Rohrer College of Business Incubator
Frequently Asked Questions
What type of company should consider locating in an incubator?
Business incubation in New Jersey is designed to support technology companies with high growth potential. Rowan’s Incubator is best categorized as a mixed-use technology incubator. This means that most of the existing tenants are technology companies.
What is the application and selection process for Rowan’s Incubator?
The Rohrer College of Business Incubator is an engine for economic growth in Southern New Jersey, creating new jobs, products and services. The prospective entrepreneur should contact the incubator manager to discuss his/her technology and business plan. In general, companies that exhibit the potential for high revenue and personnel growth are favored. Applicants must be in the technology sector.
At what point in an entrepreneurial start-up process should the applicant apply to the Incubator for space?
Start-up companies considered for occupancy have been legally organized and generally show sufficient funds to support the efforts of the enterprise for at least one year. At the present time, the Incubator is 100% full. Therefore, it is necessary for entrepreneurs to apply for space months before it is anticipated that sufficient funding levels will be achieved. Tenants applying for virtual status will be evaluated on a case-by-case basis.
What kind of workspace resources does the Business Incubator provide?
Whereas most business incubators throughout the country are housed in vacant industrial buildings or converted schools, Rowan's Incubator was expressly designed and built as an incubator. Each entrepreneurial company has access to telephone, fax and data connections. Clustered at the Incubator's center are shared equipment and facilities: conference rooms, and duplicating, fax and mail services.
At times of full occupancy, are there other avenues of help available to start-up entrepreneurs?
Rowan’s Business Incubator includes two types of tenants: those who physically occupy office and/or laboratory space at the Samuel H. Jones Innovation Center and "virtual" tenants. Virtual tenants do not occupy office space, but do gain specified Incubator privileges such as access to the incubator's business address, use of common facilities such as copier, fax, mail and package delivery, and resource/library with Internet-accessible computers. Virtual tenants may also use the Incubator's conference rooms by appointment and have access to the mentoring/consulting/networking resources of the Incubator Manager.
When are companies expected to "graduate" out of the Incubator?
Since the first three years of any start-up are typically the most critical, most companies should plan to take advantage of the Incubator's affordable rent, and business services for three to four years. As businesses become self-sufficient enough to move out of the Incubator, other early-stage enterprises take their place. Graduates are encouraged to continue drawing upon the mentoring/consulting/networking resources of the Incubator Manager and tenant community, as well as The Rowan Connection™.