Entrance Criteria

The Candidate Company must:

• Be a for-profit Maine entity with intention to stay in Maine upon graduation.
• Demonstrate an innovative and scalable business model.

Clients are selected on a case-by-case basis. Evaluation criteria include, but are not limited to, the following:

• Have a working business plan completed or in development.
• Reception to a collaborative relationship.
• Barrier to Entry: Where is the barrier to entry in this industry, relative to the applicant and their competitors?
• Total Addressable Market (TAM): What is the underlying potential of the venture? How will this affect the venture and the techniques needed to succeed?
• Sales Revenue Potential: The potential timeframe for the enterprise to achieve sales revenue.
• Time to Commercialize: Timeframe for the venture to commercialize, given the above considerations and the overall market environment. 
• Business Management Expertise & Experience: What is the depth and breadth of the applicant's experience in the industry?