 months.
          • Overview of the founder’s education, career and applicable experience.