The University of Toledo Minority Business Incubator
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Applicant Qualifications
The University of Toledo Minority Business Incubator welcomes applications from minority-owned, early stage businesses that have:
- Executive summary and/or business plan
- Four to six months of working capital
- Sound management and/or product development team
- Service oriented, light manufacturing or general construction trades. Good potential to produce jobs in the local area
- Potential to produce significant revenues in four to six years
- Intent to remain in the Toledo business community
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Located on The University of Toledo (UT) Campus of Energy and Innovation in the Center for Innovation and Minority Business Enterprise, The University of Toledo Minority Business Incubator (UTMBI) provides an ideal environment to help a selected number of established minority owned businesses to grow. This growth is good for our community, the region, and even the global business stage.
Working in partnership with local, community-based businesspeople, the UTMBI provides information, essential services, networking resources and more to assist early-stage companies. The UTMBI helps entrepreneurs turn their ideas into viable businesses, promoting innovation and creating jobs. This strengthens the economic fibers of the community, benefitting everyone.
The UTMBI is not intended to replicate existing services available to businesses or organizations, but to complement these services through a focus on minority-owned companies.
The UTMBI is a key component of “incubation” at UT, a University-driven community partnership providing early-stage companies with tools, training and infrastructure so these growing businesses will create jobs and revenue for the region. UT’s incubation program offers the opportunity to leverage the intellectual resources and facilities of both The University of Toledo and the broader community.
Our Mission
The University of Toledo Minority Business Incubator mission is to foster an environment that offers assistance for minority-owned, early stage firms. The incubator will help nurture entrepreneurial and economic development in the Toledo community by providing office space and services, training, mentoring and a network of professional advisors.
Contact Us
Dr. Shanda Gore
Ph: (419) 530-5538
Fax: (419) 530-2116
Shanda.Gore@utoledo.edu
Ms. Megan Reichert-Kral
Ph: (419) 530-3805
Megan.Reichert@utoledo.edu