When startups are approved, they meet with the Incubation Manager to delineate aligned short-term targets and craft a written Action Plan based on goals and benchmarks submitted in their application. This collaborative process establishes agreed-upon, quantified objectives for incubation support.
The resulting Action Plan serves as the roadmap for volunteer mentors to guide clients and the standard by which the Manager tracks venture progress. It forms an integral component of each client’s Service Agreement which outlines the mutual understanding between Prep and Pave and the startup.
Entrepreneurs must consent to this living document and its periodic updating in coordination with the Manager. The process ensures incubation services from Prep and Pave are deployed strategically each step of the way to propel each client toward a trajectory of success over the course of the program.
Agreement will be shared with clients after formal application and they must submit within seven days after they have been officially approved.