Business Incubator

building front viewWelcome… the Utah Valley University Business Resource Center Business Incubator (BRC Incubator) has been aptly described as a “greenhousewere the seed 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 is 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.

 If you feel you would benefit from participating in the BRC Incubator click on this button to LEARN MORE and apply.

 How to Qualify to Become an Incubator Tenant: COPY on the LEAN MORE landing page

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 Go To Market (G2M) training program. G2M 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 addition benefit of attending our G2M training is the possibility of qualifying for grants to assist with prototype and business plan development. To apply for our G2M training click here REGISTER.

To learn more about the terms governing Incubator tenancy READ MORE.

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 G2M 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

               a. No retail

               b. The UVU BRC Incubator is best suited for companies in the following industries

                      i. Manufacturing

        1. Tangible product: MEP is a resource
        2. Process improvement

                      ii.     High tech

                     iii.     Hardware

                     iv.     Software

                      v.     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 G2M 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, using incubator resources.

 

For more information contact Karen Wenn at 801-863-2720 or karenw@uvu.edu