The place to start and grow your business

Incubator Member Eligibility

The purpose of business incubation is to bring resources and experience to young companies during their early years, the most vulnerable period of their existence. WESST will work with your company to enhance your management team’s skills in business disciplines including: marketing, bookkeeping, legal assistance, management, human resources, and other business areas as deemed necessary. Incubators provide office space, business instruction and shared amenities for early-stage companies in a symbiotic, collegial atmosphere. The standard industry incubation time is 18-36 months until the company grows and can afford commercial retail rates.

The following factors will be used to assess a company’s suitability for the WESST Enterprise Center:

  • A growth-oriented, for-profit company with potential for significant employment
  • Evidence of sufficient income or capital commitment to complete the incubation process
  • A management team in place or under development
  • Willingness to hire from low-to-moderate income wage earner pool
  • 50% or more of its employees in New Mexico
  • Albuquerque business license
  • Complete business plan (If your current plan is incomplete, WESST can help.)
  • Company is not a defendant in litigation or pending litigation
  • Company has filed both federal and state income tax returns and state CRS returns for the years the company has been in business, and has no past-due debt or tax liens to a federal or state agency

Incubator Member Application Process

We welcome your application to the WESST Enterprise Center. That application process includes:

  1. Submission of Incubator Member Inquiry
  2. An interview with incubator Managing Director
  3. Submission of your company’s business plan
  4. Completion of incubator application including credit report on the owner and/or the company
  5. A 30-minute presentation to Admissions Committee
  6. Approval by the Admissions Committee