BRC | Incubator/Accelerator

WELCOME…

The Utah Valley University Business Resource Center Business Incubator (BRC Incubator) has been aptly described as a “greenhouse where the seeds of economic activity are sown and nourished.” 

Tenants in our Incubator enjoy the benefits of class A office space with all the amenities of a professional business park environment, including high speed internet services, close proximity to the state’s major freeway, and rent substantially below market rates for comparable space.

In addition, our Incubator tenants participate in free training and counseling designed to grow revenue, help gain access to capital and mentor owners in the successful management of their enterprise.

At its core, the BRC Incubator exists to help create and grow companies and jobs for the benefit of the Utah economy.

How to Qualify to Become an Incubator Tenant:

The Utah Valley University Business Resource Center Business Incubator (BRC Incubator) is a unique resource designed to help young companies grow their business through the launch and early revenue stages of their business life cycles.

To apply for consideration as a tenant in our Incubator, you must first complete Phases I & II of our free Grow Your Business (GYB) training program. GYB training is designed to test the validity of your business idea and the viability of your business model.  Phase I training is conducted monthly. Phase II training is conducted quarterly so engaging in the process as soon as possible is important.

An additional benefit of attending our GYB training is the possibility of qualifying for grants to assist with prototype and business plan development. To apply for our GYB training click here REGISTER.

Please see our Becoming an Incubator Tenant Process

Terms and Conditions for Residence at the Utah Valley University Business Resource Center Incubator (BRC Incubator):

The UVU BRC Incubator exists for the purpose of:

  • Providing resources to help companies succeed through their startup phase
  • Help existing businesses grow
  • Graduating from the incubator based on the achievement of one of the three criteria:
    • Time
    • Revenue
    • Space need
  • Growing the Utah economy

 The Requirements to become and remain a tenant in the UVU BRC Incubator include, but may not be limited to: 

  1. Possess willingness to be trained, coached or mentored by BRC resources and BRC resource partners.
  2. Complete Phase I & II of the GYB training APPLY HERE.
  3. Monthly meetings with an SBDC counselor LEARN MORE ABOUT THE SBDC.
  4. Scalable and creates jobs: We only work with companies that are creating a business, and not just acquiring intellectual property to license to another business.
  5. A willingness to commit to reporting company progress as measured by revenue, capital infusion and job creation for 3 years after graduating from the incubator
  6. Intend to remain in the state.
  7. Ability to contribute to the success of the incubator  including willingness to allow the incubator to use the company’s logos, success stories, and other business information to put on the incubator website and other incubator promotional materials.
  8. Businesses that don’t generate heavy foot traffic to the BRC Incubator
    1. No retail
    2. The UVU BRC Incubator is best suited for companies in the following industries
      1. Manufacturing
        1. Tangible product: MEP is a resource
        2. Process improvement
      2. High tech
      3. Hardware
      4. Software
      5. Digital media
  9. Limited duplication of existing businesses
  10. Demonstrated need for incubator services with a preference given to companies that will make the most use out of the programs and assistance available at the UVU BRC.

The three phase application process, after completing Phase I & II GYB training include the following:

  1. Application: Company must fill out an application form explaining how it meets the requirements of the incubator and why it is a better candidate than other companies. CLICK HERE FOR THE FORM.
  2. Screening: The BRC Executive Committee will screen the applications and select which ones to bring back to pitch to the Executive Committee for Office Space.
  3. Pitch: Business must pitch its idea/business to the BRC Executive Committee (which consists of director and staff of organizations in the BRC), where it can explain why it should be in the incubator versus other potential tenants, how it is going to meet the requirements of scaling, creating jobs, and using incubator resources.

Current Tenants of the Business Incubator

The Business Resource Center has several "incubator" office spaces, which we lease out to small local businesses.  This is a great resource to small businesses, that we are proud to have and offer!  See below for a list of our current tenants.

 

Benefit Guard

BenefitGuard believes the 401(k) model is broken–and they’re fixing it. It’s true. They’re genuinely different in the way they help you manage your plan and help your employees save for retirement. 

 

 

give it company logo

 

 

globalization group company logo

 

 

gold star payments logo

 

international vibration technology LLC logo

 

Kilife Tech Logo

 

 nanogrid compan

Parrot Teleprompter logo   

 

 

PerkNow logo

 

 

pura scents logo

 

 

scipio commonwealth company logo

 

 

Utah Open Source Logo

Utah Open Source addresses the growth of technology by giving opportunities for people to educate and be educated in all things technology. Connecting is core to the mission. Utah Open Source focuses on the technology communities.

 

For more information, contact Pamela Bohn at 801-863-2720.

 

 

building front view