ADMISSION CRITERIA

Student generally known as entrepreneur who has idea of any scientific discovery or inventions are welcome to develop this idea in any of our centre. The following steps and requirements should be met before NBTI can help you.

ADMISSION CRITERIA INTO TECHNOLOGY INCUBATION CENTRES

The process for accepting application into the technology incubation centres are as follows:

•  Business Plan: There must be a business plan

•  Innovation: There must be value added

•  Technological viability: The product must be technologically viable and the TIC has the ability to provide required technical support

•  Financial feasibility: The proposed budget and time frame in the business plan must be realistic and achievable

•  Market potential: Priority should be given to projects that are marketable in the National Regional and Global market.

•  Economic benefits: Projects must provide economic benefits in terms of job creation, new business opportunity or meeting with socio economic objectives of the area in particular and the nation in general

•  Patent Technology should be given priority.

•  Qualification and Experience: The key members of the management team must be suitable and adequate to pursue the venture

•  Integrity: The entrepreneurs must be people of good social responsibility

•  Competition: Projects should not be in competition with another in the same TIC

EXIT CRITERIA

The graduation criteria for an entrepreneur undergoing incubation in any TIC are as stated below.

•  Incubation period: The minimum incubation period is 3 years while the maximum is 5 years. At the expiration of maximum period, the entrepreneur must leave the TIC

•  Performance indicator: the following performance indicators are to be met for entrepreneur to graduate from any TIC >>>>>>Click Here for more