The Benedict College Business Development Center Incubator Program was designed to assist and nurture small businesses through the crucial stages of business development-from the growth through expansion. A cornerstone of the program is to develop minority entrepreneurs and provide them below-market-rate office space in order that they may stay in the communities they serve. The incubator is a "general purpose" incubator.

The Incubator Admission Criteria

The criteria for admission are the following:

• New and early stage business in the area
• A viable business concept
• Must have capital/means of support
• Intent to remain in the Metropolitan Business Community after "graduation."

Incubation Graduation Criteria

The criteria for graduation are the following:

• Success in achieving its objectives or product development
• Growth in revenue or earnings
• Community revitalization potential

Incubator Application Process

• Requesting in writing or person for the BDC's Business Incubator Program Packet
• Applicant returns incubator application
• The BDC staff reviews and verifies the applicant's application information
• A consultation is scheduled
• Reference check of credit and/or business references
• Application is submitted to the director for review
• Once approved, the new client and director will establish short and long term goals for the business.
• Incubator Tenant signs lease, becomes a participant in the incubator program, and moves into the BDC's office suite

For more information contact the Benedict College Business Development Center:

Office: (803) 705-4781, Fax: (803) 705-7080
E-mail: BDC@benedict.edu