Acceleration Program

APPLICATION

Once you have met the Admissions Criteria and completed the Application Form for admittance into the NTEC program, your application and executive summary will be reviewed within ten (10) business days by NTEC management.  Based on this review, NTEC management will determine if there is reason to move forward with a face-to-face interview.  If your business concept is not selected for additional review, you will be notified via email as to the reasons why.  Further, our response may be that your company needs to accomplish several key milestones before being considered for NTEC's program.  You will be given a certain amount of time to accomplish those steps and will be offered a follow up submission date for reconsideration of entry into the program.

INTERVIEW WITH NTEC MANAGEMENT TEAM

If our initial review of your application indicates that further review and discussion is warranted, you will be invited to make a short, face-to-face presentation to the NTEC management team.  This presentation will be a 15-20 minute overview of your business concept followed by 30-45 minutes of questions and answers.  This meeting will help NTEC better understand your business, the management team, and the "gaps" that will need to be addressed for the business to reach future milestones.  Post inteview, NTEC management will compile a short list of key challenges that need to be addressed.  This feedback is provided to all companies that are invited to make a face-to-face interview regardless of whether they are asked to participate in the final due diligence step.  If you are not selected to present further, you will be notified by a member of the NTEC management team.

PRESENTATION TO NTEC SELECTION COMMITTEE

If your business concept successfully passes the preliminary review of your Application and the subsequent face-to-face interview with NTEC management, you will be asked to provide a detailed business plan and to make a short presentation on your business venture to the NTEC Selection Committee. Your presentation should not last longer than fifteen minutes (15) and will be followed by a question and answer session not to exceed forty-five (45) minutes.

DUE DILIGENCE PROCESS

NTEC will then perform additional due diligence over the next 15-30 business days to further assess the viability of your business venture and to make a final determination regarding acceptance into the NTEC business incubation/acceleration program.

CONFIDENTIALITY

NTEC maintains a policy of strict confidentiality regarding business ventures making application to our program. However, as is standard in the industry, NTEC will not sign non-disclosure agreements. If there are certain entities or individuals from which you would like your information withheld, please list those restrictions when completing your Application Form.

ENTERING THE PROGRAM

If selected to enter the Center as a Program Company, you will be notified by NTEC management and a follow-up meeting set to discuss the entry process and complete the necessary engagement documents.  The flow chart below highlights the major points in the Admission Review Process.