Process: Fill out this form with information and add a video on why you should be selected.
The Goal: To support your business in its initial year of operation with office space and business support in exchange for deferred rent and interest fee at the end of the program term*.
About the Wells Fargo Launch Center: The incubator is a new 1,344 square foot commercial office space with great natural lighting, open format workspace and is ADA compliant. It has two private restrooms, a kitchenette, two flat screen TVs with A/V capabilities for presentations, and whiteboard walls. The selected tenant(s) will have 24-hour access to the building and parking lot.
Rules to participate: 1. Must be a legally formed business with the State of Texas2. Must be set up with accounting software to produce monthly financials for review3. Must have a growth plan and projections to build goals and metrics
Selected candidate(s) will be awarded with: 1. 18 months of office space in the incubator with deferred rent and interest payment due at program end*2. Monthly financial and business strategy reviews with an advisor from the LiftFund WBC 3. Access to mentors, advisors and training in the areas of sales and marketing, taxes, legal advice, and more.
* Business financials will be reviewed each month to determine profitability and rent owed (not to exceed $575/ mo) at end of term. Business financials will be evaluated at end of program to determine total amount of deferred rent and interest payment based on 10% net profit. We see ourselves as a partner while you and your team are located in the incubator; our partnership includes consultation services on a monthly basis to share business insights and support your growth.
Timeline for Competition: Dec. 31: Application deadlineJan. 8: Interviews of top applicants Jan. 12: Winner(s) announced for December move-in