admission process
1.1 applicant guidelines
1.2 client responsibilities
1.3 evaluation criteria
1.4 evaluation process
1.5 graduation
1.6 special policies
1.7 apply
Evaluation Process

TEC makes a substantial investment of time and resources in its client companies. As an organization that solicits and spends public and private funds, TEC must be conscientious in the due diligence and evaluation process before admitting a company into the program. In addition, limited resources mean that only a finite number of spaces are available in the incubator program.

TEC analyzes a prospective client's technology, available resources, entrepreneurial experience and the need for TEC’s services, in order to determine its growth potential, probability of success, and projected benefits from being an incubated client. The TEC Evaluation Committee may request a presentation from the prospective client company as well as personal interviews with the principals.

Possible Evaluation Committee determinations include:

  1. Acceptance for immediate admission to the program as a client.

  2. Acceptance as an affiliate. If the company is given affiliate status as a result of a shortage of space at the TEC facilities, they will be placed on a waiting list for the next available space in the client program.

  3. Acceptance pending if it is determined that additional information or further development of some aspect of the company’s program is required before full acceptance would be considered.

  4. Rejection of the application. In the case of rejection, the Evaluation Committee will be very clear and specific in its reasons for rejecting the application and will also indicate whether the company might qualify for re-evaluation at some future time.

At the time of admission, the client and TEC jointly establish a timeline of benchmarks and objectives, in line with the client’s business plan, for the time period of incubation. Formal performance reviews of each client are held periodically. The client, the TEC staff and the Evaluation Committee jointly gauge the progress of the company against its benchmarks and objectives, and also evaluate the quality and impact of the business assistance that the client has received and taken advantage of during its stay with TEC.
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SUITE 600
ST. LOUIS, MO 63101

314.436.3500

info@tec-stl.org
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