Frequently Asked Questions
What is the Bay Area Entrepreneur Center?
The Bay Area Entrepreneur Center is an incubator and accelerator designed to assist individuals with a business idea as well as early stage companies and those that want to take their business to the “next level”.
What is a business incubator?
Business incubators work with and nurture entrepreneurial companies, assisting them during the early stages of the venture, when most failures occur. Information, classes, mentoring and access to capital are some of the services provided at an incubator.
What is a business accelerator?
Paul Bricault, cofounder of Amplify, a Los Angeles-based accelerator defines an accelerator as “taking single-digit chunks of equity in externally developed ideas in return for small amounts of capital and mentorship.” The BAEC will host these businesses, but usually for a shorter period of time than for incubator tenants. In some markets, the term incubator and accelerator are used interchangeably.
What services does the BAEC provide?
The Center provides facility space, flexible and affordable leases, shared use of common equipment, conference rooms and reception services, direct business assistance, mentoring, networking, assistance to attract capital and other technical resources.
How long can tenants stay at the BAEC?
The length of each tenant’s term at the Center will be negotiated based on independent need, but it is anticipated that each tenant will stay approximately 6-12 months.
Can I take classes, receive assistance with my business plan and use other resources if I am not a tenant?
Yes. The BAEC, a project of Skyline College, is a resource center where local individuals and businesses can access information through training, seminars, classes and mentorships without being a tenant of the Center. Our objective is to be a community resource that will assist individuals and businesses at any stage.
How will the BAEC assist tenants and companies to attract and secure capital?
The BAEC will work with companies to customize their approach to securing capital to fund the business. Staff will connect companies to investors, including banks, venture capital firms, angel investors, and crowd-funding resources. In addition, companies will receive one-on-one technical assistance from experts to develop venture capital presentations, loan applications and mentorships to source appropriate funding resources for their business.
How do I apply for acceptance into the Bay Area Entrepreneur Center?
You may apply directly by submitting a completed Interest Form.
What is the process for application to the BAEC?
Once we have received your interest form, we will contact prospective tenants for an interview with a BAEC staff member and/or BAEC advisory board member. Applicants will be notified within 1-2 weeks following the interview with their application status.
Where is the Center located?
We are located at 458 San Mateo Avenue in downtown San Bruno, near shops and restaurants. The BAEC is accessible by CalTrain, Highways 101 and 280, local transit lines and in proximity to the San Francisco airport.
How do incubators contribute to local and regional economies?
Incubators assist local companies that generate revenues that fund local services, create jobs, revitalize neighborhoods and commercialize new technologies. The National Business Incubation Network estimates “that in 2011 alone, North American incubators assisted about 49,000 start up companies that provided full time employment of nearly 200,000 workers and generated annual revenue of almost $15 billion.”
How do I find out more information about the Bay Area Entrepreneur Center?
You may contact BAEC staff at firstname.lastname@example.org.