What is an incubator?
“Incubators typically charge monthly program fees or membership dues in exchange for office/desk space and access to program offerings. Incubators offer programs to member companies that typically include mentoring, education/training, and informal learning opportunities. Incubators also host events to provide networking and learning opportunities for both member companies and the local community. Member companies are usually required to apply to ensure they meet the incubator’s criteria or mission (industry, stage of company, founder demographics, etc.). Incubators usually have graduation policies based on achievement of agreed-upon milestones, growth metrics or time-based stipulations. Typically, companies join incubators on a rolling basis (non-cohort), and are able to reside in the incubator for 1-3 years.” (InBIA Industry of Terms, Version1.0, Feb. 2017. Pg. 1.)
What is the definition of a clean energy startup?
Clean energy startups are defined as “...advanced and applied technologies that significantly reduce or eliminate the use of energy from non-renewable sources, including, but not limited to: energy efficiency; demand response; energy conservation and those technologies powered in whole or in part by the sun, wind, water, biomass, alcohol, wood, fuel cells any renewable, non-depletable or recyclable fuel..." MGL c. 23J s.1.
Can my incubator be located outside of the Commonwealth?
Incubator applicants must be located within the Commonwealth.
What is considered to be a Massachusetts company?
To be considered a Massachusetts based clean energy startup your company must have a majority of the following offices based in Massachusetts (as applicable):
Primary research and development operations
Primary sales and marketing office
Primary manufacturing operations
How long after submitting my IncubateMass application should I expect a response from MassCEC?
It typically takes anywhere from two to three months for MassCEC to make a funding decision. Staff will typically be in touch with follow-up questions shortly after an application is received.