General Selection Criteria

PRINCE GEORGE’S COUNTY TECHNOLOGY ASSISTANCE CENTER COMPANY SELECTION CRITERIA

The Prince George’s County Technology Assistance Center is an incubator facility offering office space and business services to technology companies who wish to be located in a vibrant region with a top ranked research university and federal laboratories. 

Criteria for acceptance into the Technology Assistance Center include, but not limited to:

• Early stage or transitioning technology companies that are developing a product or service with or without proprietary technology

• Must have a business plan that includes actual financial history and five year projected financials.

• Must demonstrate company’s ability to financially operate the company for a minimum of six months

• Must provide company economic benefit growth projections and how incubator occupancy will contribute to achieving short and long term business objectives

• Must provide certificate of incorporation and certificate of good standing with the State of Maryland

• Must provide acceptable personal and trade references

• Must have acceptable credit profile

• Must be willing to consider Prince George’s County location after graduation from incubator

• License Agreement must be guaranteed by a principal of the company

Special consideration will be given to:

• Out-of-County firms looking for a first home from which to grow

• First-time, foreign entrants into US market

• Minority/woman owned firms