Admission Guidelines

Start up companies and entrepreneurs who are seeking to locate in the center must:
• Fill out an application form >>  
• Provide a written business plan
• Offer a high value product or service that can be commercialized

Evaluation Guidelines

The Greater Binghamton Economic Development Project Team will review each of the applications and will be based but not limited to these criteria:
• Is there potential for annual revenue growth and job creation
• Is there a market for the applicant’s product or service
• Have applicant principal(s) demonstrated personal investment and commitment to their startup
• Have the applicant principal(s) passed credit and reference checks
• Is the applicant financially able to pay the anticipated costs of being an Innovation Center tenant
• Is applicant committed to regular meetings with mentors and center management and submit periodic financial statements for review
• Does the applicant intend to stay in Greater Binghamton
• Will applicants on-site operation be environmentally sound and non-hazardous and not involve the use or production of hazardous material

Client Graduation Guidelines

The goal of the Innovation Center is to have each applicant graduate before or at the end of a three year lease. The criteria will be based on the establishment of a three year business plan that will have established goals and benchmarks that will be mutually agreed to by applicant and Innovation Center management.

Clients may be asked to leave the Innovation Center if:
• Have spent three years as a tenant of the center
• Have violated the terms and conditions of their lease or center policies
• Are delinquent in payment of rent