Companies seeking to obtain Membership within
the Hudson Valley Center for Innovation, Inc. (HVCFI) are invited
to contact HVCFI’s
Managing Director, Les Neumann (845-634-1911). Prospective members
will be invited to informally meet first with Mr. Neumann, then with
HVCFI’s
Executive Mentoring Team and Board of Advisors to describe the major
elements of their business. The Team would then explain the membership
application process and requirements.
Application Process Steps
- Admission Application Review by HVCFI’s Board of Advisors
- Applying Company Presents to HVCFI’s Board
of Advisors
- Second Presentation given to HVCFI’s Board of Directors
- Acceptance of HVCFI’s Terms & Conditions
Application for Admission
The Admission Application has been designed to incorporate all
of the essential information to enable HVCFI’s Board of Advisors
to pre-screen applicants and prepare for the applicant’s
presentation to the Board. It is The Board of Advisors’ responsibility
to assure that the applying companies have a reasonable probability
for reaching projected sales goals.
Information required by applying companies includes:
- Written Business
Plan outlining description of the products/services to be developed;
needs and competition for products/services; proposed markets;
sales and earnings forecasts; identification of obstacles, possible
risks; current management; etc.
- Historical and projected financial statements required to evaluate
applicant’s ability to meet HVCFI’s basic financial
obligations.
- Employment projections & employee job skill
requirements.
- Timeline defining major development milestones
of the applying company and anticipated time needed within the
HVCFI incubator facility.
- Space and services required within the facility.
- Projected management and facility needs from
HVCFI’s
Executive Mentoring Staff.
- Preliminary agreement to the terms & conditions of
Membership
Presentations & Final Steps
After the Board of Advisors has reviewed the Admission Application,
the prospective Member is invited to meet with the Board of
Advisors to present its business and answer related questions. Once
the Board of Advisors approves an applicant, a presentation is scheduled
with HVCFI’s Board of Directors for final admission approval.
The applying company will then work with HVCFI’s Managing
Director and legal advisors to finalize the admittance process.
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