FAQ

What are business incubators?

According to the International Business Incubation Association, Business incubators nurture the development of entrepreneurial companies, helping them survive and grow during the start-up period, when they are most vulnerable. These programs provide their client companies with business support services and resources tailored to young firms. The most common goals of incubation programs are creating jobs in a community, enhancing a community’s entrepreneurial climate, retaining businesses in a community, building or accelerating growth in a local industry, and diversifying local economies.

What type of companies can apply?

Members of TechFire are early stage technology companies that are interested in technology transfer with federal labs and installations.

Why should a company apply?

TechFire provides clients with access to a number of valuable services. There is technical and federal grant preparation assistance available. As well as, an introduction to federal technology transfer offices and assistance in vetting federal technologies available for licensing. It is a customized program of mentoring and advisory services tailored to the needs of the company with follow-up to ensure client satisfaction that can cover strategic planning, business planning and business development, marketing, sales, accounting, legal, and HR advisory services.

TechFire is also conveniently located by warfare centers, restaurants, a hotel, universities, County government offices, and Washington D.C.

What is virtual incubation and do you offer it?

Virtual incubation means the process of business incubation through electronic services. Most commonly, virtual incubation is used because of location constraints or when there is not enough space in a given location. TechFire is offering virtual incubation for those that are far away.

How can I become a sponsor?

To learn more about sponsorship or to become a sponsor please take a look at our sponsorship levels (Link) and email innovation@etcmd.com.